More pain for banks as APRA overhauls related entity standard

The Australian Prudential Regulation Authority has conceded that its revised related entities standard may create difficulties for banks and other authorised deposit-taking institutions (ADIs). Prudential standard APS 222, Associations with Related Entities,…

People: board renewal at IOOF

Former ING Direct chief executive Vaughn Richtor has been appointed as a director of MyState Ltd. Richtor has extensive experience in banking, and following his role at ING Direct was chief executive…

Developing a Trumptweet investment strategy

On August 1, President Trump sent four tweets about China. With tweet three, which talked about additional tariffs on US$300 billion of goods exported from China to the US, Trump rocked markets…

Retirement income estimates have a ‘remarkable’ impact

The inclusion of estimates of lump sums and income streams at retirement in super fund member statements can have a significant impact on member behaviour, new research has found. Until recently, most…

Tough times in the comparison site market

After his first full year running comparison site company iSelect, chief executive Brodie Arnhold said the company had “stablilised” in 2018/19, after some difficult times. Stable maybe, but still in the red.…

TPB cracks the whip

The Tax Practitioners Board has stepped up its investigations into tax agents suspected of high-risk behaviour and it has terminated a number of registrations in recent months. In July the TPB reported…

Today’s Best Videos 

Twitter chief’s advice to advisors: get with it

Financial planners ignore social media at their peril, a leading industry executive has warned delegates at this week’s SMSF Association national conference…

New opportunities for planners in Government review

Financial planners and advisers will have a big opportunity to expand the range of services they offer if the Government makes good on its promise to implement the recommendations of last year’s Competition Policy Review…

Advice industry should drive professional standards: Slattery

The head of one of Australia’s leading financial services industry bodies has challenged financial planners to take the lead in developing greater professionalism in their sector, rather than leave it to government regulation…

Platform evolution – about to be a revolution thanks to technology and consumer needs

The well-worn expression ‘The more things change the more they stay the same’ seems very apt when thinking about the platform industry in Australia.

Behind the Chinese milk investment boom

When demand for a particular commodity far outstrips the capacity for domestic supply, with foreign producers stepping in to fill the gap, there is certain to be a boom for the native industry intent on modernisation and output growth. ..

Appointments. Perpetual’s new RE boss, IRESS expands, CFA council…

Perpetual Corporate Trust has appointed Hugh Treweeke as head of responsible entity services. Treweeke has held senior positions at Wellington International, RBC Dexia and most recently State Street, where he was client relationship manager for the past three years..

New standard helps decluttering of financial statements

The global push to simplify financial statements is gathering momentum, and those preparing accounts should take the opportunity to conduct their own “decluttering” process. A new international standard will help…