Banking Royal Commission turns attention to superannuation

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has started public hearings into superannuation.

Superannuation hearings – Day Ten: regulators and policy

In the final day of the Royal Commission superannuation hearings we are set

ASIC takes aim at super sector ahead of Royal Commission hearings

The Banking Royal Commission has commenced hearings into superannuation.

The Chair of ASIC has taken aim at the financial services industry, in particular superannuation, weeks out from when the regulator will appear before the Banking Royal Commission. Read more...

Banking Royal Commission announces superannuation hearing topics

The Banking Royal Commission has commenced hearings into superannuation.

The Banking Royal Commission has announced the superannuation topics and entities set to appear in the next round of hearings. Read more...

Superannuation investors say AMP resignations only first step needed

The Banking Royal Commission has commenced hearings into superannuation.

The Australian Council of Superannuation Investors (ACSI) has welcomed the resignation of AMP Chair Catherine Brenner, as a “belated gesture of board accountability” following revelations at the banking Royal Commission,

Improperly witnessing binding nominations was common practice at NAB

The Banking Royal Commission has commenced hearings into superannuation.

Improperly witnessing superannuation binding nominations was a common practice amongst NAB staff, potentially leaving the documents invalid, the banking Royal Commission has heard. Read more...

Rolling over to SMSF would have cost client $500,000

The Banking Royal Commission has commenced hearings into superannuation.

The banking Royal Commission has heard how advice to rollover superannuation to an SMSF would have cost a client around half a million dollars if they hadn’t noticed the issue themselves.

More bad SMSF borrowing advice revealed at Royal Commission

The Banking Royal Commission has commenced hearings into superannuation.

The banking Royal Commission has heard of more bad superannuation advice, including around borrowing to buy property using SMSFs. Read more...

ACTU calls on industry super funds to reconsider relationship with banks

The Banking Royal Commission has commenced hearings into superannuation.

The Australian Council of Trade Unions has called on industry super funds – which include union representatives – to reconsider their relationships with the banks in light of the behaviour uncovered

Government struggling to justify not setting up Royal Commission sooner

The Banking Royal Commission has commenced hearings into superannuation.

Senior members of the Government continue to struggle to justify their previous opposition to a banking Royal Commission in light of the revelations at before the Hayne Royal Commission. Read

Banking Royal Commission funding coming from enforcement budget

The Banking Royal Commission has commenced hearings into superannuation.

Funding for the banking Royal Commission has been taken the budget for enforcement, a senior Government Minister has revealed. Read more...