Friday, August 17, 2018

AMP trustee admits 'it's not a perfect system'

Commissioner Kenneth Hayne has questioned whether the trustee overseeing AMP’s various super funds can fulfil its obligations to members.

ANZ flouted own, regulator’s warnings on coupling products

Back in 2011, ANZ had identified an “extreme” risk in using its retail network to sell wealth products, yet the practice continued.

Royal commission shines light on super's 'internal workings'

QMV superannuation lawyer Jonathan Steffanoni says the sector should take away a heightened awareness of the nature of its responsibilities.

Hayne grills Catholic Super over failed merger

Details of a scuttled tie-up of Catholic funds and conflicts of interest at CSF emerged during the latest hearings of the Hayne inquiry.

CFS misled members after MySuper transfer bungle

Colonial First State executive Linda Elkins admits the organisation wrote misleading communications to its members.

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