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APRA
Superannuation
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the p...
Superannuation
While industry funds maintain their lead in Australia’s superannuation market, retail funds have been showing signs of recovery....
News
The prudential regulator has described its new performance package as the “next step” in its work to sharpen trustees’ focus on improving member outcomes....
People and Products
The news comes just weeks after CFMEU-nominated directors left industry fund Cbus....
News
Following news that APRA has commenced proceedings against a CFMEU-linked First Super director, members of the opposition have once again accused Labor of protecting “the...
Superannuation
The director, who is also a CFMEU official, has been accused of breaching a number of the covenants contained in the SIS Act....
Funds management
Roundtables attended by 12 super CEOs, jointly hosted by ASIC and APRA, have shed light on key areas of discussion within the industry....
Superannuation
The prudential regulator has released the results of its latest performance test....
News
The prudential regulator is preparing to launch a stress test to reveal potential “contagion sources”, having found that the interaction between super funds and private c...
Superannuation
The prudential regulator has flagged supervisory focus on trustees’ implementation of the Retirement Income Covenant, among other priorities....
Superannuation
The prudential regulator has imposed additional licence conditions on the trustee of Cbus in response to concerns regarding serious misconduct within the CFMEU. ...
Superannuation
Having engaged with the AMP Super trustee to address governance and risk management deficiencies since 2019, APRA has said it is now satisfied with the work undertaken....
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...