APRA

Superannuation

Early release super fund laggards could be identified

Superannuation funds will have to file weekly reports with the Australian Prudential Regulation Authority on the impacts of the Government’s hardship early release progra...

Superannuation

Early access to super no longer than 5 days

The vast majority of eligible Australians should receive early superannuation payments within five business days, according to Australian Prudential Regulation Authority ...

Policy & Regulation

APRA suspends licensing

Faced with the uncertainties of COVID-19 the Australian Prudential Regulation Authority has suspended new licensing for banks, insurers and superannuation funds....

Policy & Regulation

Before COVID-19 ASIC was investigating mostly retail funds

The Australian Securities and Investments Commission was only conducting five investigations relating to industry funds compared to 16 relating to retail funds. ...

Superannuation

APRA and ASIC tell funds to prioritise liquidity for early release

Superannuation funds have received a letter from the two financial services regulators telling them to give top priority to having sufficient liquidity to make early rele...

Superannuation

APRA’s key questions on super fund liquidity

Superannuation funds are being asked key questions around their liquidity position in the face of COVID-19....

Superannuation

Industry funds revalue unlisted assets

Both AustralianSuper and UniSuper have been reported as having imposed a downward revaluation of their unlisted assets....

Superannuation

Treasury expects APRA scrutiny of super fee increases

The Federal Treasury has made clear it expects the Australian Prudential Regulation Authority to scrutinise any fee increases imposed by superannuation funds which then b...

Superannuation

Are super funds facing coronavirus liquidity issues?

Superannuation industry executives have acknowledged the potential for funds to run into liquidity issues because of the downturn and risk to jobs in the travel, hospital...

Policy & Regulation

Limitations on proposed regulator oversight authority not effective

To be effective, the Financial Regulator Oversight Authority needs to be allowed to assess particular actions, or group of actions, to properly assess the two financial r...

Superannuation

Custody assets look to offshore markets

Total assets under custody rose 8% to $4.06 trillion with an increasing portion accounting for offshore markets, according to the Australian Custodial Services Associatio...

Policy & Regulation

No loopholes, no carve-outs insist coalition of consumer groups

A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....

Policy & Regulation

While Canberra debates, APRA acts on climate risk

The Australian Prudential Regulation Authority has foreshadowed the development of a climate risk practice guide for the financial services institutions it regulates....

Features

Has APRA’s tough move on agreed value DII changed the game for good?

Mike Taylor writes that few, if any, of the major players are arguing that the Australian Prudential Regulation Authority got it wrong with its major intervention with re...

Expert Analysis

Let prudence prevail

Life insurers are under the spotlight of APRA over their handling and the sustainability of disability income insurance claims, writes Integrity Resolution’s Col Fullagar...