JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018   12:32PM
IOOF is questioning the Productivity Commission's recommendation for a "best in show" superannuation fund shortlist, saying it is akin to providing financial advice.
More news
Socio-economics dictate insurance needs of young Aussies: Insurer
JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
One of Australia's largest group insurers believes it should be up to individual superannuation fund trustees to determine the minimum age for providing automatic default life insurance cover.
Government mulls reforms to tax residency rules
JAMIE WILLIAMSON  |  THURSDAY, 12 JUL 2018
The Federal Government is considering an overhaul of the rules governing residency for tax purposes in Australia, recommending a person's residency be defined by the number of days they spend in the country in a 12-month period.
APRA tells banks to prepare for financial storm clouds
HARRISON WORLEY  |  THURSDAY, 12 JUL 2018
The chairman of Australia's prudential regulator wants banks to take advantage of a relatively good climate and build financial resilience before storm clouds form.
CBA should have done more: Federal Court
HARRISON WORLEY  |  WEDNESDAY, 11 JUL 2018
The Federal Court judge who slapped the Commonwealth Bank with a $5 million pecuniary penalty over its role in setting the bank bill swap rate said the bank should have better supervised its staff.
Super funds countdown to Royal Commission
KARREN VERGARA  |  MONDAY, 9 JUL 2018
Superannuation funds called up to the financial services Royal Commission now have less than four weeks to prepare, as the fifth round commences on August 6 in Melbourne.
CBA, ANZ told to clean up superannuation distribution
KANIKA SOOD  |  FRIDAY, 6 JUL 2018
An ASIC investigation alleges Commonwealth Bank and ANZ branches offered superannuation products to customers at the end of general fact-finding processes, which the customers may have mistaken as "personal" advice rather than "general" advice.
Phone life insurance sales 'hawking' customers: Royal Commission
KARREN VERGARA  |  FRIDAY, 6 JUL 2018
The financial services Royal Commission exposed more boiler room sales tactics of call centre staff selling life insurance which drove poor behaviour and a sales-driven culture, and effectively breached anti-hawking provisions.
ASIC takes financial planner to court
KANIKA SOOD  |  TUESDAY, 3 JUL 2018
ASIC is taking a Queensland-based financial planner to the Supreme Court, after his licensee reported him to the corporate regulator.
Cash is cash, APRA tells super funds
KANIKA SOOD  |  MONDAY, 2 JUL 2018
The prudential regulator has chided superannuation funds for investing members' funds held in cash options into non-cash securities like bonds and hybrid debt instruments among others.
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