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Showing 51 - 60 of 146 results for %22House of Representatives Economics Committee%22

AMP to cull super trustee, five funds

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... superannuation trustee and five super funds. Responding to a question on notice from its November appearance before the House of Representatives Standing Committee on Economics, AMP revealed its simplified wealth management arm will see it aim to close ...

Government fund appoints new chair

KANIKA SOOD  |  MONDAY, 16 DEC 2019
... and QSuper are currently considering the possibility of a merger which the latter's chief executive Pennisi told the House of Representatives Standing Committee on Economics, may result in a merger or a "some other arrangement ". Luke will start ...

Sunsuper head of corporate, insto sales departs

KANIKA SOOD  |  MONDAY, 9 DEC 2019
... considering the possibility of merging with the $113 billion QSuper, which the latter's chief executive Mike Pennisi told the House of Representatives Standing Committee on Economics, may result in a merger or a "some other arrangement".

Enforcement appetite is working: APRA

ELIZA BAVIN  |  MONDAY, 2 DEC 2019
The prudential regulator has told the House of Representatives Standing Committee on Economics that despite tough conditions it has shown an increased appetite to be "constructively tough". APRA chair Wayne Byres told the committee that broader enforcement ...

AMP transfers 25% of accounts to ATO

ELIZA BAVIN  |  MONDAY, 25 NOV 2019
... legislative measures to reduce duplicated accounts and we felt the right approach was to transfer them to the ATO." The House of Representatives Standing Committee on Economics has been grilling superannuation funds over the practice of transferring ...

QSuper, Sunsuper not committed to merger

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... QSuper has confirmed its proposed partnership with Sunsuper may not result in a traditional merger. Appearing before the House of Representatives Standing Committee on Economics on Thursday, QSuper chief executive Michael Pennisi fielded questions from ...

Complexity equals risk: IOOF chief

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
Facing a grilling at the House of Representatives Standing Committee on Economics today, IOOF chief executive Renato Mota said the firm's former complex organisational structure was responsible for additional risk. Asked by Labor MP Daniel Mulino ...

Underperformers should not be allowed new members: Silk

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
... enter an underperforming superannuation fund, according to AustralianSuper chief executive Ian Silk. Appearing before the House of Representatives Standing Committee on Economics this morning, Silk told the inquiry that the biggest issue facing the super ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... important and that all Australians should have access to good, cost-effective, unconflicted financial advice. Speaking to the House of Representatives Standing Committee on Economics Hartzer also said he regrets having to exit the financial advice business. ...

Super funds face scrutiny in Canberra

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... Investors, Industry Super Australia, the Association of Superannuation Funds of Australia will also front the committee. The House of Representatives Standing Committee on Economics has not previously scrutinised the superannuation industry, but chair ...