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Showing 881 - 890 of 1799 results for "Regulation 2015"

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... detailed response to the Treasury's 'Review of retirement income stream regulation' discussion paper. TAL said that regulation "should be broadened to enable a wider range of income-stream products to enjoy tax-free or concessional tax status." The company ...

Retail MySuper transition too slow: ISA

STAFF WRITER  |  TUESDAY, 11 NOV 2014
Less than half of retail workplace default account balances have been transferred across into MySuper products, raising concerns the slow retail MySuper transition is costing retail super fund members hundreds of millions of dollars in extra fees. Rainmaker ...

Asteron ends business relations with 134 rogue advisers

LAURA MILLAN  |  FRIDAY, 31 OCT 2014
Asteron Life has stopped distributing its products among 134 rogue advisers last year, executive general manager Jordan Hawke confirmed. "Asteron Life identified 134 advisers last year that actively eroded significant amounts of value out of our business," ...

Wealth division boosts ANZ profit

MARK SMITH  |  FRIDAY, 31 OCT 2014
ANZ has posted a 10% rise in full year cash profit to $7.12 billion, with the bank's wealth division contributing significantly. The bank's overall net profit was up 15% to $7.3 billion. A final dividend of 95 cents per share, fully franked, is up 14% ...

APRA releases group insurance best practice guide

JAMES FERNYHOUGH  |  THURSDAY, 30 OCT 2014
The Australian Prudential Regulation Authority (APRA) has released the final prudential practice guidelines providing guidance on good practices for insurers in relation to group insurance arrangements. The 12-page document, known as LPG 270, gives ...

APRA releases draft RSE fraud management guide

ALEX DUNNIN  |  MONDAY, 27 OCT 2014
The Australian Prudential Regulation Authority (APRA) has just released for consultation a draft prudential practice guide concerning fraud risk management that Registrable Superannuation Entity (RSE) licensees will be expected to follow. In it the ...

AFA to lobby for MySuper opt in arrangement

LAURA MILLAN  |  FRIDAY, 17 OCT 2014
The Association of Financial Advisers (AFA) is concerned that mandatory transfer to default MySuper products could lead to consumers losing their existing insurance arrangements and asked for an opt-in arrangement to MySuper. AFA chief executive Brad ...

Young adults know very little about super

MARK SMITH  |  TUESDAY, 7 OCT 2014
... That's according to a new survey of nearly a thousand 25-34 year olds by the Centre for International Finance and Regulation (CIFR). Most respondents do not check their accounts regularly or change investment options, and only one third read their periodic ...

MyState Financial becomes MyState Bank

MARK SMITH  |  TUESDAY, 7 OCT 2014
Listed banking and wealth management group MyState Limited has changed the name of its Tasmanian-based banking subsidiary, MyState Financial, to MyState Bank, following approval from the Australian Prudential Regulation Authority (APRA). The company ...

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
The release of the first set of MySuper data has fuelled the ongoing stoush between the retail and industry superannuation sectors. The Financial Services Council (FSC) claimed that the figures, released yesterday by the Australian Prudential Regulation  ...