All posts tagged "Superannuation"
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1.1KAustralia & NZAPRA Imposes Licence Conditions on NAB Unit NULIS Nominees
NULIS Nominees is required to improve its governance and control environment, and ensure members’ best interests are prioritised in its decision-making.
August 28, 2020 -
669Australia & NZAPRA to Recommence Policy Work, Licensing Activity
APRA will recommence public consultations on high-priority prudential policy reforms, and begin accepting new licence applications in September.
August 11, 2020 -
507Australia & NZAustralia: Former Financial Adviser Jailed for Six Years
Graeme Walter Miller was sentenced to six years’ imprisonment for misappropriating close to A$2mn for his own purposes.
August 4, 2020 -
687Australia & NZATO Commences Pilot Audit of Early Super Withdrawal Scheme
The tax office is contacting Australians who withdrew their superannuation funds early to assess if the need was genuine, and whether they should be penalised.
August 3, 2020 -
909Australia & NZ
ASIC Tightens Timeframe for Complaints Handling in Financial Sector
Superannuation trustees have 45 days to respond to a complaint, compared to 90 days previously. Other financial services and credit providers have 30 days.
July 31, 2020 -
709Australia & NZAustralia Extends Early Super Access Deadline to Year-end
As of 19 July, superannuation funds had paid out A$28bn to their members under the early release scheme.
July 24, 2020 -
411Australia & 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 -
546Asia-PacificNearly 500,000 Australians Deplete Retirement Savings
Industry Super Australia estimates that 480,000 Australians have wiped out their superannuation savings through the government’s early release scheme.
July 6, 2020 -
498Australia & NZ
APRA Heatmap Having Desired Effect on Super Fees
APRA is putting more than a dozen MySuper trustees on notice that it is considering enforcement action against those that continue to underperform on fees.
July 2, 2020 -
355Australia & NZ
APRA Seeks Additional Data from Superannuation Licensees
Superannuation licensees will have to report monthly and quarterly data covering areas such as complaints, insurance claims, operational resilience, FX exposure, and liquidity.
June 25, 2020
