Policy and Regulation

Policy and Regulation

ASIC makes product design a priority

ASIC superannuation executive leader, Jane Eccleston warned superannuation trustees to step up efforts to understand, measure and deliver good outcomes for members.

Elizabeth FryFebruary 12, 2020

Policy and Regulation

APRA will struggle to include Choice super products in heatmap

There is skepticism that the prudential regulator will succeed in benchmarking the performance of Choice products, particularly as it is struggling to collect meaningful and comparable data across the 90 or so MySuper products.

Eva ScheerlinckFebruary 5, 2020

Policy and Regulation

ASIC cements position as top conduct cop

The corporate watchdog has shored up its position as Australia’s top conduct cop in superannuation, with increased powers to tackle misconduct in a toughening regulatory environment.

Elizabeth FryJanuary 31, 2020

Helen Rowell, APRA deputy chairman

Policy and Regulation

Rowell: Don’t wait for APRA to come knocking

The prudential regulator has warned trustees of superannuation funds that flashed red or amber on its controversial MySuper heat maps late last year that they should act now to improve performance and reduce fees.

Sarah JonesJanuary 30, 2020

Policy and Regulation

Canberra hits out at super fund ‘complacency and inertia’

Assistant Minister for Superannuation Jane Hume has slammed the $2.9 trillion superannuation industry for its "complacency and inertia,” saying poorly-performing funds have “no place to hide” and that small funds should consider merging.

Elizabeth FryJanuary 29, 2020

Policy and Regulation

Michael Rice receives Order of Australia

Michael Rice has been made an Officer of the Order of Australia in Sunday’s Australia Day honours. He was recognised for his “distinguished service to business and economics, particularly to the actuarial profession, and through advisory roles."

Elizabeth FryJanuary 28, 2020

Policy and Regulation

ASIC inches closer to phone tapping advisers

A Bill presented late last year granting the regulator increased powers to intercept phone calls is waiting on amendments before it goes before the house and senate.

Tahn SharpeJanuary 24, 2020

Policy and Regulation

ANU weighs increase to super guarantee

An increase in the SG to 12 per cent is only justified if it helps replace the age pension as more retirees become self funded or it helps members to self-insure against risk, a report shows.

Elizabeth FryJanuary 15, 2020

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