All posts tagged "member outcomes"
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338Australia & NZAPRA Urges Super Licencees to Simplify, Consolidate Products
This level of choice in the super industry may work against competition, overwhelming members with the more than 40,000 available options, says APRA's Helen Rowell.
July 24, 2020 -
293Australia & NZAPRA Issues 2nd Consultation Package on Superannuation Data Collection
APRA has released two topic papers addressing the most urgent gaps in its data collection, particularly for choice products and investment options.
December 24, 2019 -
289Australia & NZ
APRA 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 -
155Australia & NZ
APRA Releases Practice Guide for Super Performance Reviews
The business performance review requirement requires an RSE licensee to undertake a holistic assessment of its performance across its business operations, services and product offerings.
December 3, 2019 -
381Australia & NZ
APRA Proposes Best Interests Duty for Insurance in Superannuation
Superannuation funds which use related parties to deliver insurance will need to certify that the arrangements are in the best interests of members.
November 26, 2019 -
420Australia & 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 -
375Australia & 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 -
476Australia & 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
