APRA 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, 2021APRA is considering rules that could limit super fund spending on advertising and memberships, as well as changes to the prudential standard on investment governance.
May 20, 2021Industry bodies broadly support the inclusion of administrative fees in the performance test, though an extra one million super accounts could fail the test as a result.
May 5, 2021To improve member outcomes, APRA will focus on strengthening its prudential framework, sharpening supervision, improving data and enhancing transparency.
February 16, 2021ASIC’s Jane Eccleston says trustees of non-public offer funds need to apply for an AFS licence or vary their existing licences by 30 April 2021.
February 15, 2021Submissions in the previous consultation sought further clarification on the proposed changes, which are aimed at improving member outcomes.
January 21, 2021