APRA

Policy & Regulation

IOOF Limited has scored a victory over the Australian Prudential Regulation Authority in their court battle stemming from the Royal Commission....

Superannuation

Will APRA name super underperformers?

The Australian Prudential Regulation Authority has predicted a backlash from super funds in the event it publicly names superannuation funds it deems to be underperformer...

Policy & Regulation

ASIC/APRA/ATO need to be audited on value for money

The major financial services regulators need to be comprehensively audited to ensure they are actually delivering value for money in the work that they do reflecting the ...

Financial planning

Extreme weather prompts APRA to consider climate change

The frequency of extreme high temperatures during Autumn 2019 was 96% above the long-term average, according to the Australian Actuaries Climate Index, forcing companies ...

Financial planning

DII products do not work well for chronic conditions

Disability income insurance products and the way they have been designed do not work well for prolonged periods of disability or chronic conditions, according to the anal...

Policy & Regulation

APRA foreshadows getting ‘constructively tough’

The Australian Prudential Regulation Authority has signalled its intention to emulate the Australian Securities and Investments Commission by more frequently publishing t...

Life/Risk

Life insurers still weighed down by disability products

The latest Australian Prudential Regulation Authority life insurance data has revealed a negative picture of profitability being badly undermined by disability products....

Policy & Regulation

Superannuation under-performers on notice from APRA

Underperforming superfunds have been placed on notice by the Australian Prudential Regulation Authority that it is ready to intensify its scrutiny and, where necessary, r...

Financial planning

IOOF meets target for APRA conditions

IOOF believes it has successfully completed all items required of it by the Australian Prudential Regulatory Authority following the Royal Commission....

Policy & Regulation

APRA strengthens rules to combat banking contagion risks

APRA has finalised updates on the Prudential Standard APS 222 to reduce contagion risk within banking groups....

Policy & Regulation

ASIC examples AMP/Clayton Utz in enforcement outcome

The Australian Securities and Investments Commission has used AMP and its lawyers, Clayton Utz, as examples of successful enforcement action by the regulator....

Superannuation

Liberal Senator signals crack-down on super activists

NSW Liberal Senator, Andrew Bragg has signalled the prospect of a crack-down on superannuation activists who seek to use member funds to exact influence on listed compani...

Policy & Regulation

APRA hits Allianz with additional capital requirement

Allianz Australia has been hit by a $250 million additional capital requirement by the Australian Prudential Regulation Authority....

Policy & Regulation

APRA confirms super funds facing possible RC action

The Australian Prudential Regulation Authority has confirmed that a number of superannuation funds are facing the possibility of legal action as early as next month on th...

Policy & Regulation

APRA urges self-regulation

The Australian Prudential Regulation Authority chairman, Wayne Byers has urged financial services companies to embrace the need for self-regulation at both industry and c...