The Australian government passed the law last week to establish a trans-Tasman retirement savings portability scheme.
Rachel Alembakis looks at the details behind the Australian government's plans to create a cheaper, more effective pensions industry
AUSTRALIA - The Australian Prudential Regulatory Authority is seeking feedback on proposals to strengthen corporate governance at super funds by requiring them to hold more capital, conduct stronger due diligence on external managers and improve risk...
AUSTRALIA - Medicare will be responsible for the early release of superannuation on compassionate grounds after new legislation was introduced into Australia's Parliament this week.
AUSTRALIA - Superannuation assets rose 7.7% in 2010 hitting A$1.32trn ($1.32trn) at year end, according to quarterly data by the Australian Prudential Regulation Authority.
AUSTRALIA - The superannuation industry rose by A$93.2bn to a total of A$1.28trn ($1.26trn)in assets under management in the year to October, latest figures show.
AUSTRALIA - The Australian Prudential Regulation Authority (APRA) has released a response paper and prudential practice guides (PPGs) for superannuation trustees covering capital, risk management, adequacy of resources and fitness and propriety.