... relationship between a registrable superannuation entity (RSE) and a beneficiary of the RSE is governed by the Superannuation Industry (Supervision) Act 1993 (SIS Act) and general trust law, pursuant to the relevant governing rules. Nevertheless, it ... Read more

... regulatory reform coming out of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry; and the unfair contracts (UCT) regime, which came into force on 5 April 2021 and has required insurers to rethink contract ... Read more

... regime was introduced following the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, which detailed the consumer harm caused by a range of product governance and sales practice failures across the industry. ... Read more

... legislate their way to a solution and have created something of a regulatory heatwave rolling through the superannuation industry. While changes so far have been manageable, more complex and inconsistent changes are on the horizon, along with economic ... Read more

... Leading a small super fund isn't for the faint of heart, resources are limited, leaving little room for error, Meat Industry Employees Superannuation Fund (MIESF) chief executive Katherine Kaspar says. "Essentially, every decision to do something ... Read more

... years, backed by capital from institutional investors and the superannuation sector. The fundamental issue here is that industry super funds have a duty to act in the best financial interests of their clients. Investment in affordable housing projects ... Read more

... talk about the AFL and you are likely to be met with blank looks. Until recently, I would have put the superannuation industry on that list, too. Australia's A$3.4 trillion (US$2.24 trillion) of retirement savings represent the world's fourth-biggest ... Read more

... individuals and households in this young, high earning bracket was to continue building their super balances in retail or industry funds, until they hit the magic half-million-dollar mark.[3] It's a stance some industry bodies and financial services ... Read more

... case generative AI applications that could fix a few long-standing problems close to home in our own wealth management industry. Some easy ones that spring to mind concern how Australia's superannuation system is bogged down with black-letter-law ... Read more

... Analysis Centre (AUSTRAC), recently highlighted that there was a renewed focus in 2022 on the superannuation and wealth industry which further compounds the challenging regulatory environment in the sector. In this paper, Deloitte considers five key ... Read more