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| | | The Association of Superannuation Funds of Australia (ASFA) and EY have released guidance to help superannuation trustees navigate key aspects of APRA's new prudential standard, CPS 230. CPS 230 will come into effect on July 1, making super trustees ... |
| | | | ... program comes on the back of ASIC's review into the death benefit claims handling practices of 10 superannuation trustees in March. ASIC's review found Rest had resolved just 8% of claims within 90 days - the lowest rate among the trustees assessed. ... |
| | | | ... Consumers Australia (SCA). In the wake of a review by ASIC into death benefit claims handling practices of superannuation trustees last month, which unearthed systemic failures that force Australians to "suffer the stress" of navigating with a complicated ... |
| | | | A review of major superannuation trustees by ASIC found that not even one monitored or reported on the full process of death benefit claims handling. The review of superannuation trustees including, Australian Retirement Trust, Avanteos (Colonial First ... |
| | | | ... financial advice. Abood also raised concerns that the draft legislation doesn't impose any obligation on superannuation trustees to provide advice on key areas of retirement to consumers, like, estate planning, aged care, and the Age Pension, including ... |
| | | | ... challenge his ruling. Separately, as previously reported by Financial Standard, APRA is proposing changes to superannuation trustees, insurers, and bank board's governance requirements. The regulator wants to ratchet up minimum standards for the ... |
| | | | The boards of superannuation trustees, insurers, and banks are on notice, with APRA proposing changes to "strengthen and streamline" governance requirements. The regulator has released eight proposals in what marks the first "significant update" of ... |
| | | | ... take strong action where we consider that members are not getting the service they deserve from their superannuation trustees," Court said. This was the first case that ASIC has brought in its capacity as a co-regulator with APRA alleging contraventions ... |
| | | | ... and steps in regard of that." In late 2024 and throughout 2025 so far, ASIC has made several appeals to superannuation trustees to rectify poor claims handling practices. In November 2024, ASIC wrote to super trustees warning them to ensure their claims ... |
| | | | ... life," Howes said. AMP's latest solution follows a joint call from APRA and ASIC in June last year for superannuation trustees to step up efforts in tracking and measuring the effectiveness of their strategies to improve retirement outcomes for members. ... |
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