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| | | APRA has intensified its supervision of superannuation trustees, insurers and banks as geopolitical instability, rapid artificial intelligence (AI) adoption and growing complexity in global markets reshape the financial risk environment. In its latest ... |
| | | | ... First Guardian classes as investment options based on the information it had available," Court said. "Superannuation trustees play a critical role helping their members save for retirement, but we allege Equity Trustees failed to put the interests of ... |
| | | | ... forward from 2029 to next financial year. In a further change, ASIC issued a new class order relief for superannuation trustees, aligning portfolio holdings disclosure obligations for internally managed private debt with externally managed private debt. ... |
| | | | The Australian Prudential Regulation Authority (APRA) has called on superannuation trustees, insurers and to significantly lift their approach to managing artificial intelligence (AI) risks, warning current practices are not keeping pace with rapid ... |
| | | | ... he said. "We're also supportive of the government's proposal to introduce a legislative obligation on superannuation trustees to report to ASIC suspicious or anomalous patterns of behaviour, which the trustee reasonably considers could place their membership ... |
| | | | ... public of the harm arising from Macquarie's failure and deters other corporations from doing the same. "Superannuation trustees play a crucial role safeguarding the retirement savings of their members. Australians expect super trustees to take the ... |
| | | | ... which were managed investment schemes subject to regulation by ASIC," he said. "APRA oversees around 56 superannuation trustees who collectively have 81 superannuation funds. Combined, they have over $3 trillion in APRA-regulated assets ($417 billion ... |
| | | | ... This is in addition to increasing ASIC's data collection powers on the retail MIS sector and forcing superannuation trustees to report suspicious or anomalous super switching behaviour to the regulator. Meanwhile, Treasury asks if REs should have ... |
| | | | ... recent thematic review of the investment governance, strategic planning and member outcomes practices of superannuation trustees that offer platforms. Broadly, the review identified deficiencies in Diversa's onboarding processes and practices, investment ... |
| | | | ... Price Index each year. ASIC calls out super trustees over 'weak' anti-scam practices ASIC wrote to superannuation trustees urging them to strengthen anti-scam practices, or risk exposing their members to harm. The open letter, signed by ASIC ... |
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