Survey responses from banks. insurers and super funds shows are "encouraging". A key area for improvement is metrics and targets.
August 5, 2022APRA proposes to update its prudential standard governing strategic planning and member outcomes in superannuation, just 2.5 years after it took effect.
August 1, 2022APRA proposes to introduce a new cross-industry prudential standard on operational risk management, which also covers third-party service providers.
July 29, 2022Quarterly publications will start in September and annual publications in early 2023, comprising new and expanded data on an industry, fund and product basis.
July 27, 2022In light of the upcoming review, the government will pause a planned extension of APRA's performance tests beyond MySuper products for 12 months.
July 13, 2022APRA proposes to require FIs to publicly disclose how their remuneration arrangements are designed and how risk is factored into remuneration outcomes for key executives.
July 7, 2022Under the retirement income covenant, superannuation trustees are expected to consider providing superannuation calculators or retirement estimates to members.
July 7, 2022The communication strategies of some trustees may have risked confusing or misleading members about their product’s performance, ASIC said.
June 27, 2022Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
June 14, 2022The new user-pay model will reward good performance and early resolution while apportioning fees fairly based on the actual use of AFCA’s services.
June 2, 2022