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Superannuation

The Australian Prudential Regulation Authority (APRA) has issued directions and additional licence conditions to AMP Superannuation Limited and N.M. Superannuation Proprietary Limited (collectively AMP Super).

The Australian Prudential Regulation Authority (APRA) today released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the March 2019 quarter.

The Australian Prudential Regulation Authority (APRA) has issued directions to companies within the IOOF group, using for the first time the broader directions powers under the Superannuation Industry (Supervision) Act 1993 (SIS Act) that were granted by parliament in April 2019.

A review of the Australian Prudential Regulation Authority’s (APRA’s) superannuation prudential framework has found it met its original objectives but must keep evolving to ensure members’ interests are protected.

The Australian Prudential Regulation Authority (APRA) has commenced consultation on an updated prudential standard requiring registrable superannuation entity (RSE) licensees to assess the outcomes they are delivering for members.

The Australian Prudential Regulation Authority (APRA) has welcomed the passage of legislation granting it stronger powers to take action against the trustees of underperforming superannuation funds.

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