APRA

Policy & Regulation

Would you work for a super fund if your salary was at penalty risk?

Attracting talent to superannuation funds could become problematic under the Government’s move to extend the Bank Executive Accountability Regime to the superannuation in...

Superannuation

ASIC welcomes reforms expanding its role in super

The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have welcomed the proposed reforms aimed at increasing the role of...

Policy & Regulation

APRA and ASIC need to collaborate on data

The Financial Services Council has recommended the two regulators must collaborate on information, documentation, and data requests and collection....

Financial planning

APRA/ASIC ‘engage’ super funds over adviser relationships

Superannuation funds have been ‘engaged’ by the regulators over payments to financial advisers and other third parties....

Policy & Regulation

Climate change an APRA supervisory priority in 2020

The Australian Prudential Regulation Authority will be imposing a climate change stress test on banks, insurers and superannuation funds....

Superannuation

APRA’s heatmaps got it wrong says industry fund

A major industry fund has told a Senate Committee that the Australian Prudential Regulation Authority’s heatmaps got it wrong because of classification errors....

Superannuation

APRA maintains pressure on super funds

Underperforming superannuation funds were warned of their situation before the Australian Prudential Regulation Authority released its controversial heatmaps and they hav...

Superannuation

Size matters in superannuation says APRA

Barely a week after distribution its superannuation heatmaps, the Australian Prudential Regulation Authority is arguing that larger superannuation funds are more sustaina...

Financial planning

Westpac faces potential further negative rating action

The Australian Prudential Regulation Authority’s announcement of an increase to Westpac’s capital charge and the commencement of an investigation into possible breaches o...

Financial planning

APRA launches Westpac investigation

The authority has increased the bank’s capital requirement to $1 billion and will focus on directors and senior managers that breached the Banking Act in relation to the ...

Policy & Regulation

APRA names heatmap consultants

The Australian Prudential Regulation Authority has named the major consultancies which assisted with its heat map development – Rice Warner, Deloitte and David Bell – but...

Superannuation

SuperRatings to APRA on heatmaps – WHY?

The founder of one of Australia’s first dedicated superannuation fund research and ratings firms has suggested that the Australian Prudential Regulation Authority should ...

Superannuation

APRA publishes MySuper heatmap

Trustees of the worst performing products have been contacted by the Australian Prudential and Regulation Authority to provide action plans on how they will address ident...

Superannuation

20 funds facing immediate heat map pressure

Twenty under-performing superannuation funds are facing almost immediate heat-map pressure from the Australian Prudential Regulation Authority and a further 20 will find ...

Superannuation

APRA reluctant to name heatmap advisers

Superannuation fund heatmaps may be one of the most significant new challenges to confront superannuation fund boards, but the Australian Prudential Regulation Authority ...