APRA

Superannuation

The Your Future, Your Super performance test will only disclose to superannuation funds whether they had passed or failed and would not give any value indications. ...

Life/Risk

New business premiums for individual disability income insurance will drop 15% due to the prudential regulator’s product intervention measures, according to DEXX&R projec...

Superannuation

The corporate watchdog will be checking communications from responsible superannuation entities to beneficiaries of MySuper funds that fail the Your Future, Your Super pe...

Financial planning

Trustees should come up with an approach that allows them to have necessary comfort that the quality of advice that is provided to members is as it should be, according t...

Superannuation

The superannuation fund has said it would hand over its members’ first names and emails to the publication if an arrangement were to go ahead. ...

Financial planning

The corporate and prudential regulators guidance on advice for superannuation trustees warns trustees about trusting financial advisers....

Superannuation

The corporate and prudential regulators have put superannuation trustees on notice that they can expect a further follow up on their advice fee practices and that they ex...

Policy & Regulation

The legislation to set up the Financial Regulator Assessment Authority has passed to assist the corporate watchdog’s new chair to ensure the Australian Securities and Inv...

Superannuation

A second stage as part of the super test benchmark is needed to avoid relying on automation which could create issues similar to that of the Robodebt saga, according to t...

Policy & Regulation

The prudential regulator is unlikely to make any findings on the political appropriateness of advertising from super funds but may recommend a follow-up inquiry....

Superannuation

The Australian Prudential Regulation Authority will start collecting data on annual payments to industry associations by registrable superannuation entities from 1 July, ...

Life/Risk

While individual disability income insurance products recorded a loss of $0.3 billion over the year to end March, 2021, this was a $1.1 billion improvement on last year’s...

Superannuation

Super funds have been warned by the Australian Prudential Regulation Authority that a single serious accusation of misconduct when it comes to risk management is a pruden...

Policy & Regulation

A Parliamentary Committee has found that the Hayne Royal Commission failed to adequately scrutinise industry superannuation fund structures and the Australian Prudential ...

Policy & Regulation

The Government’s attempts to give itself a brake on industry funds investment decisions appears headed for significant amendment in the Senate. ...

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MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 3 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 3 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 4 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

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