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APRA
Features and Analysis
Many of the objectives of the Government’s changes to insurance in superannuation may have been laudable but one of the outcomes has been higher premiums and higher costs...
Superannuation
Major superannuation funds are calling for an extensive consultation process before the Australian Prudential Regulation Authority (APRA) is handed the regulatory power t...
Financial advice
The regulator has increased Macquarie Bank’s liquidity and operational risk capital requirements after the firm had “persistent difficulties” in meeting its obligations. ...
Superannuation
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...
Superannuation
The Australian Prudential Regulation Authority is currently reviewing 10 underperforming MySuper products from eight trustees....
SMSF
The Government’s controversial Your Future, Your Super and it best financial interests duty has placed SMSF trustees at risk, according to the major accounting groups....
Superannuation
The Australian Securities and Investments Commission has made clear how it sees the controversial reversal of the evidential burden of proof playing out around the propos...
People and Products
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
The government’s proposed superannuation performance test would be detrimental to the super system and is not in the best interests of members, according to Chant West....
Superannuation
The regulator is questioning whether the pooling partnership where Hostplus would make all investment decisions was in members’ best interests....
Insurance
If the current deterioration in group life insurance claims experience continues, superannuation members will be further affected by substantial increases in insurance pr...
Insurance
Life insurers are continuing to struggle, according to the latest data released by the Australian Prudential Regulation Authority covering the 2020 calendar year....
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 ...