AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Superannuation

AMP superannuation trustees are to pay $45 million in remediation relating to final matters referred from the Royal Commission....

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Superannuation

Administration fees on Choice products are 40% higher than for MySuper products, according to the regulator, with a $100,000 balance paying $391 per annum....

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Life/Risk

The claim admittance rate for advice individuals for disability income insurance was at 95% compared to 89% for non-advised clients, according to data from the prudential...

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Financial planning

Risk specialists, Australian Financial Risk Management have hit back at plaintiff law firm Maurice Blackburn suggesting it has criticised risks advisers on the basis of s...

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Superannuation

The vast majority of eligible Australians should receive early superannuation payments within five business days, according to Australian Prudential Regulation Authority ...

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Policy & Regulation

The Australian Securities and Investments Commission was only conducting five investigations relating to industry funds compared to 16 relating to retail funds. ...

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Superannuation

Both AustralianSuper and UniSuper have been reported as having imposed a downward revaluation of their unlisted assets....

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Superannuation

Superannuation industry executives have acknowledged the potential for funds to run into liquidity issues because of the downturn and risk to jobs in the travel, hospital...

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Policy & Regulation

A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....

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Superannuation

The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have welcomed the proposed reforms aimed at increasing the role of...

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Policy & Regulation

The Financial Services Council has recommended the two regulators must collaborate on information, documentation, and data requests and collection....

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Financial planning

Superannuation funds have been ‘engaged’ by the regulators over payments to financial advisers and other third parties....

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Policy & Regulation

The Australian Prudential Regulation Authority will be imposing a climate change stress test on banks, insurers and superannuation funds....

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Superannuation

A major industry fund has told a Senate Committee that the Australian Prudential Regulation Authority’s heatmaps got it wrong because of classification errors....

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Financial planning

The Australian Prudential Regulation Authority’s announcement of an increase to Westpac’s capital charge and the commencement of an investigation into possible breaches o...

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MARKET INSIGHTS

PETER JOHNSTON- AIOFP

Well done Keith and Neil, these Canberra Bureaucrats need to be stopped. ...

4 days 2 hours ago
JOHN GILLIES

WHEN I RETIRED A LOT OF GUY'S WERE STILL PRACTICING FORMS OF COLD CALLING. There nothing wrong with it as a way of estab...

5 days 2 hours ago
JOHN GILLIES

I thought you joined a dealer to be protected and have a better version of regulation explained, BUT The dealers themsel...

5 days 2 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

1 week 5 days ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

3 weeks 6 days ago

More than 20 winners from the funds management industry have been crowned at this year’s awards....

5 days 9 hours ago