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APRA
Insurance
ASIC has confirmed that both it and APRA are scrutinising so-called ‘profit sharing’ arrangements between insurers and super funds....
Superannuation
All accrued default products have been driven to MySuper products, helping increase MySuper products total assets by 25.5 per cent, according to APRA statistics. ...
Superannuation
Super funds need to address areas of underperformance and access to efficiencies before industry regulators intervene, according to Mercer....
Superannuation
The Australian Prudential Regulation Authority has laid out the manner in which the scale test will be changed to an ‘outcomes test’....
Superannuation
The default super system was created under significantly different circumstances in the 1980s and does not suit the current robust regulatory environment, according to De...
Insurance
The Australian Securities and Investments Commission has flagged that it will soon table a report identifying issues impacting insurance within superannuation....
Superannuation
The Australian Taxation Office has received only a ‘handful’ of compensation claims resulting from last December’s major IT outage, with super funds mollified by flexibil...
Superannuation
Banks need to disclose the profit from compulsory super and the regulator needs to investigate the chronic underperformance of bank-owned super funds, ISA believes....
Financial advice
Despite the nay-sayers, the latest Australian Prudential Regulation Authority data has confirmed why superannuation continues to represent an attractive investment vehicl...
People and Products
The Australian Prudential Regulation Authority has made four new senior executive appointments....
Superannuation
The FSC is willing to have the book thrown at its members if they are ever found to have offered inducements to business clients to move to bank-owned default super funds...
Superannuation
A new survey has confirmed continuing industry fund antipathy towards self-managed superannuation funds but less certainty about how they should be regulated....
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 ...