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Showing 1 - 10 of 2286 results for "Industry fund"

Super Consumers appoints former regulator as chair

RIDDHIMA TALWANI  |  WEDNESDAY, 22 JUL 2026
... consultative committee at Australian Financial Security Authority (AFSA), the chair of the Financial Counselling Industry Fund, chair of the consumer advisory panel at Australian Financial Complaints Authority (AFCA) as well as chair of the consumer ...

Fight between SMC and FSC on super rages on

RIDDHIMA TALWANI  |  WEDNESDAY, 22 JUL 2026
The Super Members Council (SMC) has called out the Financial Services Council (FSC) on making selective claims about performance and costs of 'platform' super funds compared with performance-tested mainstream MySuper funds. A latest research by FSC ...

Rest calls for better alignment in default options

MATTHEW WAI  |  TUESDAY, 21 JUL 2026
... addressing concerns around the ambiguity of standardised investment options and product labels. As a result, the industry fund is now calling for the government to strengthen alignment within the industry. The survey collected responses from some 1450 ...

FAAA warns adviser levies could exceed $5k as ASIC costs climb

VINNY VUCAGO  |  FRIDAY, 17 JUL 2026
Financial advisers could face more than $5000 in combined regulatory levies this financial year, with the Financial Advice Association Australia ( FAAA ) warning rising ASIC and Compensation Scheme of Last Resort (CSLR) cost are placing unsustainable ...

NAB-owned WealthHub cops $1m ASIC fine

VINNY VUCAGO  |  WEDNESDAY, 15 JUL 2026
NAB-owned online broker WealthHub Securities has been hit with a $1.055 million penalty after ASIC found it failed to accurately report regulatory data more than 9.5 million times over a decade. ASIC said he reporting failures undermined the corporate ...

ASIC levy estimates jump 19% as regulator ramps up funding

VINNY VUCAGO  |  MONDAY, 13 JUL 2026
ASIC has lifted its estimated industry funding levy by almost 20% for 2025-26, with regulated entities expected to shoulder $400.5 million in regulatory costs as the corporate watchdog expands its supervision and enforcement activities. The regulator's ...

HESTA executive jumps ship to Cbus

VINNY VUCAGO  |  WEDNESDAY, 8 JUL 2026
... responsibilities for member engagement, education advice and employer partnerships. Parisotto will leave the $95 billion industry fund in October to join CBUS as chief member officer, marking another senior executive move between Australia's major ...

Super system to hit $12.4tn by 2045

VINNY VUCAGO  |  TUESDAY, 30 JUN 2026
Australia's superannuation system is forecast to triple in size over the next two decades reaching $12.4 trillion by 2045, as sustainable retirement outcomes become the sector's defining challenge. According to the latest edition of Deloitte's Dynamics ...

BUSSQ beefs up cyber security oversight

MATTHEW WAI  |  FRIDAY, 26 JUN 2026
The Queensland industry fund has welcomed a cyber security expert to its board of trustees, bolstering its oversight on heightened cyber security risk. Matthew Rowan has joined the board as a director; he has been an expert committee member since August ...

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter. Newly released APRA statistics show MySuper's assets under management (AUM) reached $1.16 trillion, while Choice products ...
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