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APRA
Insurance
The prudential regulator is collecting more granular data on insurance premiums given the deteriorating experience in individual disability income insurance....
Superannuation
Scrutiny is the biggest challenge for the superannuation industry, according to APRA board member, Margaret Cole, who said the regulator was exploring enforcement activit...
Superannuation
The prudential regulator will review the sole purpose test guidance as part of a broader review of expenditure management guidance....
Superannuation
APRA has clarified it is up to the discretion of super funds to decide whether allocating money towards The New Daily is an expense or investment. ...
Financial advice
The corporate and prudential regulators have put superannuation trustees on notice that they can expect a further follow up on their advice fee practices and that they ex...
Superannuation
Product definitions, the MySuper exemption, and whether clearing houses are captured or exempted are some of the issues trustees are encountering when applying the new de...
Superannuation
A second stage as part of the super test benchmark is needed to avoid relying on automation which could create issues similar to that of the Robodebt saga, according to t...
Superannuation
The possibility of including Choice products in the super performance test “isn’t relevant” to the Your Future, Your Super bill, according to Jane Hume, as members in tho...
Superannuation
SuperConnecter will allow employers to make super contributions and can be used APRA regulated funds as well as SMSFs. ...
Insurance
Premium increases for individual disability income insurance have been needed to improve the sustainability of that type of insurance, according to the prudential regulat...
Insurance
Agreed value individual disability income insurance contributed to significant sustainability issues in the life insurance market and insurers need to design flexible pro...
Superannuation
Updated guidance on the sole purpose test has been superseded by the Your Future, Your Super legislation, but the Australian Prudential Regulation Authority may still upd...
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 ...