The additional licence conditions require four Insignia trustees to improve their governance and risk management practices, processes and frameworks.
November 4, 2022The published data for the first time includes information on the number and types of products and investment options available in the superannuation industry.
October 24, 2022APRA expects all trustees to evaluate and improve their processes for selecting, monitoring and overseeing outsourcing arrangements.
October 8, 2022The Federal Court ruled that ASIC failed to establish that CBA received conflicted remuneration when distributing Colonial First State's superannuation product.
October 3, 2022Super funds are exposed to cyber crime, as well as AML risks resulting from the growth in merger activity across the sector.
September 28, 2022The Federal Court said the conduct reflected “very poorly on the organisation culture” of AMP, fining its subsidiaries a total A$14.6mn.
September 26, 2022Businesses may be asked to substantiate their green claims. The ACCC may take enforcement action if consumers are being misled or deceived.
September 21, 2022The orders prevent the funds from being offered or distributed to consumers until deficiencies in their TMD statements are addressed to ASIC's satisfaction.
September 15, 2022If the legislation passes, the FAR will apply to banks six months after commencement, and to insurance and superannuation 18 months after commencement.
September 14, 2022APRA will modernise its guidance for banks, insurers and superannuation funds to make it easier to understand and comply with.
September 13, 2022