APRA now empowered to remove super directors
18 March 2025APRA has confirmed that it has not acted to remove a single super fund director in the past five years but is now empowered to do so.
APRA has confirmed that it has not acted to remove a single super fund director in the past five years but is now empowered to do so.
Amid the build-up to the May election, the industry funds lobby has released further research arguing super for housing will inflate prices.
ASIC has taken action against 17 SMSF auditors in the second half of 2024, after the regulator identified several instances of misconduct.
CareSuper and the Meat Industry Employees Superannuation Fund have confirmed their merger intentions with a 2025 completion date.
Amid all the talk of an election the Govt has released an exposure draft of its pay day super legislation including a 60% penalty for employers.
New research from Amundi found behavioural factors and lack of awareness are behind the ongoing “long diagnosed retirement savings crisis”.
Chant West has emerged as the first research and ratings house to begin rating lifetime products such as annuities in the context of retirement.
Queensland based construction industry fund BUSSQ has ceased its legal appeals and finally faced into APRA-imposed license conditions.
ASIC chair, Joe Longo has denied the regulator is guilty of double standards when dealing with industry and retail superannuation funds.
Industry funds emerged largely unscathed from the Royal Commission until its recommendations led to ASIC’s empowerment as a super conduct regulator.
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