Son of Wallis to set a benchmark for financial services

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The Son of Wallis inquiry will be a once in a generation opportunity to reposition Australia’s financial services industry for future growth and to set in train the right structure

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Aon Master Trust receives MySuper authorisation

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The Aon Master Trust has received its MySuper authorisation from the Australian Prudential Regulation Authority. On 1 January 2014, the Aon Master Trust will launch Aon MySuper. Pierre Kraft, Managing

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Bendigo Wealth granted a MySuper authorisation

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Sandhurst Trustees, which forms part of Bendigo Wealth, has been granted authorisation by the Australian Prudential Regulation Authority (APRA) to issue a MySuper product under the new regime implemented by

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APRA figures reveal solid SMSF growth

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The self managed super fund (SMSF) sector enjoyed solid growth in 2012-13 with the numbers of funds and assets under management increasing markedly, according to the latest Australian Prudential Regulatory Authority (APRA) superannuation

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AMP MySuper offers approved by APRA

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AMP will launch its two MySuper offers from 1 January 2014, following approval from the Australian Prudential Regulatory Authority. AMP Financial Services will draw on the investment expertise of AMP

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BT Financial Group receives MySuper approvals for actively-managed lifestage funds

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BT Financial Group has received approval from the Australian Prudential Regulatory Authority for its MySuper licences and will launch actively-managed lifestage funds as its MySuper solution. A lifestage fund means

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Helen Rowell appointed as APRA Member

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The Australian Prudential Regulation Authority (APRA) has welcomed the Treasurer’s announcement of the appointment of Helen Rowell as an APRA Member for a term of five years from today. Mrs

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APRA releases draft prudential practice guides for superannuation

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The Australian Prudential Regulation Authority (APRA) has released for consultation a discussion paper and 10 draft prudential practice guides (PPGs) for the superannuation industry. This year APRA has consulted extensively with

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Wholesale life insurance pricing under pressure

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Insurance prices offered through superannuation funds and corporate schemes are now under great pressure, according to two independent sources.  Trends in the past two years have seen increased claims experience

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Actuaries Institute releases professional guidance on Financial Condition Reports

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In response to the increasing complexity and risks in superannuation, the Actuaries Institute has publically released its professional guidance in relation to Financial Condition Reports (FCRs) for superannuation funds. The development

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