australian prudential regulation authority

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Financial planning

Financial adviser exam will cost millions

The Financial Adviser Standards and Ethics Authority’s business plan has revealed the financial adviser exam will cost millions and be the authority’s single biggest expe...

Policy & Regulation

APRA moves to disqualify IOOF executives including MD

The Australian Prudential Regulation Authority has initiated action against IOOF including seeking the disqualification of its most senior executives, including managing ...

Superannuation

Who drove AMP’s super fee cut?

The Royal Commission has heard that the time-table attaching to the AMP superannuation fund boards’ decision to cut MySuper fees by 50 basis points was devised elsewhere ...

Policy & Regulation

AMP to face another Royal Commission grilling

AMP Limited is listed to face another round of Royal Commission questioning as the process enters its final week....

Policy & Regulation

RC probes causes of misconduct

The Royal Commission will today begin its final round of hearings looking at what caused the misconduct and what can be done to fix those causes....

Superannuation

Just 25 to 30 major super funds predicted to remain

Australia could be left with as few as 25 or 30 major superannuation funds in the next decade as changes roll through the industry, not least those resulting from the Roy...

Policy & Regulation

APRA reveals enforcement strategy terms of reference

The prudential regulator has announced the terms of reference for a review of its enforcement strategy....

Superannuation

ASFA warns of $1.6m cap impact on franking credits proposal

The Association of Superannuation Funds of Australia has warned that the Labor Party’s proposal to abolish refundable franking credits needs to take into account the bedd...

Policy & Regulation

APRA finalises cyber security prudential standard

The Australian prudential regulator has finalised the standard aimed at combating the threat of cyber attacks....

Policy & Regulation

Life insurer claims data provision made mandatory

Life insurance companies are now under a legal obligation to provide consistent data on claims and disputes to the Australian Prudential Regulation Authority and the Aust...

SMSF

SMSF Association calls for end of ‘active member’ test

The SMSF Association has urged the Government to do away with the ‘active member’ test imposed by the Income Tax Assessment Act to allow self-managed superannuation fund ...

Life/Risk

Insurers still struggling on profitability

The latest Australian Prudential Regulation Authority analysis points to a life/risk industry still struggling to return to normal levels of profitability....

People & Products

Lombard Risk announces ANZ expansion

Lombard Risk has announced an Australia and New Zealand expansion on the back of new Australian Prudential Regulation Authority reporting requirements....