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Showing 1 - 10 of 32 results for "New APRA"

Superannuation assets jump to $4.5tn: APRA

KARREN VERGARA  |  WEDNESDAY, 26 NOV 2025
Members' superannuation savings climbed 9.4% in the year to September to $4.5 trillion, new APRA data shows, spearheaded by the industry funds dominating the asset pool. Industry super funds' assets under management (AUM) grew by 13% annually ...

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
... insurance industry appears to have moved past its loss-making years, reporting a $332 million profit at the end of March, new APRA figures show. About $5.7 billion was generated in insurance revenue, marking a 3% rise from the December 2024 quarter. ...

Super fund promotional expenses balloon: APRA

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
Superannuation funds' promotional expenses continue to balloon as new APRA data shows that AustralianSuper has the biggest marketing budget while Hostplus continues to splurge on sponsorship deals. Hostplus splashed a staggering $13.7 million on ...

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... big on external financial advisers, while industry funds prefer to invest in their own advisers and intra-fund advice, new APRA data reveals. APRA's recently published data based on the 2023 financial year reveals that retail superannuation funds ...

Smaller super funds eye AustralianSuper, ART dominance

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... to dominate the superannuation sector in terms of total assets, the smaller players are becoming serious contenders. New APRA statistics show that AustralianSuper had more than 3.4 million members at the end of March with $335.3 billion in savings. ART ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... its MySuper and Choice Heatmaps. It will publish the heatmap, which is being updated using data submitted through the new APRA Connect system, for the first time in early 2023. Working alongside ASIC, APRA said it also endeavours to influence improved ...

APRA reinforces capital call expectations

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
New APRA chair John Lonsdale wrote to banks and general and life insurers to remind them of the prudential requirements for additional Tier 1 and Tier 2 capital instruments. "With global credit spreads widening significantly over the past 12 months ...

New APRA chair named

JAMIE WILLIAMSON  |  FRIDAY, 28 OCT 2022
... system," under his leadership. Meanwhile, executive directors Suzanne Smith and Therese McCarthy Hockey will be appointed as new APRA members. In addition to her new role, Cole will continue to oversee APRA's superannuation activities. Deputy chair ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... promoted its members' best interests over the 2020 financial year. But 41% of the funds in question will likely fail the new APRA performance test due to high fees and poor returns. The research found 17 out of the 42 funds were likely to fail the ...

Superannuation assets hit $3.13tn

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
Superannuation assets hit a record high of $3.127 trillion at the end of the March 2021, new APRA figures show. This is a 15.1% increase year on year, APRA said in releasing the quarterly figures, attributing the growth to strong investment performance. ...
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