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AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY
Superannuation
AMP superannuation trustees are to pay $45 million in remediation relating to final matters referred from the Royal Commission....
Superannuation
Administration fees on Choice products are 40% higher than for MySuper products, according to the regulator, with a $100,000 balance paying $391 per annum....
Life/Risk
The claim admittance rate for advice individuals for disability income insurance was at 95% compared to 89% for non-advised clients, according to data from the prudential...
Financial planning
Risk specialists, Australian Financial Risk Management have hit back at plaintiff law firm Maurice Blackburn suggesting it has criticised risks advisers on the basis of s...
Superannuation
The vast majority of eligible Australians should receive early superannuation payments within five business days, according to Australian Prudential Regulation Authority ...
Policy & Regulation
The Australian Securities and Investments Commission was only conducting five investigations relating to industry funds compared to 16 relating to retail funds. ...
Superannuation
Both AustralianSuper and UniSuper have been reported as having imposed a downward revaluation of their unlisted assets....
Superannuation
Superannuation industry executives have acknowledged the potential for funds to run into liquidity issues because of the downturn and risk to jobs in the travel, hospital...
Policy & Regulation
A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....
Superannuation
The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have welcomed the proposed reforms aimed at increasing the role of...
Policy & Regulation
The Financial Services Council has recommended the two regulators must collaborate on information, documentation, and data requests and collection....
Financial planning
Superannuation funds have been ‘engaged’ by the regulators over payments to financial advisers and other third parties....
Policy & Regulation
The Australian Prudential Regulation Authority will be imposing a climate change stress test on banks, insurers and superannuation funds....
Superannuation
A major industry fund has told a Senate Committee that the Australian Prudential Regulation Authority’s heatmaps got it wrong because of classification errors....
Financial planning
The Australian Prudential Regulation Authority’s announcement of an increase to Westpac’s capital charge and the commencement of an investigation into possible breaches o...
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So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...
This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...
So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...