The Financial Services Council has acknowledged that a more exacting process is needed to ensure all MySuper funds are fit to be defaults....
The Australian Prudential Regulation Authority thinks most superannuation fund boards should not exceed 12 trustee directors....
APRA has warned superannuation funds that they may have risked compromising sensitive member data by outsourcing bulk emails and texts to third party providers....
APRA has signalled it wants more powers while confirming it is examining a number of trustees for 'material shortcomings'....
The profit-sharing obligation between super funds and insurers conflict as super funds have an obligation to pursue claims, a superannuation lawyer believes....
The Australian Prudential Regulation Authority has downplayed suggestions of conflicts of interest in bonuses paid to superannuation funds by life insurers....
The Australian Prudential Regulation Authority makes clear insurance claims handling is also an issue for trustee boards....
It is vital to have a better understanding of the underlying drivers behind the variations in the claims handling process of insurance, AIST believes....
APRA has told group insurers to review insurance benefit design and definitions to ensure they better meet the needs of members....
Nearly half of all entities surveyed by APRA confirmed they had been the subject of a cyber security incident....
The Australian Taxation Office intends to detail the scale of the gap between SG payments required and those actually paid....
The latest APRA data has placed the importance of group insurance in context....
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 ...