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|Showing 1 - 10 of 100+ results for "Royal Commission"|
|... is still significant regulatory change this year with the finalisation of FASEA deadlines, implementation of Royal Commission recommendations, changes to the super system, as well as dealing with the current pandemic and outcomes of the economic environment ...|
|The aged care sector is set for a major boost to address problems raised in the Royal Commission and prepare for the coming wave of aging retirees. Aged care expenditure will increase 7% during 2021-22 to $24.3 billion and by 37% over the next four ...|
|... the regulator found concerns it was not always considering members' best interests as the highest priority. The Royal Commission formed the view that NULIS' decisions in regard to moving certain groups of members into MySuper products, grandfathering ...|
|... institutions abandoning life insurance and superannuation. Suncorp Portfolio Services landed in hot water at the banking Royal Commission for a number of issues that included withholding tax benefits from members, not being transparent about intra-company ...|
|... claims handling, following a submission outlining issues. The government passed Financial Sector Reform (Hayne Royal Commission Response) Act 2020 in December 2020 and required AFSLs to include an authorisation to assist with insurance claims. However ...|
|... "Australia needs to be innovative in how it supports people as our society rapidly ages," Burkitt said. The recent Royal Commission in the aged care system handed down a whopping 148 recommendations after uncovering systemic problems in the system that ...|
|The financial adviser population has reverted to the pre-financial services Royal Commission days, ending at 20,667 in the first quarter of 2021. Rainmaker analysis of ASIC's Financial Adviser Register found that the total number of financial advisers ...|
|... draft guidance is based on reforms made to the breach reporting regime under the F inancial Sector Reform (Hayne Royal Commission Response) Act 2020 and expand and clarifies the types of situations that must be reported to ASIC. The reforms, which are ...|
|... work and save time for stakeholders by eliminating consultation times and submissions. In early 2019, the Hayne Royal Commission recommended a review into the quality of advice in three years' time that should be conducted by ASIC. The review should ...|
|... representatives failed to comply with the Stronger Super reforms. This instance was cited as a case study in the Royal Commission. Under the reforms, a member's accrued default amounts of super were to be transferred to a MySuper option by 1 July 2017 ...|
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Macquarie Securities Australia (MSA) has copped a $126,000 fine for breaching market integrity rules, making this its fifth infringement in the last six years.
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IOOF has handed a $23 billion index investing mandate to a global investment manager following Vanguard's decision to stop managing passive strategies for other institutions.
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Addressing the annual Conference of Major Superannuation Funds, the Prince of Wales has asked Australia's super funds to get involved in his Sustainable Markets Initiative.
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Nearly seven in 10 Australians who dipped into their superannuation during COVID-19 are concerned the decision has made them less financially secure, according to a poll from the Australian Institute of Superannuation Trustees.
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