ASIC says retail investors who are approached to invest in green bonds should ask their banks for help to check the legitimacy of the offer.
May 21, 2022AIST is asking AUSTRAC to recognise that super funds are presented with lower risks than other reporting entities, and to align its expectations for SoF and SoW checks accordingly.
April 18, 2022APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.
April 11, 2022On the whole, assets in small and medium sized super funds are declining. Large super funds can more easily spread their costs over a wider membership base.
April 11, 2022China's crackdown on certain sectors has left super fund executives fearing that direct equity exposures to China may not be worth the added risk.
March 18, 2022Under the new model, about 20% of AFCA members would experience a decrease in fees, while 70% would see no impact.
March 16, 202213 super funds failed APRA's inaugural MySuper Product Performance Test last August. The worst performer, Maritime Super, is in talks to merge with industry fund Hostplus.
February 28, 2022APRA plans to start publishing new aggregate industry, fund-level and product-level statistics on superannuation from June.
February 22, 2022ASIC says individuals who set up self-managed super funds may be increasingly targeted by scammers to invest in crypto-assets.
January 19, 2022The reforms extend AFS licensing requirements to a greater range of proxy adviser activities, as well as enhance transparency of super funds' voting records.
December 23, 2021