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The extension of the APRA performance test to trustee-directed products could lead to difficult conversations for advisers if tax events mean their clients are unable to switch funds, according to a panel.
APRA has announced 96 trustee directed products and one MySuper product failed to meet the benchmark of its 2023 superannuation performance test.
The Australian Prudential Regulation Authority (APRA) has identified 96 trustee-directed superannuation products that failed its expanded 2023 Your Future,...
Australia's Federal Court has issued AMP Group with a $24 million (US$16 million) fine for charging over 2000 ...
"Unconscionable conduct"