Superannuation funds may get even more time to warn members about the default insurance changes and implement the new rules if parliament adopts the recommendations of the Senate Economics Legislation Committee report.
The reviewers said both APRA’s internal culture and regulatory approach needed to change, and while the regulator accepted all 19 recommendations, at least one of them is on shaky ground.
The latest International Monetary Fund report warns regulators to prepare a complex web of rules to support innovators, consumers and banks as digital monies nudge hard cash out of our wallets.
AFCA has awarded A$83 million in reparations in its first six months of operation and demand is growing every month as the financial complaints body seeks to address systemic issues.
The findings of a new ASIC report into the selling of consumer credit insurance by major banks and lenders will lead to enforcement action and a ban on unsolicited phone calls.
Rainmaker Information's inaugural RMetrics MySuper report argues it is time to develop a new conversation around risk-adjusted returns for MySuper products.
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