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Showing 181 - 190 of 1819 results for "APRA."

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
Treasurer Jim Chalmers announced new reforms the government will be rolling out for Australia's superannuation system. Speaking at the annual Association of Superannuation Funds of Australia (ASFA) conference, Chalmers gave an address laying out ...

Cbus confirms CFMEU nominations to board

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
Cbus has confirmed Paddy Crumlin, Jason O'Mara and Lucy Weber have joined the board after satisfying a 'fit and proper persons test' as part of the ongoing independent review being conducted by Deloitte at the direction of APRA. The findings ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
HESTA has agreed to make payments to two cohorts of members impacted by valuation decisions made by the fund in March 2020. APRA said in March 2020, HESTA made downwards adjustments to five single sector Choice options invested in unlisted assets but ...

CareSuper, MIESF assess merger potential

JAMIE WILLIAMSON  |  TUESDAY, 19 NOV 2024
CareSuper and the Meat Industry Employees' Superannuation Fund (MIESF) are exploring the viability of a merger. The two funds have entered a Heads of Agreement and commenced a due diligence process. It comes hot on the heels of CareSuper completing ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
APRA executive member Therese McCarthy Hockey has outlined the regulator's big priorities in 2025, with the interconnectedness between banking and superannuation systems first on the agenda. McCarthy Hockey told FINSIA 's The Regulators event that APRA's ...

Australian Unity offloads banking business

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
Australian Unity has announced the sale of its banking business to Bank Australia, with the transfer set to be complete in late 2025. Under the agreement, Bank Australia will acquire Australian Unity banking customers and their existing loans, credit ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
Australian Retirement Trust (ART) suffered an outage that saw many members' fortnightly pension payments delayed by several days. The nation's second-largest superannuation fund has been experiencing "intermittent technology outages" that have ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
The market regulator provided an update on its investigation into ANZ's role as joint lead manager and risk manager of the issuance of 10-year Australian government Treasury Bonds last year. The investigation, commenced April last year, is currently ...

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
Retail superannuation offerings from AMP, Macquarie, and HUB24 spend big on external financial advisers, while industry funds prefer to invest in their own advisers and intra-fund advice, new APRA data reveals. APRA's recently published data based ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
APRA has published the in-depth data on super funds' expenditure from marketing costs and payments to industrial bodies to spending on member services, as the regulator puts a spotlight on how member money is being spent. AustralianSuper had the ...