Superannuation trustees will be required to have in place a retirement income strategy as outlined in a new position paper from 1 July 2022.
July 21, 2021The FAR will not impose civil penalty liability on accountable persons, a shift from the government's position in a January 2020 consultation.
July 20, 2021Trustees should have in place processes and a robust assurance framework to ensure fee deductions from superannuation accounts are appropriate.
July 7, 2021The reforms will enable easier comparison of super funds and block underperforming funds from gaining new members, among other changes.
June 23, 2021The guide provides comprehensive information to assist users in accessing, navigating and using APRA Connect.
June 7, 2021APRA is piloting a risk culture survey with plans to roll it out to a number of superannuation entities in 2022.
June 1, 2021ASIC has taken court action against AMP for charging deceased customers insurance premiums and advice fees. AMP has already remediated the impacted customers.
May 31, 2021Former adviser Ross Andrew Hopkins misappropriated about A$2.9mn of client funds without their knowledge over three years.
May 28, 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, 2021The test environment will be available from 17 June and production environment from 13 September. ADIs have to maintain BEAR information in APRA Connect from September.
May 19, 2021