Super funds to face tough new accountability regime
An Australian version of the UK’s BEAR scheme – as commissioner Kenneth Hayne has recommended – would put executives on notice.
Trustees urged to reduce conflicts, lift game
Trustees will be forced to lift their game and their roles will be restricted to avoid conflict under Hayne’s recommendations.
Government to ‘take action’ on all 76 Hayne recommendations
Treasurer Josh Frydenberg admits time is tight for legislative change, but wants new super fund members to have one fund for life.
Super funds bosses to get BEAR treatment
Hayne said fund trustees and insurers should be accountable in the same way banks bosses are under BEAR.
Hayne backs ‘one default account’ for new members
A single “default” super account should be mandated for Aussie workers according to Commissioner Kenneth Hayne.
Hayne orders about-face on OSAs
The ongoing service agreements that underpin most advice remuneration models are set to change dramatically .
‘This cannot continue’: Hayne dresses down advice
Commissioner Kenneth Hayne has stopped short of recommending advice be pulled from the country’s largest financial institutions.
O’Neil calls out super system myopia
The calls for greater income security and a shift away from the industry’s focus on accumulation are getting louder, the shadow minister told a conference
Cooper: The super industry is over-reviewed
The architect of a past super industry inquiry says another isn’t necessary
Phil’s story: When old injuries lead to new opportunities
Changing careers can be daunting at the best of times, not least when you’re trying to recover from an injury. Yet, as Phil’s story shows, reskilling to a new trade can often provide a way forward. While a road accident at the age of 17 had left him with a serious leg injury, Phil’s real … Read more
Be ready for lower infrastructure returns: First Super
Populism is forcing regulatory shifts that will raise costs for the infrastructure assets super funds hold, First Super CEO Bill Watson says
Will Hayne break up the banks?
As the release of the royal commission’s final report approaches, industry experts ponder the fate of vertical integration and retail funds.
