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18 February 2021
Your Future, Your Super heads to a Senate Committee for much-needed debate, Treasury outlines how stapling would impact EBAs that do not allow choice of fund, AIST raises concerns on draft REM standard, Inquiry on approach of super funds to investment in Australia’s export industries, Further consultation on insurance prudential standard,
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11 February 2021
Strong opposition to financial best interests duty | parliamentary hearings | early release final numbers
04 February 2021
Low income and casual workers stand to lose the most if SG rise halted; ASIC successful against Westpac subsidiaries’ appeal to High Court; Recovery better than expected: Philip Lowe; Call to implement RC recommendations on two-year anniversary of Hayne final report; ATO releases updated roadmap of superannuation changes; AIST’s weekly update on the status of legislation
28 January 2021
COVID top up | transfer balance cap increase | climate change initiative
21 January 2021
Intra-fund | Insurance | Member outcomes
14 January 2021
AIST condemns proposal to opt out of super increase
07 January 2021
AIST responds to Your Future Your Super draft legislation
22 December 2020
APRA has released updated draft reporting standards as part of their data transformation project to assist funds in preparing for the implementation of the new reporting standards. APRA has advised that the draft standards are unlikely to change significantly before they are finalised.
18 December 2020
Today APRA released the MySuper Product Heatmap – December 2020. APRA has advised that in the 12 months since the first heatmap was published 10 million MySuper members are paying less in total fees and costs and an estimated $408 million saving in total fees and costs has been achieved.
15 December 2020
Today, ASIC and APRA have issued a joint letter to RSE licensees in relation to the member outcome obligations and the DDOs to assist RSE licensees better understand the way in which these obligations interact. The letter reminds RSE licensees that MO obligations and the DDOs are complementary.