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Showing 811 - 820 of 1812 results for "Regulation 2014"

Retail funds cheer super board governance bill

LAURA MILLAN  |  THURSDAY, 17 SEP 2015
Retail superannuation funds have welcomed the introduction in Parliament of the bill that seeks to mandate the presence of independent directors in boards. "With over $2 trillion currently sitting in the superannuation pool, good governance has never ...

Regulators put super funds on notice

DARREN SNYDER  |  TUESDAY, 8 SEP 2015
The Australian Securities and Investments Commission (ASIC) has flagged new developments in post-retirement as an area it will be monitoring closely. Speaking at the Australian Institute of Superannuation Trustees (AIST) investment conference recently ...

FSC, FPA support ASIC user-pay model

ALEX BURKE  |  WEDNESDAY, 2 SEP 2015
Both the Financial Services Council and Financial Planning Association of Australia have voiced their support for an industry funding model for ASIC. On August 28, Assistant Treasurer Josh Frydenberg welcomed industry consultation on the proposal while ...

REST appoints exec from SSFS

LAURA MILLAN  |  WEDNESDAY, 2 SEP 2015
REST has appointed a chief risk officer who was previously a risk manager at State Super Financial Services (SSFS). Phil Budge joined REST in June 2015 and is responsible for the fund's risk management framework. At the same time, he provides independent ...

Crowd equity funding, the Ashley Madison of finance

LAURA MILLAN  |  FRIDAY, 28 AUG 2015
... holding crowd equity funding from doing the same with financial services? The Centre for International Finance and Regulation (CIFR) has recommended that crowd equity funding should be allowed in Australia, subject to monitoring by the Australian Securities ...

Four pillars policy is killing innovation: research

LAURA MILLAN  |  TUESDAY, 25 AUG 2015
... because it is hindering innovation and leading to poor consumer outcomes, the Centre for International Finance and Regulation (CIFR) found. The research report 'Competition in financial services' acknowledges that the policy made sense prior to the global ...

MySuper impacts AMP investment revenue

DARREN SNYDER  |  FRIDAY, 21 AUG 2015
A greater share of assets entering lower-fee MySuper products is affecting AMP's investment related revenue. The group's investment related revenue for the first half of 2015 was 113 bps, a 4.2% reduction from the prior corresponding period. AMP said ...

Super governance changes questioned

DARREN SNYDER  |  THURSDAY, 20 AUG 2015
The federal government's focus on accountability around conflicting interests in superannuation boards has been described as "curious" by lawyers reviewing proposed super governance legislation. A paper prepared by Hall and Wilcox Lawyers for the Australian ...

Super outstrips other channels in disability risk profits

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
The profitability of disability income insurance within superannuation is outstripping comparable insurance products sold directly. The latest quarterly statistics from the Australian Prudential Regulation Authority (APRA) show that both the super and ...

New draft super governance standards released

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
The government has clarified uncertainty around the word 'independent' in its draft super governance legislation and agreed to a flexible transition period following consultation with stakeholders on new standards. In June, the Government released exposure ...