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Showing 1321 - 1330 of 1830 results for "APRA."

Research contradicts group risk claims crisis

MARK SMITH  |  MONDAY, 16 JUN 2014
Price hikes widely anticipated in the super fund group risk market have not manifested in any more than a small handful of funds. That is the finding of the 2014 Rainmaker superannuation group insurance survey of 14,834 risk options offered by 206 super ...

ME Bank in search for new chief risk officer

LAURA MILLAN  |  FRIDAY, 13 JUN 2014
ME Bank has started an executive recruitment process to replace its longstanding chief risk officer, who recently departed the bank. Nick Vamvakas left his position as ME Bank chief risk officer on February 28, 2014, and was recently appointed chief ...

APRA announces draft 2014-15 supervisory levies

ALEX DUNNIN  |  TUESDAY, 27 MAY 2014
The Australian Prudential Regulation Authority (APRA) and Treasury have issued a discussion paper on the proposed supervision levies they wish to impose on financial entities for next financial year. In the paper APRA said it needs to raise $117 million ...

Super returns bonanza fizzles out

JAMES FERNYHOUGH  |  FRIDAY, 23 MAY 2014
Super funds have seen the lowest rates of return for almost two years, according to figures released by the Australian Prudential Regulation Authority (APRA). In the March quarter, super funds with more than $50 million in funds under management saw ...

Bring in Chilean-style super tender process: Grattan Institute

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
The government should get involved in picking default superannuation funds in order to increase competition and bring down fees, a Grattan Institute report has argued. The report, entitled 'Super sting: how to stop Australians paying too much for superannuation' ...

Wake-up call for watchdog after inquiry

LAURA MILLAN  |  TUESDAY, 22 APR 2014
The Economics Committee conducting the inquiry into the performance of the Australian Securities and Investments Commission (ASIC) will present the Senate with "a widespread report that will include the industries' black holes and dark corners." The ...

APRA requests more decision-making power

JAMES FERNYHOUGH  |  MONDAY, 7 APR 2014
The Australian Prudential Regulation Authority (APRA) has used its submission to the Financial System Inquiry to call for increased independence from government. APRA's submission argues that it needs more freedom to regulate the banking, superannuation ...

ASFA and AIST push for tighter regulation of SMSFs

JAMES FERNYHOUGH  |  WEDNESDAY, 2 APR 2014
Two of the major superannuation industry bodies have used their submissions to the Financial System Inquiry to call for tighter regulation of the self-managed superannuation funds (SMSF) sector. Both the Association of Superannuation Funds of Australian ...

ICAA questions AFSL system, calls for individual licensing

ALICE URIBE  |  TUESDAY, 1 APR 2014
The Institute of Chartered Accountants Australia (ICAA) has said that the current practice of individual financial advisers operating under the Australian Financial Services Licences (AFSLs) of institutions could result in a decline of competition and ...

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN  |  TUESDAY, 1 APR 2014
Commonwealth Bank (CBA) is asking the Financial Systems Inquiry to remove super from awards and to amend legislation so employers can select any MySuper product as the default fund for their employees. In a submission to the Murray inquiry, CBA said ...