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Regulatory

Industry funds embrace board independence

LAURA MILLAN  |  MONDAY, 13 JUL 2015
Top industry funds have embraced the proposal to introduce a third of independent directors to their boards and see it as an opportunity to add skills and improve governance.

Banks need to increase capital ratios: APRA

DARREN SNYDER  |  MONDAY, 13 JUL 2015
APRA study says Australian banks are well-capitalised but not in the top quartile of international peers.

Queensland director banned for two years

DARREN SNYDER  |  FRIDAY, 10 JUL 2015
ASIC bans director after failure to lodge several financial reports.

Glass-Steagall Act reintroduced to US Senate

ALEX DUNNIN  |  THURSDAY, 9 JUL 2015
The Glass-Steagall Act that used to require US banking groups to separate their traditional activities from their investment management activities has been re-introduced into the US Senate.

LGsuper backs governance changes

DARREN SNYDER  |  THURSDAY, 9 JUL 2015
A public sector fund has weighed in on the super board independence debate.

ASIC bans former risk adviser

ALEX BURKE  |  THURSDAY, 9 JUL 2015
ASIC has banned a life insurance adviser from former Macquarie Group subsidiary Risk Advice Specialists.

Raising Preservation Age could be problematic

DARREN SNYDER  |  WEDNESDAY, 8 JUL 2015
Financial services groups respond to the Productivity Commission report on retirement policy.

GST increase would deliver $42 billion: FSC

DARREN SNYDER  |  MONDAY, 6 JUL 2015
The Financial Services Council (FSC) believes Australia's existing mix of taxation is unsustainable with an ageing population and baby boomers moving out of the workforce.

EOFY means new laws and new products

DARREN SNYDER  |  WEDNESDAY, 1 JUL 2015
The new financial year rings in several legislative changes.

Forward-thinking advisers benefit from opt-in deadline

ALEX BURKE  |  WEDNESDAY, 1 JUL 2015
ASIC's "facilitative approach" to the Future of Financial Advice (FoFA) opt-in and fee disclosure statement requirements ends today, but forward-thinking practices have nothing to worry about.