Helen Rowell, deputy chair at APRA, will step down at the end of June after more than 21 years at the prudential regulator.
The two industry super fund-owned firms have confirmed they are exploring the merits of a potential merger at the request of significant shareholders.
The corporate regulator has issued its first interim stop order on a superannuation product under the design and distribution obligations.
Following an extensive due diligence process, the merger of Spirit Super and Care Super is expected to be completed in late 2024, creating a $50 billion combined fund.
Superannuation funds look to finish the financial year with an 8.1 per cent return, well above the typical long-term return objective of around 6 per cent per annum, according to Chant West.
APRA chair, Margaret Cole, has confirmed in the latest Senate estimates session that it is investigating payments by super funds to unions.
There was more than a 130 per cent increase in the number of SMSF trustees disqualified year-on-year, according to the latest statistics released by the ATO.
Justice Hespe has fired a shot across the bows at financial institutions regarding the interoperability of their IT infrastructure in her verdict in the ASIC v AMP Financial Planning case.
The superannuation funds have publicly backed a constitutionally enshrined Aboriginal and Torres Strait Islander Voice in the spirit of reconciliation.
Members of AustralianSuper will see reduced insurance costs after a review prompted the fund to cut fees by an average of 11.8 per cent.