Superannuation
Funds slam PC’s ‘best in show’ double-down
Super industry bodies cite concerns about how top products are selected and restrictions on competition as Productivity Commission tables final report.
Alice UribeJanuary 10, 2019
Alice Uribe
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Super transparency rules to impact advisers
Financial advisers are on notice to understand ASIC’s new fee disclosure regime, so they can advise clients about value-for-money funds and abide by the best-interests duty.
Alice UribeJanuary 9, 2019
Industry
IOOF splits super trustees from funds
IOOF has named a chair and acting chief, and split its super trustee business from its funds management operations as part of a sweeping action plan drawn up with APRA.
Alice UribeDecember 10, 2018
Industry
All eyes on ANZ deal as IOOF top brass face super ban
Since news of the multiple APRA actions on Friday, ANZ said it was “assessing its options” in relation to its October 2017 sale of OnePath Pensions and Investments business to IOOF.
Alice UribeDecember 9, 2018
Superannuation
Robert offers extension on CIPRs but not on reform bill
Assistant Treasurer Stuart Robert wants the super overhaul passed by November’s end but agrees to two extra years and a higher balance threshold for CIPR requirement.
Alice UribeOctober 31, 2018
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ASIC to embed inspectors ‘as early as next week’
The regulator has warned that its new inhouse inspectors will be embedded within the big five within "days and weeks" and that super funds may be next. Alice Uribe writes.
Alice UribeOctober 19, 2018
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Hayne calls out regulators’ lack of action
The commissioner took ASIC and APRA to task for rarely if ever going to court against entities it accused of wrongdoing and often imposing what he deemed inadequate penalties.
Alice UribeSeptember 28, 2018
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More trouble expected for banks in wealth
Analysts are tipping rising compensation costs and sliding share prices for the banks following the Hayne inquiry. The banks’ adviser numbers are already falling.
Alice UribeSeptember 28, 2018