APRA

Financial planning

The Australian Prudential Regulation Authority has decided to keep the countercyclical capital buffer for authorised deposit-taking institutions on hold at zero per cent....

Superannuation

Did APRA miss super failings because of poor data?

APRA could have identified poorly performing superannuation funds sooner and before the Royal Commission if it had actually collected and used the right data, according t...

People & Products

APRA grants Volt Bank ADI licence

The Australian Prudential Regulation Authority has granted Volt Bank an Authorised Deposit-Taking Institution licence. ...

Policy & Regulation

IOOF’s acquisition of OnePath delayed

The IOOF acquisition of the ANZ pensions and investments business has been delayed to meet the requirements resulting from last year’s Australian Prudential Regulation Au...

Funds management

Aussie neobank launches new equity crowdfunding campaign

Australian neobank, Xinja has launched its second equity crowdfunding campaign on the Equitise platform....

Superannuation

APRA claims partial vindication

The Australian Prudential Regulation Authority claims the Productivity Commission has vindicated its approach to superannuation....

Policy & Regulation

ASIC signals litigious intent following Prime Trust win

The Australian Securities and Investments Commission has signalled its willingness to pursue tough and prolonged litigation in the wake of Friday’s Prime Trust win....

Superannuation

APRA moves ahead of legislation on outcomes test

The Australian Prudential Regulation Authority has not waited on passage of Government legislation and has, instead, set new prudential requirements to support an outcome...

Financial planning

Financial adviser exam will cost millions

The Financial Adviser Standards and Ethics Authority’s business plan has revealed the financial adviser exam will cost millions and be the authority’s single biggest expe...

Policy & Regulation

Is IOOF APRA’s get tough guinea pig?

Documentation examined during the Royal Commission suggests the Australian Prudential Regulation Authority was actively considering whether pursuing litigation would answ...

Policy & Regulation

Academics urge board to monitor ASIC and APRA

A new research paper developed by three academics has urged the imposition of an over-arching assessment board to oversight the effectiveness of the Australian Securities...

Policy & Regulation

IOOF’s Kelaher and Venardos step aside

IOOF managing director, Christopher Kelaher and chairman George Venardos have stepped aside from their positions pending the outcome of the Australian Prudential Regulati...

Policy & Regulation

ANZ reviewing wealth sale to IOOF

The Australian Prudential Regulation Authority’s regulatory action against IOOF has prompted ANZ to “review” the sale of its wealth businesses to IOOF....

Policy & Regulation

APRA moves to disqualify IOOF executives including MD

The Australian Prudential Regulation Authority has initiated action against IOOF including seeking the disqualification of its most senior executives, including managing ...

Superannuation

Who drove AMP’s super fee cut?

The Royal Commission has heard that the time-table attaching to the AMP superannuation fund boards’ decision to cut MySuper fees by 50 basis points was devised elsewhere ...