| | MONDAY, 19 AUG 2019 12:13PMIn ASIC's latest enforcement update, the regulator has made clear it is accelerating enforcement action now that the Office of Enforcement is open for business.|
|The Federal Court has dismissed ASIC's case against Westpac, alleging it breached responsible lending practices for home loans.|
|Super funds and life insurers have two weeks to air their opinions on APRA's proposed amendments to its margin requirements for non-centrally cleared derivatives.|
|Since the end of the Royal Commission, ASIC has been collecting information from platforms on the fees they charge and the financial advisers using them.|
|APRA slapped an additional capital requirement on insurer Allianz after gaps were identified by its governance risk self-assessment.|
|With every review adding more to its plate, APRA chair Wayne Byers has warned against spreading the regulator too thin.|
|The corporate regulator is expecting superannuation trustees to have whistleblower policies in place 1 January 2020.|
|Finclear Execution has paid a penalty of $70,000 for failing to comply with on-market buy-back rules.|
|Pension funds should stop charging flat fees on small and dormant accounts, a report produced by the United Kingdom Work and Pensions Committee recommends.|
|APRA has handed Westpac the maximum financial penalty it can for failing to meet reporting obligations.|
A new superannuation fund hoping to bridge the retirement savings gap will launch with the hope of disrupting the system that has disadvantaged women.
The general manager of superannuation and retirement solutions at a $57 billion industry fund has resigned, with the hunt commencing for a replacement.
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service.
OnePath has moved to enhance the abilities of financial advisers using its OneView Life client management portal.
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