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Showing 811 - 820 of 1798 results for "Regulation 2014"

Super board changes ignore past lessons: Bowen

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
Federal Shadow Treasurer Chris Bowen believes proposed governance changes to superannuation fund boards ignore the lessons learnt from the HIH disaster. Speaking at the Financial Services Council annual conference, Bowen quoted Justice Neville Owen ...

Most members actively choose MySuper: research

DARREN SNYDER  |  WEDNESDAY, 5 AUG 2015
A study by the Centre for International Finance and Regulation (CIFR) shows about two-thirds of default superannuation members are actively choosing to enter a deafult option. From the study 'Delegation, trust and defaulting in retirement savings: Perspectives ...

ASFA concerned about board governance timeline

DARREN SNYDER  |  TUESDAY, 4 AUG 2015
The Association of Superannuation Funds of Australia (ASFA) is concerned about the timeframe for approving transition plans to have at least one-third independent directors on super fund boards. In a letter to the Australian Prudential Regulation Authority ...

China FTA gives Australia "first mover advantage"

LAURA MILLAN  |  MONDAY, 3 AUG 2015
The China Australia Free Trade Agreement (FTA) will give Australian financial services companies a competitive edge that their peers in the United States or Japan don't have. Speaking in front of the Parliamentary Joint Standing Committee on Treaties ...

APRA workload for boards does not rate

DARREN SNYDER  |  FRIDAY, 31 JUL 2015
Meetings between the Australian Prudential Regulation Authority (APRA) and company boards are considered good value yet the workload placed on boards by the regulator does not rate highly. This is the view of more than 450 directors from deposit-taking ...

EU instos shed banks, set up alternative trading venues

LAURA MILLAN  |  WEDNESDAY, 29 JUL 2015
In a scenario that could be replicated in Australia, higher capitalisation requirements have limited European banks' liquidity and have forced institutional investors to set up alternative trading venues. "The ability for banks to trade and to provide ...

Super board changes could cost funds $20m a year

LAURA MILLAN  |  FRIDAY, 24 JUL 2015
Appointing independent trustees to the boards of superannuation funds could cost about $20 million only on the first year, the Australian Institute of Superannuation Trustees (AIST) warned. "How can these costs be justified when there is no evidence ...

Passive strategies benefit active managers

LAURA MILLAN  |  MONDAY, 20 JUL 2015
Investors' shift towards passive and smart beta strategies is a great trend for active managers, according to Standard Life Investments (SLI) head of global equities Mikhail Zverev. "It is very strange to see an active manager saying that we quite like ...

Higher US rates will test investors' nerves: QIC

LAURA MILLAN  |  MONDAY, 20 JUL 2015
Interest rates in the United States are expected to increase over the coming months, a change that will deliver higher returns, but will also test investors' nerves, QIC said. QIC is anticipating that the term premium, the compensation required by investors ...

Banks need to increase capital ratios: APRA

DARREN SNYDER  |  MONDAY, 13 JUL 2015
The Australian Prudential Regulation Authority (APRA) believes the country's major banks will need to increase capital adequacy ratios by at least 200 basis points to be comfortably positioned in the top quartile of international peers. In response ...