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Showing 1 - 10 of 224 results for "RSE"

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... Laws Amendment (Putting Members' Interests First) Act 2019 (PMIF) further mandated that Registered Superannuation Entity (RSE) licensees cannot offer insurance on an opt-out basis to members with account balances under $6000 or to new members under ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
Superannuation funds will have a leg up over life insurers and banks once the federal government implements its proposal to expand financial advice. This is according to industry experts who say that super funds are in good stead to bolster the availability ...

APRA proposes updated operational risk financial requirements

ANDREW MCKEAN  |  TUESDAY, 20 FEB 2024
... Authority (APRA) has proposed changes to operational risk financial requirements for registrable superannuation entities (RSE) licensees. The prudential regulators adjustments are designed to bolster the ability of RSE licensees to mobilise financial ...

Super funds lack data for effective retirement assistance: Study

ANDREW MCKEAN  |  MONDAY, 5 FEB 2024
... data gap that stands in the way of the industry making progress against the RIC and retirement preparation challenge. "All RSE licensees were missing data that is critical for developing an effective retirement income strategy," the audit said. "RSE ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... to finalise the updated SPS 515 Strategic Planning and Member Outcomes guidance in the coming months and will also review RSE licensees' self-assessments in relation to the Retirement Income Covenant and ASIC and APRA's joint report on progress of implementation ...

SimCorp names new country manager for Australia

ANDREW MCKEAN  |  TUESDAY, 16 JAN 2024
... the market," Bee commented. Editor's note: Financial Standard is owned by ISS Stoxx which is a subsidiary Deutsche Börse Group; SimCorp is also a subsidiary of Deutsche Börse Group.

APRA flags premium volatility in superannuation group life insurance

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
... in superannuation, notably premium volatility and data availability. At the end of 2022, APRA conducted a survey involving RSE licensees, life insurers, and reinsurers, assessing industry responses to the sustainability challenges in group life insurance ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... analysis based on the 2023 superannuation performance test showed that 56% of member accounts in platform TDPs managed by RSE licensees underperformed their benchmark, with almost a third of these accounts floundering by a margin over 0.5%. For non-platform ...

Willis Towers Watson sheds more corporate super plans

JAMIE WILLIAMSON  |  TUESDAY, 31 OCT 2023
... Investments and WTW declined to comment on the arrangement. WTW now has just one corporate fund on the books of its Towers Watson RSE. All that remains is the Nissan Superannuation Plan, which has existed in its current form since November 2000, the ...

Most trustees pass Canva valuation test: APRA

KARREN VERGARA  |  MONDAY, 4 SEP 2023
... their appointed fund managers that reflect "valuation adjustments according to the specific circumstances and policies of the RSE licensee". "These were issues flagged as requiring improvement in APRA's 2021 unlisted asset valuation thematic review. ...
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