APRA has concluded three thematic reviews into core operational areas for super funds. Trustees are asked to draw from the findings to improve their operations.
October 29, 2021The amendments include enhanced requirements for PRF operators including product providers, trustees, management companies and insurance companies.
October 29, 2021The RBI said it has observed "a low level of relationship segment details" in the databases of credit information companies.
October 27, 2021Monetary penalties have increased from PHP 30,000 to a maximum PHP 1 million for each violation. Fines up to three times profit gained or loss avoided can also be imposed.
September 14, 2021ASIC says more work is needed from superannuation trustees to comply with new internal dispute resolution standards that become enforceable in October.
September 3, 2021If the failing super funds do not improve in next year's test they will have to transfer their members to funds that deliver better outcomes.
August 31, 2021Superannuation 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, 2021Trustees should have in place processes and a robust assurance framework to ensure fee deductions from superannuation accounts are appropriate.
July 7, 2021The updated rules aim to further streamline the centralised database and provide further ease of access of information for investors.
June 11, 2021APRA is piloting a risk culture survey with plans to roll it out to a number of superannuation entities in 2022.
June 1, 2021