In APRA's 2022 ‘MySuper Heatmap', only one other super fund trustee charged more in administration fees than Diversa Trustees' product.
January 26, 2023The measures are proposed in response to the erosion of member benefits that occurs when successor fund transfers are carried out.
November 14, 2022The additional licence conditions require four Insignia trustees to improve their governance and risk management practices, processes and frameworks.
November 4, 2022APRA expects all trustees to evaluate and improve their processes for selecting, monitoring and overseeing outsourcing arrangements.
October 8, 2022APRA proposes to update its prudential standard governing strategic planning and member outcomes in superannuation, just 2.5 years after it took effect.
August 1, 2022APRA said the direction was necessary to ensure NESS Super Pty Ltd expedites the appointment of an additional independent director.
May 16, 2022Phase 2 will deliver more data on retirement outcomes, performance, efficiency, governance, risk management practices, fund operations and industry risks.
April 5, 2022APRA plans to start publishing new aggregate industry, fund-level and product-level statistics on superannuation from June.
February 22, 2022The test will be based on the most recent financial year of administration fees, rather than the past eight years, to incentivise fee reductions.
August 10, 2021The reforms will enable easier comparison of super funds and block underperforming funds from gaining new members, among other changes.
June 23, 2021