APRA

Life/Risk

The Australian Prudential Regulation Authority has confirmed it is investigating whether breaches occurred in CommInsure’s handling of a whistle-blower....

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Superannuation

The introduction of CIPR could provide a strategic benefit for industry funds but only if they invested rigorously in product design....

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Superannuation

Figures from a Class Super report do not support fears SMSF exposure to residential property was contributing to the booming property market....

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Financial planning

APRA chairman, Wayne Byers has warned financial services firms against neglecting their technology back-ends in the pursuit of shiny new developments....

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Life/Risk

The major life insurers have been told to do more and spend more on addressing legacy product issues rather than waiting on Government legislation....

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Financial planning

Finance executives should make a visible commitment to ethical behaviour by taking the Banking and Finance Oath, former APRA chair, John Laker said....

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Superannuation

The latest Australian Prudential Regulation Authority data reveal around half of Australians are still opting to take lump sums....

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Superannuation

Both APRA and ASIC have warned of considerable reputational damage to insurers and super funds if they do not turn talk of improvements into actions....

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Policy & Regulation

The Financial Services Council has conceded that a more exacting MySuper approval process may be needed before all MySuper funds can be offered as defaults....

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Funds management

Either APRA should control home lending once again or the RBA should lift interest rates, or do both to avoid a dangerous housing bubble, SQM Research said....

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Superannuation

APRA has warned superannuation funds that they may have risked compromising sensitive member data by outsourcing bulk e-mails and texts to third party service providers....

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Superannuation

The SMSF Association has sought to dispel the myth that self-managed superannuation funds were unregulated just because they did not fall under the umbrella of APRA. ...

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Superannuation

Switching a member from an industry super fund to a retail master trust does not necessarily make them worse off, according to the Australian Prudential Regulation Author...

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Superannuation

The prudential regulator is launching a review of the remuneration policies of regulated institutions and how they tie into organisational implementation of risk culture ...

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Life/Risk

APRA is considering whether the whistleblowing provisions of the Life Insurance Act were adhered to in the CommInsure claims handling controversy....

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