As we completed a year and ushered in a new one, the December and January period turned out to be an eventful one for the insurance, managed funds and superannuation sectors.
APRA has published its first ‘Choice Heatmap’, alongside its annual MySuper Heatmap, which track changes in the decision-making of super members. Meanwhile, ASIC has released statistics and analysis of financial reporting season.
December also saw the regulators release various consultation papers, draft guidance and FAQs. Of particular interest was Treasury’s release of proposed legislative amendments, which introduce licensing exemptions for foreign firms. In the insurance space, ASIC has implemented a regtech innovation initiative into poor market disclosure.
More information on these developments, as well as other industry news can be found here.