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| | | ... related-party expenditure and found deficiencies in the robustness of its approach, it said. In particular, APRA said the fund did not demonstrate "adequate processes to scrutinise and justify how the fees it pays to its parent company are consistent ... |
| | | | The government has opened consultation to combat financial abuse in families perpetrated through coerced directorships. The consultation paper by the Treasury noted that financial abusers can exploit loopholes in tax and corporate systems, weaponising ... |
| | | | ... (if any) and the employer's default fund. Choice products cannot be advertised. The person advertising the product must not be related to the fund offering the product. The person advertising the MySuper product must have requested an employee's ... |
| | | | Inflation rose 3.8% in the year to October, according to the Australian Bureau of Statistics (ABS), beating market expectations of 3.6%. The largest contributors to annual inflation were housing (+5.9%), clothing and footwear (5.4%), education (5.4%) ... |
| | | | ASIC has imposed additional licence conditions on Learn to Trade (LTT) after it failed to comply with financial services laws over delayed lodgement, commanding it to appoint a consultant to review the business. LTT was granted an AFSL in January 2010 ... |
| | | | ... delivered improvements specifically targeted at retired members. Further, a little over one in five (21%) indicated they did not have targets or measures in place to assess how effectively they are assisting members in balancing the covenant objectives ... |
| | | | ... conducted by the Thinking Ahead Institute (TAI), defined contribution (DC) pension funds said they are concerned some members are not saving enough for retirement. The study found 60% of respondents are concerned their members are not saving enough and ... |
| | | | ... its merger planning with Aware Super. The two funds signed a formal Heads of Agreement to merge in October. Aware Super does not offer a like-for-like investment option to members, though members can invest directly in individual asset classes, like ... |
| | | | ... Clime chair John Abernethy announced the closure of the Clime Australian Income Fund and Clime Smaller Companies Fund but did not provide more details. Abernethy also did not provide details on ASIC's investigation into the Australian Income Fund. ... |
| | | | ... statement for the article at 9.56am. In July, when Sequoia's share price dropped by as much as 28%, the group said it was not aware of any information that could explain the decline. Last week, Sequoia chair Mike Ryan told shareholders that the litigation ... |
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