APRA

Outsider

It is possibly a measure of Outsider’s recent bout of insomnia (perhaps the Ashes is being played in mother England) that he found himself reading the so-called ‘Promonto...

Policy & Regulation

Westpac fined for legal reporting requirement failure

APRA has fined the bank and two of its entities $1.5 million....

Policy & Regulation

NAB again in adverse media spotlight

National Australia Bank has again found itself the subject of adverse media following the publication of leaked audit documents relating to its risk governance standards....

Policy & Regulation

Three banks found improperly reporting funding stability

Three banks have been asked by the Australian Prudential Regulation Authority to tighten their intra-group funding arrangements. ...

Superannuation

SMSF establishment balances see improving advice

The average and medium establishment balances for self-managed super funds (SMSFs) have seen a 38 per cent increase to $521,000, compared to $370,000 in the previous four...

Policy & Regulation

Hume criticised for APRA defence

The organisation representing victims of the Trio Capital collapse of criticised the Assistant Minister for Financial Services, Senator Jane Hume, for suggesting the Aust...

Superannuation

AIST precipitates APRA’s separation of superannuation

The Australian Institute of Superannuation Trustees flagged that superannuation needed different treatment to other institutions by the Australian Prudential Regulation A...

Policy & Regulation

APRA urged to be more forceful

A critical Government-commissioned review of the Australian Prudential Regulation Authority appears likely to see it adopting a more overtly forceful approach based on st...

Financial planning

VOFF accuses Labor of “politicising a crime” in Trio fraud

Aussie politicians make “politicised and dishonest decisions about ‘fraud’” despite having no law enforcement of forensic investigation skills, Victims of Financial Fraud...

Features

Everyone’s responsibility to be invested in the planet’s future

Responsible Investment Association Australasia chief executive, Simon O’Connor writes that while ESG investing may have become mainstream it is still a work in progress....

Funds management

Responsible investing lead to better performance

The funds that have incorporated responsible investing principles outperformed most mainstream Australian and international peers, according to a report by the Responsibl...

Superannuation

Making super investment decisions does not represent “activity”

According to the Australian Prudential Regulation Authority just because a superannuation fund member implements an investment strategy decision, doesn’t mean the account...

Life/Risk

APRA data confirms value added by advisers

New data released by the Australian Prudential Regulation Authority has confirmed just how much advisers help customers at claim time....

Superannuation

SuperStream proposals cause confusion for SMSFs

Confusion reigns among self-managed super fund trustees, members and administrators about the upcoming SuperStream changes at the end of November, 2019. ...

Superannuation

Default funds again a focus for Fed Gov’t

Making her first official address as Assistant Minister for Superannuation, Senator Jane Hume has today confirmed that the Morrison Government intends to return to the Pr...