westpac

Regulation

REST and Statewide actions put super industry on notice

ASIC’s new super enforcement and surveillance remit includes a focus on trustee competence and oversight that has led the regulator to investigate a “pocket of trustees” it believes is involved in misconduct, Karen Chester has revealed.

Matthew SmithMarch 10, 2021

Policy and Regulation

ASIC off script with StatePlus action

ASIC's latest action against StatePlus shows the regulator is willing to go after not for profit funds despite the impost civil proceedings and remediation programs could have on member outcomes.

Matthew SmithAugust 24, 2020

Fund Governance

Senate Inquiry: APRA, Westpac and heatmaps

APRA chair Wayne Byres told a parliamentary hearing on Monday that broader enforcement powers have allowed APRA to achieve better results.

Elizabeth FryDecember 2, 2019

People Moves

First State Super hires key executives

First State Super has made two key changes to its leadership team ahead of a merger with VicSuper to create Australia’s second largest profit-to-member super fund, managing $120 billion in retirement savings.

Elizabeth FryOctober 8, 2019

People Moves

TCorp snares CBA’s head of debt markets

TCorp has hired Simon Ling as its general manager of financial markets thus completing an internal overhaul of its financing team.

Elizabeth FryMay 15, 2019

People Moves

AustralianSuper appoints new independent director

The $150 billion AustralianSuper has appointed Don Russell, a former State Super chair, as a new independent director to its board.

Elizabeth FryMay 3, 2019

People Moves

Rest hires digital banker to lead innovation

Rest has appointed Jeremy Hubbard to the role of group executive, innovation and transformation thus completing an internal overhaul of the $50 billion superannuation fund’s management team.

Elizabeth FryApril 17, 2019

Featured Homepage Posts

ASIC targets advice for enforcement testing

The financial advice industry will be a testing ground for the securities regulator’s tough new litigious stance on the country’s largest financial institutions, recent disclosures have revealed.

Matthew SmithMarch 18, 2019

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