The last month has seen a host of regulatory developments, with Parliament resuming after the election, the outcomes of APRA’s capability becoming public, and several important releases from the regulators. Protecting your super and ‘putting members’ interests first’ As the industry continues to work through the implications of the Government’s ‘protecting your super’ (PYS) reforms, there are further changes ahead, particularly for insurance. The PYS reforms, which commenced on 1 July, impose a fee cap on low-balance accounts, prohibit exit fees, limit the provision of insurance on inactive accounts and require the transfer of inactive low-balance accounts to the ATO...