australian prudential regulation authority

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Financial planning

The authority has increased the bank’s capital requirement to $1 billion and will focus on directors and senior managers that breached the Banking Act in relation to the ...

Policy & Regulation

APRA names heatmap consultants

The Australian Prudential Regulation Authority has named the major consultancies which assisted with its heat map development – Rice Warner, Deloitte and David Bell – but...

Superannuation

SuperRatings to APRA on heatmaps – WHY?

The founder of one of Australia’s first dedicated superannuation fund research and ratings firms has suggested that the Australian Prudential Regulation Authority should ...

Financial planning

Advice by super funds 'generally appropriate'

The quality of advice provided by retail funds and industry funds have been found to be similar, according to the Australian Securities and Investments Commission....

Superannuation

FSC urges caution on APRA’s super heatmapping

The Financial Services Council has urged caution on the use of the Australian Prudential Regulation Authority’s proposed heatmapping exercises when making comparisons bet...

Superannuation

APRA signals simplification of insurance inside super rules

The Australian Prudential Regulation Authority has moved ahead of Government legislative amendments to outline a simplification of the rules around insurance inside super...

Policy & Regulation

APRA, ASIC to share data

In a bid to lift regulatory burden on super funds the two regulators are looking to share data for areas of common interest....

Superannuation

Hume defends APRA heat maps

Despite the misgivings of some in the superannuation industry, the Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume, ...

Superannuation

APRA warned on regulatory impacts on investment recruitment

Superannuation funds could be placed at a significant disadvantage in competing to recruit investment management professionals under the extension of elements of the Bank...

Superannuation

APRA uses new powers, but on whom?

The Australian Prudential Regulation Authority has revealed it has already used its tough new powers but has not said which superannuation funds were affected....

Superannuation

Super funds need to double-down on data management

Payment technology company InPayTech has authored a whitepaper stating Australian super funds needed to increase their security for data breaches and fraud....

Superannuation

APRA acknowledges high risk, high fee products can driver better returns

Some high risk, high fee superannuation investments are worth it in terms of the returns they generate, according to the Australian Prudential Regulation Authority....

Superannuation

Super data needs to be risk-based

Digestible investment risk data for superannuation funds needs to be standardised by APRA to help members compare apples with apples, according to AMP. ...

Life/Risk

Synchron confirms 20% adviser exits

Risk-focused financial planning group, Synchron has confirmed the turnover of around 20% of its advisers in the face of the new Financial Adviser Standards and Ethics Aut...

Policy & Regulation

IOOF share price recovers but short of highs

The IOOF share price has recovered sharply following its victory against the Australian Prudential Regulation Authority in the Federal Court but is still well short of it...