The new information package includes guidance for banks on transitioning to the FAR, including a template for producing accountability statements.
October 4, 2023Deputy chair Margaret Cole said updating SPS 515 was one of APRA’s most important policy priorities in superannuation.
September 22, 2023ASIC alleges that for almost 10 years, AustralianSuper charged fees on unintended multiple accounts, affecting approximately 90,000 members.
September 8, 2023The review was conducted in late 2022, ahead of new investment governance standards taking effect in January.
September 6, 2023AMG MySuper failed the test for the third consecutive year; 96 trustee-directed products also failed the test.
September 1, 2023APRA will explore how shocks may be mitigated or propagated by interactions between banking, insurance, and superannuation.
August 30, 2023ASIC will target scams, digitally-enabled misconduct, predatory lending, and greenwashing, while also "closely monitoring" the use of AI.
August 30, 2023The methodology will apply in the MySuper performance test, for situations such as product mergers or closures where performance histories must be combined.
August 10, 2023ASIC alleges that Paul Ryan breached his director obligations by not considering the interests of Dixon Advisory’s creditors when the firm was approaching insolvency.
August 5, 2023New requirements to disclose information on remuneration frameworks, design, governance and outcomes will take effect from 1 January 2024.
August 2, 2023