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| | | ... between 2019 and 2013. Under the new structure, Bradbury will assume responsibility for APRA's supervision of the superannuation industry, while existing member Suzzanne Smith will continue overseeing general, life and private health insurance. APRA ... |
| | | | Rest and Vanguard both reported solid returns as global equities continue to underpin portfolio performance despite ongoing market volatility. Rest's flagship MySuper Growth option returned 9.81% for the year to June 30, marking the fourth consecutive ... |
| | | | New data from Rainmaker Information found MySuper or default options continued to deliver consistent performances and returns for Australians, despite periods of uncertainty. According to the Rainmaker MySuper Index, which contains all MySuper and default ... |
| | | | ... navigating what chief investment officer Dan Farmer described as one of the most volatile years in recent history. "Superannuation is the longest-term, and largest, investment most Australians will have," Farmer said. "This last financial year, more ... |
| | | | ... fund had been approved at every relevant level of the financial services chain: the licensee, the platform, the superannuation trustee, and an independent research house. It has since become the subject of regulatory stop orders, liquidity concerns ... |
| | | | Australia's superannuation system is forecast to triple in size over the next two decades reaching $12.4 trillion by 2045, as sustainable retirement outcomes become the sector's defining challenge. According to the latest edition of Deloitte's Dynamics ... |
| | | | ... risk stress test (SRST), highlighting the resilience and stability of the financial market depends heavily on the superannuation sector. The SRST, which focussed on links between the banking and super systems, deployed a 12-month scenario involving liquidity ... |
| | | | Future Group is acquiring WTW's superannuation licensed entity, Stewarda, to establish trustee capabilities in house. The transaction is subject to APRA's approval. Stewarda holds an APRA extended public offer RSE licence allowing it to act ... |
| | | | A $1.1 billion surge in advice fees deducted from Australians' superannuation accounts over the past two years has prompted fresh calls for stronger consumer protections. This comes amid concerns younger members are being switched into higher cost ... |
| | | | Mercer Superannuation Australia will pay a $10.3 million penalty after it admitted to breaching the Reportable Situations Regime on several occasions, which the Federal Court found could have had the "potential to have a detrimental effect on members." ... |
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