Australian Prudential Regulation Authority

Dobbed in: ASIC reports rise in 'bad apple' financial advisers

Mr Kell, promoting a raft of measures aimed at boosting transparency for consumers in financial services, acknowledged ASIC had its own work to do on …

Financial Services

Gov’t to extend SuperStream to SMSFs

<b>The Federal Government has today released draft regulations to extend SuperStream to self-managed superannuation fund (SMSF) rollovers, allowing</b> …

Superannuation

Banks ramp up sharing of 'positive' data on customers, despite concerns

Such a change will give banks far better information about a prospective customer's repayment behaviour, and how much total debt they have, including …

Customers

Make insurer claims-handling performance public, says AFA

<b>The Australian Prudential Regulation Authority (APRA) has been told that making public the claims-handling performance of individual life insurance</b> …

Finance

Yes, SMSFs do use APRA funds to access group insurance

<b>Those who run self-managed superannuation funds frequently maintain relatively low balances in Australian Prudential Regulation Authority</b> …

Superannuation

Not Every Pension Fund Is Looking to Bring Asset Management In-House

Asset managers under pressure for losing investment mandates, take heart. This A$30 billion ($22 billion) Australian pension fund is bucking the …

Investing

Australia's banking watchdog says crackdown on risky lending largely complete

SYDNEY (Reuters) - Australia's banking watchdog on Wednesday said its intense crackdown on risky mortgage lending was largely complete, as higher lending rates were also helping cool the country's housing market.<p>"Any tightening from here on is expected to be at the margin as banks seek to get a …

Business

Australian Tightening of Property Loan Standards Mostly Over

A three-year project to improve Australian mortgage lending standards is almost complete, the results of a stress test are reassuring, and loan rules …

Business

Sling & Stone working with 86 400 to launch ‘new bank’ in Australia

Public relations firm Sling & Stone has won 86 400’s business, which describes itself as “a sophisticated startup building what will be a new bank …

Startups

Disability insurance products risk unsustainability: APRA

<b>The Australian Prudential Regulation Authority (APRA) has continued expressing concern about poor disability income insurance (DII), writing in its</b> …

Superannuation

Developing industry knowledge

Assessing investment opportunities typically requires an understanding of a company <i>and</i> its industry. That’s easier to do when you have the relevant …

Investing (Australia)

APRA warns Govt on insurance inside super

<b>Removing the compulsion from insurance inside superannuation with respect to under-25s will have a “material impact” on businesses operating in the</b> …

Superannuation

Suncorp's D-Day on life insurance division, Dai-ichi on alert

Bancassurer Suncorp is set to decide within days whether to add to the industry's divestment spree by offloading its life insurance unit to Japan's …

Insurance Industry

Were super changes worth the cost?

<b>Superannuation funds will be able to make clear the additional costs which have flowed from the succession of changes which have occurred to the</b> …

Superannuation

Super funds are gambling with members’ money on risky options

The Australian Prudential Regulation Authority (APRA) has put some major superannuation funds on notice over the inappropriate labelling of …

Finance

APRA confirms cash ain’t cash for some super funds

<b>The Australian Prudential Regulation Authority has written to Australia’s major superannuation funds telling them that “cash” investment options</b> …

Investing

Australia's CBA slashes executive pay by $44 million after regulatory inquiry

(Reuters) - Commonwealth Bank of Australia <CBA.AX> said on Friday it would slash more than A$60 million ($44.33 million) in senior executive pay as part of its response to an inquiry by the Australian banking regulator.<p>The Australian Prudential Regulation Authority (APRA) had in May commissioned …

Business

Don’t overstate industry fund outperformance, says Committee | Money Management

<b>A report of a key Parliamentary Committee has suggested that not too much should be made of the perceived outperformance of industry superannuation</b> …

Investing

Sydney house prices to fall 8 percent from 2017 peak: BIS Sydney forecast

Sydney’s estimated median house price of $1,120,000 at June 2018 represented a seven per cent increase over the prior 12 months, after recording a …

Housing

Fintech payments platform Verrency has signed a deal with digital bank volt

Australian fintech Verrency has signed a long-term deal with volt bank, Australia’s first independent 100% digital bank, to provide a cloud-based …

Australian Prudential Regulation Authority

Housing policy settings right: Morrison

Treasurer Scott Morrison says the macro-prudential policies introduced to cool the housing markets in Sydney and Melbourne are right.

Australia

Banks put the breaks on small-deposit mortgages

Banks have put the brakes on lending to people with small deposits, slashing the number of mortgage products with a maximum loan-to-value ratio (LVR) …

Finance

Super funds face multi-million-dollar costs

<b>It could cost some superannuation funds millions of dollars to implement new information security management standards being proposed by the</b> …

Superannuation

PC draft prompts merger moves

<b>A number of superannuation funds have initiated merger investigations following The Productivity Commission’s (PC’s) draft report on Efficiency and</b> …

Superannuation

SMSFs should pull their weight – AIST

<b>Self-managed superannuation funds (SMSFs) should be made to pay their way alongside major Australian Prudential Regulation Authority (APRA)-regulated</b> …

Superannuation

‘Punitive' restrictions push investor lending to two-year low

Since mid-2015, the value of loans to investors has fallen 24.7 per cent, HIA principal economist Tim Reardon said, drawing on the latest ABS housing …

Home Building

Stricter controls needed on SMSFs with low account balances

<b>The superannuation fund for the real estate industry, REI Super, has called for stricter controls on the establishment of self-managed superannuation</b> …

Superannuation

WA ‘collateral damage’ in bank lending crackdown

The WA economy has become “collateral damage” in the crackdown on lending standards aimed at pricking property bubbles in Sydney and Melbourne, a key …

Scott Morrison

When cash ain’t really cash

<b>Are all “cash options” offered by superannuation funds the same?</b><p>The Australian Prudential Regulation Authority (APRA) has revealed that its recent …

Superannuation

How your fund could be squeezing you

ASTRALIANS are being squeezed by a combination of hidden fees and poor performance of superannuation funds linked to the big four banks and AMP.<p>An …

Superannuation