APRA announces proposed updates to SPS 515
APRA is updating Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) to drive better outcomes for superannuation members in areas such as trustee expenditure of member funds, management of financial resources, and the transfer of members in and out of funds.
September 21, 2023
HESTA welcomes Victoria’s 2024-34 Housing Statement
Industry super fund HESTA has welcomed the Victorian Government’s 2024-34 statement on housing and the partnership approach to foster the conditions necessary to stimulate investment and expedite the construction of high-quality homes.
September 21, 2023
Global housing resilient amid inflation surge: UBS Report
The world’s housing markets have displayed remarkable resilience in the face of a global surge in inflation and interest rates, according to the UBS ‘Global Real Estate Bubble Index 2023’.
September 21, 2023
ASIC sues crypto exchange Kraken for DDO failures
ASIC has commenced civil penalty proceedings in the Federal Court against Bit Trade, the provider of the Kraken cryptocurrency exchange to Australian customers.
September 21, 2023
MLC Life launches adviser discounts
MLC Life Insurance has launched a campaign called “It’s not a miscount” to promote its new business pricing, including discounts that are available to retail customers through their adviser.
September 21, 2023
New adviser registration requirement delayed to 2024
ASIC is extending the date by which financial advisers must be registered to 1 February 2024, due to the relevant legislation being stalled in Parliament.
September 20, 2023
Interactive Brokers pays $832k penalty for ‘negligent’ and ‘reckless’ conduct
Interactive Brokers Australia has paid a penalty of $832,500 to comply with an infringement notice from the Market Disciplinary Panel.
September 20, 2023
iFactFind and Voyant integrate services
Fintech start-up iFactFind and global financial planning technology company Voyant have integrated their tech services to facilitate client data transfer, enhance connectivity, and drive business efficiencies.
September 20, 2023
LFG enters pilot partnership with Risk Hub
Loyalty Financial Group has entered a pilot partnership with Risk Hub, inviting advisers within the Loyalty network to share their experiences and challenges in integrating risk advice.
September 19, 2023
Tensions hinder progress in financial services: Research
Persistent tensions between legal/compliance and marketing teams are hampering progress in the financial services sector, according to a survey from compliance software producer Red Marker.
September 19, 2023
ISA, AIST merged association announces name change
The merged Australian Institute of Superannuation Trustees and Industry Super Australia will be named the Super Members Council of Australia.
September 19, 2023
Scientific Beta advocates 7pc decarbonisation push
Investment service Scientific Beta is advocating the seven per cent decarbonisation commitment and divestment pressure on large emitters to meet the emission goals for 2050.
September 19, 2023
