Helen Rowell

Superannuation

75% of super members’ money under merger consideration

Investment has to be front and centre in these merger discussions whether to establish if it’s the best outcome for members – rather than fees – according to Frontier....

Policy & Regulation

Advertising review to focus on governance not political appropriateness

The prudential regulator is unlikely to make any findings on the political appropriateness of advertising from super funds but may recommend a follow-up inquiry....

Superannuation

Is APRA over-stepping the mark on fund mergers?

The Australian Prudential Regulation Authority has raised eyebrows by revealing the degree to which it wants to influence which funds merge with which. ...

Superannuation

APRA warns of painting choice sector red

Choice superannuation funds have been placed on notice that unless they look to their fees and investment performance they are at risk of being painted red on the heatmap...

Life/Risk

Legacy products biggest barrier to life innovation

A focus on legacy products has become one of the biggest barriers to innovation and the industry needs to be prepared to bear the burden of investment in improving those ...

Superannuation

APRA admits to pursuing just one sole purpose test issue in 30 years

Amid strong questioning by Government parliamentarians about how regulators monitor the superannuation sole purpose test, APRA has admitted it has only pursued one such c...

Financial planning

Are advisers shunning clients with less than $1 million in investible assets

A Parliamentary Committee has heard questioning around whether regulatory costs are now so high that financial advisers will not take on clients with less than $1 million...

Superannuation

Are industry funds bullying and intimidating the Morrison Government?

Industry funds who have sponsored a major television advertising campaign against the Government’s Your Future, Your Super legislation have been accused of seeking to bul...

People & Products

APRA appoints new board member to oversee super

Margaret Cole will oversee APRA’s superannuation activities, while deputy chair, Helen Rowell, will now be responsible for general, life and private health insurance....

Superannuation

APRA’s MySuper heatmap drives 11 funds to exit

While the superannuation system is working and performing well, there are high cost, scale, and sustainability issues, according to Helen Rowell. ...

Features

Ironing out the wrinkles in the Budget’s new super approach

Mike Taylor writes that the Government’s Your Future, Your Super Budget announcement might look good at first blush but contains a number of wrinkles which need to be iro...

Superannuation

APRA indeterminant on who pays for early release fraud

Superannuation funds may not necessarily be held responsible for making good the losses caused by fraud around the Government’s hardship superannuation early release regi...

Policy & Regulation

APRA put under pressure to consider early access scheme

The Australian Prudential Regulatory Authority was given less than one day to consider the early access to super scheme. ...

Superannuation

ASIC welcomes reforms expanding its role in super

The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have welcomed the proposed reforms aimed at increasing the role of...

Superannuation

APRA publishes MySuper heatmap

Trustees of the worst performing products have been contacted by the Australian Prudential and Regulation Authority to provide action plans on how they will address ident...