Industry has been left out of the conception of the latest performance test, described by APRA's deputy chair Helen Rowell on Monday as one of the major changes foreshadowed in the Federal Budget which is aligned with the prudential regulator's agenda.
Industry bodies have given mixed reactions to the Assistant Treasurer’s issuing of a consultation paper which is seeking stakeholders’ views on changing the financing of the Australian Securities and Investments Commission (ASIC) to an industry funding model. The new model would be based on the Government’s Cost Recovery Guidelines where the cost of regulation would […]
The Government has appointed Helen Davis as the Superannuation Complaints Tribunal’s (SCT) full-time chair for a period of five years. Davis set up her own superannuation consultancy firm in 2013 and held a number of senior roles at QSuper from 2008 to 2012 including chief strategy officer and chief officer, member outcomes. Prior to this […]
Funds that don’t look beyond the Financial System Inquiry (FSI) will fail to create successful post-retirement products believes FSI committee member Professor Kevin Davis. The design of products not only needs to take changes to regulation into account – as yet an unknown variable – but the whole of life after retirement, according to Davis. […]