Insight
Merging mutuals - dealmaking with a twist
Australia’s competitive banking landscape, prudential settings and the accelerating challenge (and cost) of technology uplift are tipped to drive further consolidation in the sector in the coming decade.
16 January 2025
Insight
APRA has released long awaited CPG 230: What does it mean for regulated entities and suppliers to them?
Following industry consultation, on 13 June 2023, the Australian Prudential Regulation Authority (APRA) finalised and released the Prudential Practice Guide CPG 230 Operational Risk Management (CPG 230) and APRA’s Response Paper.
20 June 2024
Insight
Superannuation Trustee Advice Fee Oversight Under Scrutiny
On 9 May 2024, ASIC released Report 781, Review of superannuation trustee practices: Protecting members from harmful advice charges (Report). ASIC has expressed concern that superannuation trustees continue to have deficiencies in their oversight practices for the deduction of advice fees from members’ superannuation accounts but has confirmed that it does not expect trustees to review the advice provided to the member. The call to action from ASIC Report 781 is for trustees to review their advice fee governance arrangements and be prepared to defend them in court.
17 May 2024
