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Showing 51 - 60 of 196 results for %22Superannuation Industry Regulations%22

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... them sensible now?" Heffron said she had one person call and demand an SMSF be set up so they could put all their superannuation in gold. "That immediately rings alarm bells, you want to ask them to slow down a bit," she said. "We are doing a lot more ...

Government moves to cut work test

HARRISON WORLEY  |  FRIDAY, 6 MAR 2020
... (Measures for a later sitting) Bill 2020: Improving Flexibility for Older Australians, which will amend the Superannuation Industry (Supervision) Regulations 1994 in an effort to help older Australians boost their retirement savings by adding flexibility ...

APRA responds to industry concerns

ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
... licensee is unable to undertake the comparative component of the outcomes assessment in the absence of Superannuation Industry (Supervision) Regulations. "Some industry participants thought that this interpretation would limit scrutiny on the performance ...

ASIC called out over super fund disclosures

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
... Jeremy Cooper has labelled ASIC's extension for portfolio holding disclosures a "free kick" for the superannuation industry. The regulator announced earlier this week that it is extending the deadline for super trustees to disclose their portfolio ...

Extension for super fund portfolio disclosures

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
The Australian Securities and Investment Commission has extended the deadline for superannuation trustees to disclose their portfolio holdings. ASIC said it amended the order to provide "legal certainty" about the first reporting day, given that the ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... warning to pop up after the consumer had entered their details and begun committing to the loan. When it came to superannuation PDSs the report found cited research finding that 64% of consumers cannot locate fees in a PDS for a managed investment and ...

ATO warns of SMSF concentration risk

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... aspect of the things SMSF trustees have to consider as part of their investment strategy, according to the Superannuation Industry (Supervision) Regulations 1994. In addition to diversity, SMSF trustees are required to "formulate, review regularly and ...

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
... commissions to financial advisers by 1 January 2021. Federal Treasurer Josh Frydenberg and assistant minister for superannuation, financial services and financial technology Jane Hume revealed Coalition plans to introduce the legislation later this week ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
... pension ceases because the minimum amount hasn't been paid, the trustees may have contravened the Superannuation Industry (Supervision) Regulations 1994, the ATO warned. If a breach occurs, trustees must act swiftly to prevent other potential by ...

Associations raise member outcomes concern

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
Superannuation industry associations are voicing their concerns over the proposed member outcomes framework, worried there is a disconnect between the law and APRA's expectations. APRA is busy working through submissions for Prudential Standard ...