First State Super needs to manage conflicts like many of its peers that also own advice, not to mention potential governance issues that may arise from investing in a business that also provides services to members. FSS CEO Deanne Stewart addresses both topics.
Matthew SmithJuly 2, 2020
Kenneth Hayne may have taken umbrage with the mere existence of BoLRs, but it will be the fairness of the changes AMP made to the valuation terms that MP Deborah O’Neill will ask ASIC to consider at a parliamentary hearing in July.
Matthew SmithJune 29, 2020
The prudential regulator has asked superannuation funds to provide monthly and quarterly data to help them understand the impact COVID-19 has had on the sector.
Tahn SharpeJune 24, 2020
ASIC's case against CBA and CFS Investments filed in the Federal Court on Tuesday is based on Kenneth Hayne's assessment of a fee arrangement he deemed to be conflicted even though it didn't directly incentivise recommendations.
Matthew SmithJune 23, 2020
The Bill granting advisers extensions to the education requirement time frames set out by FASEA were passed in the Senate on Wednesday following some revealing debate in both the House of Reps and the Senate about the statutory body's challenging 18 months.
Matthew SmithJune 17, 2020