APRA

Superannuation

APRA has stated it sees no sizeable problems around the funding of Industry Super Australia and its lobbying efforts against Government Budget measures....

Financial planning

Women make up only a quarter of fund trustees

New APRA data confirms that despite talk of equal representation, women make up only a quarter of those on industry fund boards....

Financial planning

Platforms disguise investment costs - ISA

Industry Super Australia has told the Australian Prudential Regulation Authority that retail super funds are disguising investment costs via the use of platforms....

Superannuation

APRA confirms revised super reporting standards

Revised superannuation reporting standards relating to fees, investment performance and asset allocation will come into force from 1 July 2016, APRA has confirmed....

Policy & Regulation

APRA announces key mortgage changes

APRA actions Financial System Inquiry recommendation telling banks to lift capital requirements backing residential mortgages....

Funds management

Banks to lift capital adequacy ratios

A new APRA analysis has pointed to Australia’s major banks needing to significantly lift their capital adequacy ratios to meet the aspirations of the FSI report....

Superannuation

SMSF Association backs independent directors

The Federal Governments move to ensure superannuation funds have one-third of their directors independent, is critical to the governance, the SMSF Association believes....

Funds management

Industry funds wield market power - APRA

APRA deputy chairman, Ian Laughlin, has identified the market power of industry funds and how it has influenced the group life market. ...

Life/Risk

Questionable life practices outed by APRA

APRA deputy chairman, Ian Laughlin claims life companies have pursued questionable practices in their pursuit of adviser business....

Superannuation

Multiple accounts gouging super fees

Almost half of all working Australians have more than one superannuation account, and they pay $532 a year in fees per account....

Superannuation

APRA downgrades select reporting obligations

APRA says it has reduced the compliance burden of super funds under its watch by changing a definition and cutting back on heavily-criticised duplication in reporting req...