APRA

Policy & Regulation

IOOF has confirmed the final settlement of a class action brought against it related to a failed prosecution by the Australian Prudential Regulation Authority with no cos...

Superannuation

1 million repeat early access to super applications

The total number of repeat applications for the Government’s super access hardship scheme has reached one million with an average payment of $8,619, according to data....

Superannuation

APRA delivers super funds a tick on investment in tough times

Superannuation funds have received a boost from the Australian Prudential Regulation Authority for continuing to deliver support to corporate capital raisings at the same...

Superannuation

Second round early release hitting some funds more than others

Ten major superannuation funds continue to do the majority of the heavy lifting on hardship early release superannuation, but some appear to have been less affected than ...

Superannuation

The super funds taking the multi-billion dollar hits from early release

Superannuation fund members returning to access the $10,000 second tranche of the Government’s hardship early release superannuation regime have dominated the latest Aust...

Financial planning

APRA confirms second tranche early release surge

The Australian Prudential Regulation Authority has confirmed a surge in second tranche early release applications, with many members lining up for a second dip. ...

Superannuation

The $54,000 cost of early super drawdown

Amid reports of another rush by people to access the second tranche of the Government’s hardship early release superannuation regime, Wealth Within’s Dale Gillham has poi...

Superannuation

Predicted 2nd tranche early release surge become a reality

Superannuation fund executives have confirmed that the predicted second tranche early release superannuation surge has become a reality....

Superannuation

Parliamentary committee chair goes fishing on REST and HostPlus liquidity

Major superannuation funds are being asked to explain whether they have needed to provide either liquidity or cash to REST and HostPlus....

Superannuation

APRA predicts second tranche early release surge

Just over $18 billion has already been taken from superannuation accounts via the Government’s hardship early release superannuation scheme and the Australian Prudential ...

Superannuation

No slackening in momentum of early release super

From go to woah, the latest Australian Prudential Regulation Authority data has revealed no slackening in demand for hardship early release superannuation....

Superannuation

Has COVID-19 volatility undermined APRA’s heatmaps?

New analysis from Frontier Investment Consulting suggests that the volatility generated by COVID-19 has raised real questions about the Australian Prudential Regulation A...

Financial planning

APRA gives ASIC enforcement powers for Westpac investigation

The Australian Securities and Investments Commission will be allowed to apply to the courts for fines and disqualification of individuals in relation to AUSTRAC’s proceed...