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....

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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...

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Superannuation

ISA claimed industry super funds have outperformed their bank-owned counterparts when it comes to median returns, after APRA released Quarterly MySuper Statistics....

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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....

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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....

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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. ...

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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....

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Life/Risk

Life insurers operating in the group risk area ignored warnings from APRA that price reductions and soft underwriting practices would affect profitability...

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Financial planning

Victims of Financial Fraud group lash Medcraft’s call for tougher penalties, citing regulator’s past failures....

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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...

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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 ...

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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....

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Superannuation

FSC has claimed the average MySuper fund offered by its members have outperformed the equivalent offering from industry funds...

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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 ...

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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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