The Government has concluded its consultation process on the proposed amalgamation of existing EDR schemes into one national body – the AFCA. We look at what this means for the financial services sector.
The NSW Parliament has introduced new insurance legislation designed to clarify the rights of claimants to proceed directly against insurance companies. But in the context of insolvent corporations, has it created more problems than it has solved?
ASIC has intervened in relation to 21 superannuation trustees over potential breaches of section 29QB, which requires superannuation funds to disclose Transparency Information on their websites and keep it up to date at all times.
Will new regulations open a whole new world of opportunity for superannuation funds and life insurance companies? By incentivising providers to offer these products, the draft Regulations aim to remove barriers to innovation in retirement income stre