APRA

Superannuation

The Australian Prudential Regulation Authority’s MySuper heatmaps are facing adjustment to accommodate the Government’s Budget proposals on superannuation fund performanc...

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Life/Risk

Consumers will have the choice between sticking with increasingly expensive features-rich income protection products or moving to more affordable products to be launched ...

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Superannuation

Super trustees are failing to provide the Australian Prudential Regulation Authority with sufficient data to meet requirements with the regulator highlighting specific in...

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Life/Risk

From 1 October life insurance companies will be subject to upfront capital penalties until the Australian Prudential Regulation Authority is assured they have taken adequ...

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Superannuation

The latest data around the Government’s hardship early release superannuation regime has confirmed that only mega-funds could have coped with the level of outflows genera...

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Financial planning

The Customer Owned Banking Association and Master Builders Australia have both welcomed proposed credit reforms from the Federal Government to allow easier access to cred...

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Superannuation

The Australian Prudential Regulation Authority has revealed that it has almost seven times more former retail superannuation fund staffers than those who have worked in i...

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Superannuation

The Australian Securities and Investments Commission is backing the Federal Court’s precedent in the IOOF case on how and when superannuation funds can use member reserve...

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Superannuation

The regulatory body will restart licensing activity for banks, insurers, and super funds with the first phase to start in September, 2020, and the second in March, 2021....

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Superannuation

Superannuation funds are carrying out double-checks around surprisingly high instances of different bank account numbers being used by members seeking early access to sup...

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Superannuation

Superannuation funds may not necessarily be held responsible for making good the losses caused by fraud around the Government’s hardship superannuation early release regi...

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Financial planning

The loans outstanding, which are cumulatively worth $274 billion, have been granted temporary repayment deferrals by deposit -taking institutions. ...

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Policy & Regulation

The chair of a key Parliamentary Committee has raised the Australian Securities and Investments Commission’s errors within its controversial SMSF factsheet among errors t...

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Superannuation

Data analysis around the Government’s hardship early release superannuation regime has revealed that the ‘rivers of gold’ inflows generated by the superannuation guarante...

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Financial planning

Bank dividends could be cut after the Australian Prudential Regulation Authority told them to ‘maintain caution’ over 2020 dividend payments with the payout ratio maintai...

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