Superannuation comes under scrutiny: Issues of note
The financial services royal commission turned its sights to Australia’s $2.6 trillion superannuation industry. A report was released on August 24, highlighting accountability, poor conduct and the role of regulators as key issues, particularly among retail funds. Issues that arose The commission exposed a broad range of areas for further investigation. It will look into these […]
Proposed changes to superannuation: The PFS POV
Changes are coming for superannuation funds. In December, the Australian Prudential Regulation Authority (APRA) proposed adjustments to the way funds implement business objectives, measure their outcomes and make significant expenditure. Designed to produce better outcomes for members, the new standards will represent significant departures from current practice. Although only proposed, it’s highly likely that these measures […]
