APRA

Superannuation

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

Superannuation

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...

Life/Risk

APRA identifies exit of reinsurers as primary driver of higher premiums in group market....

Life/Risk

APRA warns life insurers they need to take responsibility for the manner in which their products are sold....

Superannuation

APRA will wait and see what finally emerges from the unions Royal Commission before acting with respect to allegations confronting Cbus....

Superannuation

SPAA mounts defence of LRBAs in wake of adverse FSI recommendation. ...

Financial planning

Authorised deposit-taking institutions’ mortgage lending practices will come under the microscope in 2015 as APRA seeks to clampdown on risky lending....

Superannuation

The increase in the cap for concessional contributions has led to the fastest growth in seven years for discretionary contributions while compulsory contributions have pl...

Superannuation

ISA claimed industry super funds have outperformed their bank-owned counterparts when it comes to median returns, after APRA released Quarterly MySuper Statistics....

Financial planning

AMP SMSF has backed calls for making it compulsory for financial advisers to undertake specific training if they are going to advise on SMSFs....

Funds management

SMSFs have on average only seven per cent of their total holdings in residential property hosing down claims that SMSFs are moving into that sector as investors....

Superannuation

APRA-regulated fund members demand advice and good communication if super funds want to retain them, but most are not ready to pay for this advice. ...

Life/Risk

Cheap group insurance cover has been used by industry funds to partially erode the client base of financial advisers while shoring up their own member base....

Life/Risk

Life insurers operating in the group risk area ignored warnings from APRA that price reductions and soft underwriting practices would affect profitability...

Financial planning

Victims of Financial Fraud group lash Medcraft’s call for tougher penalties, citing regulator’s past failures....

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