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Showing 1 - 10 of 2456 results for "APRA"

Super system to hit $12.4tn by 2045

VINNY VUCAGO  |  TUESDAY, 30 JUN 2026
... across the sector, with the number of funds managing more than $100 billion expected to increase from 10 to 12. The top 25 APRA-regulated funds already control 97% of industry assets, while the top 10 account for almost three quarters of the market. ...

Super the backbone of stressed financial ecosystem: APRA

MATTHEW WAI  |  TUESDAY, 30 JUN 2026
The Australian Prudential Regulation Authority (APRA) has unveiled key findings from its inaugural system risk stress test (SRST), highlighting the resilience and stability of the financial market depends heavily on the superannuation sector. The SRST ...

Future Group to internalise super trustee structure

MATTHEW WAI  |  MONDAY, 29 JUN 2026
... 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 as trustee for multiple super funds, including Future Super, Verve Super ...

Advice fee spike raises super concerns: SMC

VINNY VUCAGO  |  MONDAY, 29 JUN 2026
... members with less than $100,000 in super are between 18 and 40 times higher than remaining in a MySuper product offered by an APRA-regulated fund. Costs only become broadly comparable at balances approaching $2 million. SMC chief executive Misha Schubert ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... inadequate monitoring of key risk indicators such as member churn, patterns in fees, holding limits and unusual fund flows. APRA wrote to trustees in in October last year in the wake of the First Guardian and Shield Master Fund collapses, alerting them ...

Payday Super to tackle gender super gap: Aware Super

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... to us," Aware Super chief executive Deanne Stewart said. Aware Super had 1.26 million member accounts at the end of March. APRA statistics show that 63% of its members are females. A recent survey from Rest found two-thirds of Australian businesses expect ...

Generation Life confirms personal information leaked in cyber incident

MATTHEW WAI  |  THURSDAY, 25 JUN 2026
... has also notified relevant government authorities and regulators, including the Australian Prudential Regulation Authority (APRA), the Australian Cyber Security Centre (ACSC), the Office of the Australian Information Commissioner (OAIC), and the National ...

APRA investigating Diversa's executive compensation

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
APRA has commenced an investigation into if Diversa's executive remuneration decisions were made in accordance with prudential standards and trustees' duties under the Superannuation Industry (Supervision) Act. "Prudent remuneration practices play a ...

Diversa drags Praemium into First Guardian lawsuit

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... Powerwrap or OVWS to date. Praemium said it will "will review the claim and take advice and update the market in due course." APRA imposed additional licence conditions on Diversa in late 2025. APRA said it has concerns relating to Diversa's investment ...

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter. Newly released APRA statistics show MySuper's assets under management (AUM) reached $1.16 trillion, while Choice products had $1.48 trillion ...
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