APRA

Life/Risk

The Australian Prudential Regulation Authority has confirmed it is investigating whether breaches occurred in CommInsure’s handling of a whistle-blower....

Superannuation

The introduction of CIPR could provide a strategic benefit for industry funds but only if they invested rigorously in product design....

Superannuation

Figures from a Class Super report do not support fears SMSF exposure to residential property was contributing to the booming property market....

Financial planning

APRA chairman, Wayne Byers has warned financial services firms against neglecting their technology back-ends in the pursuit of shiny new developments....

Life/Risk

The major life insurers have been told to do more and spend more on addressing legacy product issues rather than waiting on Government legislation....

Financial planning

Finance executives should make a visible commitment to ethical behaviour by taking the Banking and Finance Oath, former APRA chair, John Laker said....

Superannuation

The latest Australian Prudential Regulation Authority data reveal around half of Australians are still opting to take lump sums....

Superannuation

Both APRA and ASIC have warned of considerable reputational damage to insurers and super funds if they do not turn talk of improvements into actions....

Policy & Regulation

The Financial Services Council has conceded that a more exacting MySuper approval process may be needed before all MySuper funds can be offered as defaults....

Funds management

Either APRA should control home lending once again or the RBA should lift interest rates, or do both to avoid a dangerous housing bubble, SQM Research said....

Superannuation

APRA has warned superannuation funds that they may have risked compromising sensitive member data by outsourcing bulk e-mails and texts to third party service providers....

Superannuation

The SMSF Association has sought to dispel the myth that self-managed superannuation funds were unregulated just because they did not fall under the umbrella of APRA. ...

Superannuation

Switching a member from an industry super fund to a retail master trust does not necessarily make them worse off, according to the Australian Prudential Regulation Author...

Superannuation

The prudential regulator is launching a review of the remuneration policies of regulated institutions and how they tie into organisational implementation of risk culture ...

Life/Risk

APRA is considering whether the whistleblowing provisions of the Life Insurance Act were adhered to in the CommInsure claims handling controversy....

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 3 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 6 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

5 days 16 hours ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

6 days 19 hours ago