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| | | ... locked in and cannot be altered. This adds security for members, given that insurers operate under strict actuarial and regulatory standards, which offer more protection than if the liabilities remain with the original corporate sponsor, she said. In ... |
| | | | ... Elizabeth to Citi. Elizabeth brings great experience to this role and has a deep understanding of the local client and regulatory landscape," Woodruff said. "I look forward to her contribution to our leadership team and her contribution to the local ... |
| | | | The prudential regulator is clamping down harder on super trustees' spending, saying it has identified "deficient" and "questionable" practices among funds. APRA deputy chair Margaret Cole has informed all RSE licensees that it will be intensifying ... |
| | | | Regal Partners has been indicted by the South Korean securities watchdog after a former employee allegedly breached the country's tough short-selling rules. The Korean Prosecutor's Office issued an indictment against Regal and its former employee ... |
| | | | ESSSuper is moving members in its default investment option to the newly launched Balanced Growth Managed option. Members currently in the Balanced option will move to the Balanced Growth Managed option for Accumulation Plan and beneficiary accounts ... |
| | | | ... charged by some. In 2021, Australians paid over $32 billion in fees to super funds, according to Rainmaker Information. "Regulatory guidance exists for disclosure documents or a fund's MySuper dashboard, but when it comes to how fees are presented ... |
| | | | ... platforms, for the benefit of investors," Huddy said. "He also brings to the team important experience in working through regulatory and market changes, which continue to play a role in shaping the investment and super landscape for advisers and their ... |
| | | | ASIC has stripped the Australian financial services licence (AFSL) of Aretean Ltd Pty, trading as Aretean Capital, following the fund manager's failure to comply with its obligations. Aretean Capital boasts assets under management of over $250 million ... |
| | | | ... During the year, it granted 280 new AFSLs. In granting an AFSL or credit licence, ASIC said it may force additional regulatory outcomes such as modifying or imposing additional conditions. It can also refuse to grant a particular licence authorisation. ... |
| | | | The $3 million superannuation tax passed the lower house yesterday afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down. The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other ... |
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