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Showing 461 - 470 of 1821 results for "APRA."

Funds need retirement income strategy by July

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
Writing to super fund trustees, ASIC and APRA have confirmed that under the Retirement Income Covenant funds will need a strategy in place by July 2022. Outlining the timeline for implementing the covenant, ASIC and APRA said by 1 July 2022 funds are ...

Trustees to be quizzed on climate risk management

JAMIE WILLIAMSON  |  THURSDAY, 3 MAR 2022
Many superannuation funds will soon be asked to self-assess how their current practices align to the prudential regulator's guidance on managing the financial risks of climate change. APRA will soon be sending a voluntary survey to medium-to-large ...

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
Voluntary member contributions helped push the superannuation asset pool to a new record of $3.5 trillion at the end of 2021. The latest statistics from the prudential regulator shows total superannuation assets grew 14% to $3.47 trillion year on year. ...

SMSFA welcomes ATO adjustments

CHLOE WALKER  |  THURSDAY, 24 FEB 2022
The SMSF Association has welcomed adjustments made by the Australian Tax Office (ATO) to align its SMSF performance calculations more closely with the methodology used for APRA-regulated funds. In its 2019-20 SMSF statistical overview report, the ATO ...

APRA takes next step on super data

JAMIE WILLIAMSON  |  FRIDAY, 18 FEB 2022
The prudential regulator wants to begin publishing data on all superannuation products and investment options, commencing a new consultation today. Last year APRA undertook phase one of its data transformation which saw super trustees required to provide ...

ATO underestimates SMSF performance: Report

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
A new report from the Self-Managed Superannuation Fund Association (SMSFA) and the University of Adelaide has found the Australian Taxation Office is increasingly underestimating the performance of SMSFs. The SMSFA and the University of Adelaide's International ...

Former APRA executive joins Zurich

CHLOE WALKER  |  THURSDAY, 3 FEB 2022
Zurich has appointed former APRA executive board member Geoff Summerhayes to its suite of boards. A former financial services chief executive, director and APRA executive board member, Summerhayes joins five of Zurich's main APRA-regulated boards as ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
The prudential regulator has outlined its policy and supervision priorities for 2022, saying its prime focus is rectifying sub-standard industry practices and eradicating unacceptable product performance. Released yesterday, APRA said it will continue ...

Members lean on super for financial hardships

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
Members continue to rely on their superannuation funds to access retirement savings based on compassionate grounds and in the event of financial hardship, APRA statistics show. Released overnight, APRA's June 2021 Superannuation Bulletin reveals ...

The future is bright for BT: Rady

JAMIE WILLIAMSON  |  FRIDAY, 28 JAN 2022
As he marks 90 days as chief executive, Matt Rady tells Financial Standard how, despite the industry exodus and the company's own challenges in 2021, financial advisers are increasingly turning to BT Financial Group. Speaking with Financial Standard ...