Cbus board appointments prompts tough talk from APRA
Superannuation

Cbus board appointments prompts tough talk from APRA

The regulator has raised doubts over whether Cbus has completed the necessary processes under its licence conditions,after the fund said three CFMEU-linked directors had passed a fit and proper persons test and would be appointed to its board.

  • bySumeyya Ilanbey

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Relax lending rules to boost mortgage competition:Bendigo CEO
Home loans

Relax lending rules to boost mortgage competition:Bendigo CEO

Bendigo’s new chief says rules that require banks to test if a customer could handle a 3 percentage point interest rate rise are “not good for competition”.

  • bySumeyya Ilanbey
Aussie super funds racked up $12b in expenses. See how much your fund is spending
Analysis
Superannuation

Aussie super funds racked up $12b in expenses. See how much your fund is spending

Should superannuation funds spend millions of dollars on advertising? What is the financial benefit of sponsoring AFL teams? These are the questions the regulator has been asking.

  • bySumeyya Ilanbey andCraig Butt
‘Not happy with us’:ANZ scrambles to get its house in order amid scandals
Big four

‘Not happy with us’:ANZ scrambles to get its house in order amid scandals

ANZ has been battling to contain the fallout from a suite of scandals in the bank’s institutional division over the past few months.

  • bySumeyya Ilanbey
Should it be easier for the banks to give you a home loan?
Opinion
Home loans

Should it be easier for the banks to give you a home loan?

If a range of sugar-hit policies spur fresh demand leading to higher property prices,ownership could remain beyond the reach of many Australians.

  • byElizabeth Knight
Private hospitals suspending ‘unprofitable’ surgeries as stoush with insurers deepens
Exclusive
Healthcare

Private hospitals suspending ‘unprofitable’ surgeries as stoush with insurers deepens

One surgeon said many private hospitals were cutting theatre lists for plastic,breast and maxillofacial surgeons.

  • bySumeyya Ilanbey andHenrietta Cook
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APRA goes loco on CoCo,sounding the death knell for bank hybrids
Opinion
Bonds

APRA goes loco on CoCo,sounding the death knell for bank hybrids

The financial regulator is planning to phase out a form of bank capital that has proven wildly popular with Australian retail investors.

  • byStephen Bartholomeusz
CFMEU official misused position to slug super fund with fees,APRA claims
Exclusive
Superannuation

CFMEU official misused position to slug super fund with fees,APRA claims

Documents reveal the detailed allegations made against Michael O’Connor by the regulator,which is seeking to remove the union boss from the board of First Super.

  • bySumeyya Ilanbey
Westpac whistleblower ‘bullied’ after raising suspected criminal activity complaints at RAMS
Big four

Westpac whistleblower ‘bullied’ after raising suspected criminal activity complaints at RAMS

A Westpac whistleblower has said she was bullied after making internal complaints about suspected criminal activity at the bank’s RAMS Home Loans mortgage broking subsidiary.

  • bySumeyya Ilanbey
Why this booming,opaque corner of finance has watchdogs worried
Opinion
World markets

Why this booming,opaque corner of finance has watchdogs worried

This $US2 trillion market is in the sights of regulators,and many of us are indirectly exposed to its risks through superannuation.

  • byClancy Yeates
‘I see scars’:Mel’s long and costly battle to restore her breasts – and identity
Healthcare

‘I see scars’:Mel’s long and costly battle to restore her breasts – and identity

After undergoing mastectomies,breast cancer patients face years-long waits in the public system for “medically necessary” reconstructive surgery – or crippling out-of-pocket costs in the private system.

  • byHenrietta Cook