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Showing 891 - 900 of 1814 results for "Regulation 2014"

Further raise pension age, says Future Leaders winner

JAMES FERNYHOUGH  |  TUESDAY, 25 NOV 2014
AMP Capital Portfolio Analyst Stephen Flegg has won the 2014 Future Leaders Award, run jointly by the Financial Services Council and Deloitte. This year, competitors were asked to prepare presentations on one of four hot topics: MySuper and competition ...

Grandfathering set to become next advice battlefield

LAURA MILLAN  |  FRIDAY, 21 NOV 2014
Advice associations will make grandfathering a priority in their conversations with government and opposition to address the sudden disallowance of the government's changes to the Future of Financial Advice (FoFA) legislation. "We are quite confident ...

ASIC to scrutinise intra-fund advice

JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
Superannuation funds can expect a higher level of scrutiny of their intra-fund advice operations over the coming year, according to Australian Securities and Investments Commission (ASIC) deputy chairman Peter Kell. Kell said the regulator's increased ...

Super funds must justify not merging: APRA

JAMES FERNYHOUGH  |  MONDAY, 17 NOV 2014
Superannuation funds that decide not to consolidate must justify their decision to the Australian Prudential Regulation Authority (APRA) over the next year, according to APRA member Helen Rowell. Rowell said super funds need to question their own viability ...

Sally Loane new CEO of the Financial Services Council

STAFF WRITER  |  TUESDAY, 11 NOV 2014
Former journalist Sally Loane has been appointed chief executive officer of the Financial Services Council (FSC) effective 8 December to replace the outgoing current chief executive John Brogden. Brogden is leaving to take up the role of chief executive ...

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 ...