All posts tagged "Helen Rowell"
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198Australia & NZAPRA Imposes Licence Conditions on CBA-owned Avanteos Investments
CBA-owned Avanteos Investments charged over 2200 deceased members adviser service fees for 15 years, resulting in a total financial impact of over A$6mn.
December 13, 2019 -
145Australia & NZAPRA Publishes Names of Underperforming Super Funds
APRA has published a colour-coded 'heatmap' to lift industry practices and enhance member outcomes by enabling comparison between superannuation products.
December 11, 2019 -
257Australia & NZ
APRA ‘Heatmaps’ to Expose Underperforming Super Funds
The heatmap is designed to emphasise underperformance, not to be used as a peer ranking mechanism or give a pat on the back to better-performing superannuation products.
November 20, 2019 -
336Australia & NZ
APRA Launches Superannuation Data Transformation Project
The initiative aims to drive better industry practices, enhance the consistency of reported data, and make it easier to compare fund and product performance.
November 8, 2019 -
259Australia & NZ
APRA’s Authority Potentially Undermined by IOOF Court Loss
APRA initiated court action against IOOF seeking to ultimately disqualify its executives from the industry, but instead the court dismissed the regulator's case.
September 25, 2019 -
307Australia & NZ
APRA Finalises Rules for How Super Funds Must Assess Performance
Starting in January, superannuation licensees will be required to perform business performance reviews to assess whether they are delivering sound, value-for-money outcomes for members.
August 29, 2019 -
417Australia & NZ
APRA Extends Change of Ownership Powers to Super Sector
From 5 July, any party seeking to acquire more than a 15% stake in a superannuation licensee will be subject to must apply to APRA first for approval.
June 26, 2019 -
558Australia & NZ
APRA Revises Prudential Standard to Enhance Superannuation Outcomes
The revisions will require superannuation licensees to review their performance, analyse member outcomes, and take action to address areas that require improvement.
May 2, 2019 -
470Australia & NZ
APRA to Publish Names of Worst Performing Super Funds
APRA plans to publish the names of Australia’s worst performing superannuation funds in a drive to improve investor outcomes, standards and accountability in the industry.
March 15, 2019
