APRA
‘Persistent weaknesses’: Why your super account security might not be up to scratch
Super accounts have long been an attractive target for fraudsters, and on Tuesday, the regulator said funds’ current controls were not always good enough.
- Clancy Yeates
Latest
Our super funds are good at making money but face a rising challenge
High-profile court cases from the corporate cop, and cyberattacks on funds have underlined the pressure on super funds to improve their service to members.
- Frances Howe
$4.2t superannuation sector in crosshairs after cyberattacks
The financial regulator has stepped up scrutiny of the superannuation industry after a co-ordinated attack on some of the country’s largest funds exposed serious cybersecurity weaknesses.
- Sumeyya Ilanbey
- Updated
- Big four
ANZ blasted for years-long governance failures, slapped with $1 billion capital charge
ANZ has been forced to do a widespread review into its entire organisation after the financial regulator flagged issues stemming from the bonds trading scandal “may be present in other parts of the bank”.
- Sumeyya Ilanbey
Ten years is enough: Regulator puts long-serving directors on notice
The APRA is set to call time on long-serving, incompetent and conflicted directors under a planned major shake-up of standards at banks, insurers and super funds.
- Sumeyya Ilanbey
Banks told to ignore student debt when weighing up home loans
Millions of Australians collectively carrying more than $43 billion in student debts have faced problems getting a mortgage. Now they may have a chance to buy a home.
- Shane Wright
Parties, picnics: Watchdog probes what Cbus spent on CFMEU
The financial regulator has launched another investigation into embattled superannuation giant Cbus over its expenses bill.
- Sumeyya Ilanbey
Secret report reveals super fund’s cosy culture with CFMEU
A review into the culture of the construction industry super fund, commissioned in 2015, has finally seen the light, and it says the fund was too closely linked to the disgraced CFMEU.
- Sumeyya Ilanbey
- Exclusive
- Superannuation
Union boss denies misusing position as super fund board director
Long-serving union secretary Michael O’Connor is facing a court-sanctioned ban as a super fund director after APRA sued him last year.
- Sumeyya Ilanbey
How super funds are spending your money
Australian super funds’ expenses swelled to almost $13 billion last financial year, including a $500 million splurge on an advertising and sponsorship blitz.
- Sumeyya Ilanbey
Original URL: https://www.smh.com.au/topic/australian-prudential-regulation-authority-jl7