Apra’s bid to ban IOOF bosses from superannuation industry thrown out

Regulator had accused executives of failing to act in best interests of members

A federal court judge has thrown out a bid by the prudential regulator to ban from the superannuation industry the former chief executive of IOOF Chris Kelaher and other executives of the embattled financial group.

In a move that will alarm regulators, Jayne Jagot also said she did not accept that reserves set aside by super funds to deal with operational risks were “member’s money”.

Continue reading...

from World news | The Guardian https://ift.tt/2V3Zd3n

Comments

Chinese Police Officers Have Raided Mosques In A New Crackdown On Religion

The raids are the latest in a Chinese move against unregistered religious institutions. View Entire Post › from BuzzFeed News http://bit.ly/2EWZdvU

Document, mobilise, amplify: The media activists in Rio's favelas

Community-based media collectives are pushing an alternative, re-humanising narrative about Rio de Janeiro's favelas. from Al Jazeera English https://ift.tt/2Qnyv6T

UN welcomes Houthi offer to halt attacks on Saudi Arabia

UN envoy says Houthi call for a halt to strikes from warring sides could bring an end to years of bloody conflict. from Al Jazeera English https://ift.tt/353ay88

News 86 - 86% News from around the Globe

Search This Blog