APRA

Superannuation

The Australian Prudential Regulation Authority has warned of margin compression resulting from insurance in superannuation changes....

Policy & Regulation

Fin services needs to walk the walk on climate risk

Banks, insurers and super trustees need to do more than talk the talk where climate change is concerned, with a key regulator urging them to also act to mitigate risks to...

Policy & Regulation

APRA serves notice on financial services remuneration

The Australian Prudential Regulation Authority has served notice of tougher prudential standards around executive salaries, including ensuring variable remuneration is tr...

Financial planning

More financial institutions to restrict coal finance

More financial institutions, including a Chinese financier, two European insurers and a French asset manager, joined to restrict coal finance....

Superannuation

Are super fund frequent flyers tantamount to early release?

A panel of superannuation fund executives and experts has questioned whether AustralianSuper’s offer of frequent flyer points to attract new members should be viewed as p...

Policy & Regulation

IOOF faces class action

A Sydney law firm has announced a class action against IOOF based on losses to shareholders resulting from the Royal Commission and the action initiated by the Australian...

Superannuation

Consistent mid-size super funds come out on top

Consistency has seen mid-sized funds come out on top in the first round of the newly launched Superannuation Fund Crown Ratings, a quantitative rating system launched by ...

Superannuation

Does size matter for MySuper options?

For all the fuss about scale in the super industry, new data has shown that members in some of the top funds’ MySuper options saw limited differences in returns regardles...

Superannuation

APRA signals more super fund exits

Having identified more than a dozen underperforming superannuation funds which have subsequently opted to exit the industry, the Australian Prudential Regulation Authorit...

Superannuation

13 super funds head for the exit

Thirteen superannuation funds have been confirmed as exiting the industry under pressure from the Australian Prudential Regulation Authority....

Superannuation

“Urgent” need for better superannuation performance data

The superannuation industry urgently needs access to better data or it risks being subjected to recommendations or reports based on flawed data....

Superannuation

Legislation closes the super corporate box

The Federal Government has succeeded in substantially passing legislation which will significantly curtail the ability of superannuation funds to use corporate hospitalit...

Financial planning

Regulation must come with accountability

The enforcement of new regulation must come with accountability and resources, according to the Institute of Public Accountants....

Policy & Regulation

APRA thinks financial institutions got nailed by RC

The Australian Prudential Regulation Authority believes the Royal Commission placed responsibility for misconduct on the major financial institutions and those who ran th...

Policy & Regulation

APRA to keep closer eye on remuneration

The Australian Prudential Regulation Authority has been advised to conduct supervision of remuneration systems and review its current standards and guidance on the matter...