The Treasury has appointed a new chair for the Australian Prudential Regulation Authority to replace Wayne Byres....
The industry has been warned by APRA to expect further scrutiny and increased transparency as it believes this has been the biggest driver of positive industry change....
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones....
APRA’s latest data has revealed that superannuation funds spent $1.3 billion on advice fees, with the vast majority sent to external financial advisers....
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members. ...
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 ...