Search ResultsShowing 1 - 10 of 100+ results for "APRA"
Industry fund general manager steps down
KANIKA SOOD  |  FRIDAY, 13 DEC 2019
... Essendon Football Club and American Express. HESTA earlier this week emerged with clear ratings in all categories of the APRA heat map . It is also the best performing superannuation fund on risk-adjusted MySuper returns , in the most recent Rainmaker ...
APRA slaps extra conditions on Avanteos
HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... amount to more than $6 million, including interest. The firm has since remediated all affected accounts however, following an APRA investigation, the prudential regulator has imposed a range of additional conditions to the firm's RSE license to ensure ...
SCA drags AMP over claim delays
ALLY SELBY  |  TUESDAY, 10 DEC 2019
... board; criticising the wealth giant for significant delays in its "abhorrent" handling of group insurance claims. Citing APRA's Life Insurance Claims and Disputes data released in June this year, the people's advocate in the superannuation sector lashed ...
IOOF, ANZ transaction gets green light
ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
APRA has approved IOOF's application to purchase ANZ's superannuation business. The decision to allow the purchase of OnePath Custodians and Oasis Funds Management comes from APRA after it was granted the legislative power to approve or refuse an application ...
MySuper heat map lauds industry funds
HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
Industry super funds fared best in APRA's first MySuper heat map, forming the majority of products given the all clear by the regulator. APRA's MySuper heat map, released this morning, demonstrates the lead large industry super funds have over ...
APRA releases MySuper heat map
HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... for MySuper products, with deputy chair Helen Rowell saying it's likely many in the industry will feel uncomfortable. APRA released the first iteration of its MySuper heat map this morning, which uses a graduating colour scheme to demonstrate the ...
BT Super announces new admin fees
ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... April 2020 and 30 June 2020 MySuper customers will receive a 10 basis point rebate. BT warned that the soon to be published APRA "heat maps" will not reflect the new administration fees. "We strongly support measures to increase transparency for customers ...
Sunsuper head of corporate, insto sales departs
KANIKA SOOD  |  MONDAY, 9 DEC 2019
... adviser experience. El-Khoury spent five years at Sunsuper. Prior to this, she worked at Plum Financial Services, NAB and APRA. In July, MetLife hired former MLC Life head of product John Ashton as its retail product. Sunsuper is currently considering ...
APRA proposes new banking data policies
ALLY SELBY  |  FRIDAY, 6 DEC 2019
APRA has proposed new policy changes that would see a substantial increase in the data it makes publicly available on banks, credit unions and building societies. It comes as various scandals continue to tarnish Australia's banking industry post Hayne ...
Regulators circle as scandal engulfs Westpac
ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
APRA has put Westpac on notice; warning the disgraced bank could face fines and disqualification of senior directors and executives as it considers whether to launch legal action. APRA chair Wayne Byres told a parliamentary hearing on Monday that the ...
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