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Australian Prudential Regulation Authority

BUSSQ requests court review of APRA-imposed conditions

Yasmine Raso 23 August 2024 One Comment

Just one week after it had additional licence conditions imposed by APRA, BUSSQ has applied to the Federal Court to have the decision reviewed.

Rejection

Insignia acknowledges discarding low fee clients

Mike Taylor 23 August 2024 6 Comments

Insignia has acknowledged discarding low fee clients as it seeks to drive financial advice returns higher from its salaried advisers.

Chess stalemate

Coalition claims Govt stymie on CFMEU/Cbus

Mike Taylor 23 August 2024 One Comment

The Federal Opposition believes it is being deliberately stymied by the Government in its attempts to prove the CFMEU and Cbus.

Super gender gap

Govt introduces parental leave super legislation to Parliament

Yasmine Raso 23 August 2024 No Comments

The Federal Government has fulfilled its promise to improve retirement outcomes with legislation to pay super on paid parental leave.

Trophy with blue background and lights

IMAP recognises nine winners at 2024 Managed Accounts Awards

Yasmine Raso 23 August 2024 No Comments

IMAP has announced the winners of its 2024 Managed Accounts Awards at a presentation ceremony in Sydney last night.

Recruitment

Centrepoint claims leadership on adviser recruitment

Mike Taylor 23 August 2024 No Comments

Centrepoint Alliance has claimed leadership in financial adviser recruitment with 549 authorised representatives and 38 FY new recruits.

Regulatory compliance

MUFG deploys new regtech to support super funds’ APRA compliance

Patrick Buncsi 23 August 2024 No Comments

MUFG Retirement Solutions has confirmed it will integrate a new APRA-specialised data compliance platform built by regtech developer Nuj

EQT reaps benefits of AET acquisition

Mike Taylor 23 August 2024 No Comments

Equity Trustees has posted a solid full-year result reflecting the benefits of its 2022 acquisition of AET.

Loss turns to profit

Insignia pauses dividends

Mike Taylor 22 August 2024 No Comments

Insignia Financial has booked a net loss after tax of $185.3 million prompting it to pause dividend payments.

Hand moves 2024./5 blocks

ASIC targets $408m in fees and levies

Mike Taylor 22 August 2024 8 Comments

ASIC has confirmed the level of its reliance on fees and levies via the industry funding model with the bill flagged to reach $408 million.

Elderly couple in retirement maze

APRA roundtable confirms importance of financial advice

Mike Taylor 22 August 2024 3 Comments

The development of default longevity retirement products together with financial advice have been identified as keys by an APRA roundtable.