APRA

Superannuation

Don’t overstate industry fund outperformance, says Committee

A key Parliamentary Committee report has specifically cited the Australian Prudential Regulation Authority as suggesting not too much should be made of the perceived outp...

Features

Who will guard the guards?

The Australian Securities and Investments Commission has been the frequent subject of demands for greater scrutiny of the regulators themselves. As Hannah Wootton writes,...

Superannuation

SMSFs should pull their weight – AIST

Industry funds representative organisation, the Australian Institute of Superannuation Trustees, has told the Treasury that self-managed superannuation funds should be pu...

Superannuation

APRA strengthens appointed actuary role within insurers

The prudential regulator has released a final package of measures to clarify and strengthen the role of the appointed actuary within general, life and private health insu...

People & Products

Rowell gets further APRA term

Australian Prudential Regulation Authority deputy chair, Helen Rowell, has received another five-year term in her role and will be joined by Treasury deputy secretary, Jo...

Financial planning

Regulatory data confirms advised life/risk is better

New data released by the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission has confirmed that consumers do better at cla...

Life/Risk

APRA submission backs life insurers

The Australian Prudential Regulation Authority has suggested there is scope for allowing life insurers to assist in getting workers back to work sooner....

Superannuation

VOFF questions APRA’s protection powers

Victims of Financial Fraud has alleged that the Australian Prudential Regulatory Authority cannot fully protect the public’s superannuation savings, building on previous ...

Policy & Regulation

ASIC and APRA monetary winners from Royal Commission

The financial services regulators have emerged as substantial Budget funding winners from the Royal Commission with financial services firms expected to foot much of the ...

People & Products

Digital-only volt bank granted restricted licence

APRA has granted a restricted banking licence to volt bank, the first new retail-focused bank to receive such a licence since the early 2000s....

Policy & Regulation

BEAR’s teeth owed to deferred banker remuneration

The Australian Prudential Regulation Authority has admitted the effectiveness of the Bank Executive Accountability Regime is owed in large part to the amount of deferred ...

Policy & Regulation

Morrison expects full imposition of BEAR

The Federal Treasurer, Scott Morrison has warned the major banks against using board seats as a retirement sinecure, pointing to the Government’s willingness to fully exe...

Policy & Regulation

Commbank enters EU after adverse APRA report card

The Commonwealth Bank has entered an Enforceable Undertaking with the Australian Prudential Regulation Authority after a Prudential Panel identified multiple failings inc...

Superannuation

ISA attacks $10b retail super drag

Industry Super Australia has presented new research to the Productivity Commission claiming retail funds are dragging down the value of the super industry by as much as $...

Policy & Regulation

ASIC and APRA accountability up to Royal Commissioner

The Federal Treasurer, Scott Morrison has said that it is a matter for the Royal Commission whether the Australian Securities and Investments Commission and the Australia...