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Showing 1 - 10 of 100+ results for "APRA"

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... seeking to sue more of, and the biggest beneficiaries are industry super who are all offering intra-fund advice that ASIC and APRA refuse to regulate..." Synchron's Harrison responded: "Correct." Previously, the impact of industry reforms was also ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
Tidswell has surrendered its RSE licence to APRA, as it agrees to ASIC's allegations it contravened the Corporations Act in its work for startup super fund MobiSuper. In N ovember 2019, ASIC filed a case against MobiSuper, Andrew Richard Grover ...

Superhero launches super offering

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 JUL 2021
... over their super investments without the need to establish an SMSF. Superhero Super is offered under OneSuper, which is an APRA-regulated public offer fund. Superhero's trustee is Diversa Trustees Limited and Iress-owned OneVue Holdings Limited. ...

Super fund chair outlines future strategy

JAMIE WILLIAMSON  |  TUESDAY, 27 JUL 2021
Catholic Super and Equipsuper's Danny Casey has told Financial Standard of the funds' increased commitment to ESG and plans to double membership, as he settles into the role of chair. Speaking with Financial Standard just weeks after taking ...

Get your ducks in a row before you think of an IPO

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
... action may be a deal breaker to going public, according to HLB Mann Judd partner Marcus Ohm. Ohm says an undertaking with APRA or ASIC can preclude a wealth, funds management or insurance business from listing. "It would depend on the nature of the particular ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... has applied to banks since July 2018. In February 2019, the Hayne Royal Commission recommended extending BEAR to include APRA-regulated entities including superannuation funds and insurers, following which the Treasury conducted a consultation in January ...

UniSuper's O'Sullivan on what's next

KANIKA SOOD  |  MONDAY, 19 JUL 2021
Two months out from his last day at UniSuper, chief executive Kevin O'Sullivan talks to Financial Standard about his eight years at the fund, going public offer and staying away from mergers. O'Sullivan arrived at UniSuper in 2013, after a career ...

Legalsuper adds to board

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUL 2021
... and 2015, is a past chair of the Victorian Bar Audit and Finance Committee and has acted on behalf of ASIC, the ACCC and APRA in the past. Described as a distinguished legal practitioner, Peters' appointment continues the important link between the fund ...

Be ready for negative rates: APRA to ADIs

JAMIE WILLIAMSON  |  MONDAY, 12 JUL 2021
Despite the Reserve Bank of Australia being confident it's unlikely interest rates will enter negative territory, APRA is consulting on ADI's preparedness for such an event. Saying the regulator's standpoint does not preclude the possibility of zero ...

Hostplus deal doesn't rule out a merger: Maritime

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... be in place from May 1. The arrangement was questioned by Liberal senator Andrew Bragg as a "quasi-merger" in a letter to APRA. "All we've done is buy units into the Hostplus pooled superannuation trust or PST -- in the same way we would buy units ...
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