APRA

APRA uses new directions power, puts licence conditions, on AMP super

APRA has used its new directions power, and imposed additional licence conditions, on AMP super. APRA announced that it has issued directions and put new licence conditions on AMP Superannuation Limited and N.M Superannuation Proprietary Limited – which both make up AMP Super. The prudential regulator said it had done… Read More »APRA uses new directions power, puts licence conditions, on AMP super

APRA sets out superannuation policy priorities for 2018

APRA has outlined its superannuation policy priorities for 2018, including a comprehensive post-implementation review of the superannuation prudential and reporting framework. “Promoting improved governance and management in the superannuation sector is an ongoing priority for APRA, and one which has seen enhanced focus during the last year across APRA’s supervision… Read More »APRA sets out superannuation policy priorities for 2018

APRA proposes super fund regulation changes, “independent” of Government

APRA is consulting on changes to prudential regulation of large superannuation funds, proposals which it says are independent but aligned with changes put forward by the Government. “The package outlines proposed changes to the prudential framework designed to enhance strategic and business planning, oversight of fund expenditure and the assessment… Read More »APRA proposes super fund regulation changes, “independent” of Government

APRA to target poor performing super funds in prudential changes

APRA will be targeting poor performing superannuation funds in upcoming changes to prudential regulation. APRA Deputy Chairman Helen Rowell told the 2017 ASFA Conference that the regulator would soon be releasing for consultation a package of proposed prudential framework revisions, including “changes to promote greater transparency, especially around expenditure, and… Read More »APRA to target poor performing super funds in prudential changes