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Regulatory

Treasury proposes higher regulatory levies for super funds

ALEX BURKE  |  THURSDAY, 21 MAY 2015
The Treasury has issued its proposed regulatory levies for 2015/16.

Australia's super pool now more than $2 trillion

DARREN SNYDER  |  THURSDAY, 21 MAY 2015
Australia's total superannuation assets grew by 3.6% in the first quarter of 2015, now standing at more than $2 trillion, official data shows.

Plan sponsors have fiduciary obligations: SCOTUS

ALEX DUNNIN  |  THURSDAY, 21 MAY 2015
In a case that is expected to send shock waves through the US workplace superannuation market, the US Supreme Court has agreed that 401(k) sponsors have a fiduciary obligation to not just monitor their funds but remove underperforming or excessively ...

ASIC bans convicted broker

MARK SMITH  |  WEDNESDAY, 20 MAY 2015
ASIC has banned a mortgage broker from engaging in credit activities and from providing financial services for 10 years following her conviction for loan fraud.

APRA releases super performance profiles

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
The Australian Prudential Regulation Authority (APRA) said it will continue to ensure confidential information of superannuation institutions cannot be derived from the regulator's published statistics.

Treasury to simplify foreign investment framework

ALEX BURKE  |  WEDNESDAY, 20 MAY 2015
The Treasury is now accepting submissions from "interested parties" as to how to "modernise" and strengthen the integrity of Australia's foreign investment framework.

FSC backs Commission on choice of super funds

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
The Financial Services Council (FSC) is backing the Royal Commission into Trade Union Governance and Corruption to remove laws that deny employees a choice of superannuation fund.

Royal Commission looks at choice of super funds

DARREN SNYDER  |  TUESDAY, 19 MAY 2015
The Royal Commission into Trade Union Governance and Corruption is seeking submissions to answer why laws denying employees a choice of superannuation fund should not be repealed.

Life insurer premiums up amid group policy concerns

ALEX BURKE  |  TUESDAY, 19 MAY 2015
APRA has issued the Quarterly Life Insurance Performance Statistics report for the March 2015 quarter, showing net life insurer premiums are at $61.8 billion for the year to 31 March 2015, up from $50 billion in the previous year.

New SIV rules target smaller companies boost

DARREN SNYDER  |  MONDAY, 18 MAY 2015
From July new Significant Investor Visa (SIV) applicants must invest a minimum of $5 million across three complying arrangements after new rules were formally announced by the federal government.