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APRA
Financial planning
Authorised deposit-taking institutions’ mortgage lending practices will come under the microscope in 2015 as APRA seeks to clampdown on risky lending....
Superannuation
The increase in the cap for concessional contributions has led to the fastest growth in seven years for discretionary contributions while compulsory contributions have pl...
Superannuation
ISA claimed industry super funds have outperformed their bank-owned counterparts when it comes to median returns, after APRA released Quarterly MySuper Statistics....
Financial planning
AMP SMSF has backed calls for making it compulsory for financial advisers to undertake specific training if they are going to advise on SMSFs....
Funds management
SMSFs have on average only seven per cent of their total holdings in residential property hosing down claims that SMSFs are moving into that sector as investors....
Superannuation
APRA-regulated fund members demand advice and good communication if super funds want to retain them, but most are not ready to pay for this advice. ...
Life/Risk
Cheap group insurance cover has been used by industry funds to partially erode the client base of financial advisers while shoring up their own member base....
Life/Risk
Life insurers operating in the group risk area ignored warnings from APRA that price reductions and soft underwriting practices would affect profitability...
Financial planning
Victims of Financial Fraud group lash Medcraft’s call for tougher penalties, citing regulator’s past failures....
Superannuation
Concerns about the fees being charged on default superannuation funds are prompting calls for the final transition date for savings to be moved to a MySuper account to be...
Financial planning
The Australian Prudential Regulation Authority (APRA) is seeking reassurances from lenders that they will monitor lending standards, as concerns about the housing market ...
Superannuation
Industry fund lobbyists have had a go at the big banks, saying only $13 billion of savings in bank-owned funds have moved into MySuper....
Superannuation
FSC has claimed the average MySuper fund offered by its members have outperformed the equivalent offering from industry funds...
Life/Risk
Choice has rejected APRA’s criticisms of insurance comparisons websites stating that its arguments are those “typically heard from vested interests that would prefer not ...
Financial planning
One of Australia’s corporate regulators has been accused of inconsistency in its policing of new entrants to the financial services space, with smaller innovators unfairl...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...