Search ResultsShowing 1 - 10 of 100+ results for "APRA"
New super fund to launch
ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... live but a spokesperson confirmed it has staff working across Sydney, Melbourne and Perth. The fund was registered with APRA on 10 September 2019, according to the Australian Taxation Office. In Xplore Wealth's most recent business update , posted to ...
Future of life insurance in doubt: APRA
ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... industry and questioning its sustainability. "Australia's life insurance sector faced deteriorating conditions over 2019," APRA said in its report Safeguarding Australia's Financial Wellbeing . The viability of some life insurance products, the regulator ...
J.P. Morgan wins custody mandate
ELIZABETH MCARTHUR  |  THURSDAY, 16 JAN 2020
... platform, responsible superannuation entity (RSE), managed discretionary accounts and DIY super administration "We met with APRA to talk about our business plan for Aracon," Wright said. "We think it'll go to eight sub-plans. Some will be start up ...
Industry fund strengthens board
HARRISON WORLEY  |  MONDAY, 13 JAN 2020
... fund continues to broaden the diversity and skillsets of its directors. An experienced director, Bels sits on the board of APRA-regulated payment and settlements services provider Australian Settlements, as well as the Australia and New Zealand Recycling ...
Government edges towards regulator cooperation
HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
Draft legislation compelling ASIC and APRA to work with one another in overseeing the financial services industry is open for consultation. The government has taken a major step towards ensuring the cooperation of the corporate and prudential regulators ...
New Year, new APRA
ALLY SELBY  |  FRIDAY, 20 DEC 2019
Like many of us do nearing the end of the year, APRA has taken time for some self-reflection and assessment, identifying three areas it needs to work on next year. APRA has released its 2018/19 self-assessment report to review its key performance indicators ...
What you read in 2019: Superannuation
JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... administrators and proved some funds leave a lot to be desired when it comes to communicating with members. And finally, APRA's heat maps that came out just last week have already been the subject of scrutiny but the question still remains: will consumers ...
Westpac served class action
JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
... scheduled for late February or early March 2020, with the bank saying it is determined to fix its problems. Earlier this week, APRA launched its own official investigation into Westpac for possible breaches of the Banking Act, including the Banking Executive ...
More MySuper accounts close than open: APRA
HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
Latest data from APRA shows more MySuper accounts closed in the last financial year than were opened. According to APRA's annual MySuper statistics, about 2,151,403 new MySuper accounts were created in the 2018/19 financial year. However, about 2,189,859 ...
APRA joins in on Westpac scrutiny
ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
APRA has launched a formal investigation into Westpac for possible breaches of the Banking Act. The prudential regulator said the investigation will focus on the conduct that led to AUSTRAC launching its criminal charges against the bank over an alleged ...
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