Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 111 - 120 of 224 results for "RSE"

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... were administered by Asgard Capital Management, and for certain superannuation products BT Funds Management Limited was the RSE. This issue was first identified in October 2016. Following an investigation, the root causes found in February 2017 were ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... were transferred to a MySuper product before the deadline. Hodge said it was open to the Commissioner to find if CBA and its RSE Colonial First State Investments Limited (CFSIL) may have: Breached section 912A(1)(a) of the Corporations Act to do all ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... it - have prevented them from acting as a responsible person?" Hodge asked. "As far as I'm aware, no. But, we have had the RSE licensee themselves take steps to remove individuals at APRA's instigation in that period, which has achieved the outcome we ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
The financial services Royal Commission questioned if MLC's decision to stick with grandfathered arrangements was in the best interest of members following a large consolidation of superannuation funds that provided an opportunity to remove them. ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... prudential regulator cautioned against using the same criteria to determine whether a registerable superannuation entity (RSE) licensee should retain its MySuper authorisation. As the regulator prepares to appear before the Royal Commission into Misconduct ...

Cash is cash, APRA tells super funds

KANIKA SOOD  |  MONDAY, 2 JUL 2018
... the characteristics necessary to be considered as cash or cash equivalent," the regulator said in a letter addressed to all RSE licensees. APRA's definition of cash identifies it as: cash on hand, demand deposits and cash equivalents that represent ...

APRA tells super funds to improve conflict of interest management

HARRISON WORLEY  |  WEDNESDAY, 30 MAY 2018
APRA's review of related party arrangements for Registrable Superannuation Entity (RSE) licensees and its recommendations were recently released. Chief among the prudential regulator's recommendations was a call for greater focus by superannuation licensees ...

GROW Super seeks RSE licence

JAMIE WILLIAMSON  |  MONDAY, 28 MAY 2018
... operational structure the majority has opted for is also innovative. They effectively rent their Registrable Superannuation Entity (RSE) licence by serving as sub-funds or products of seven different APRA-regulated super funds; OneVue's trustee business ...

APRA urges super funds to examine board skills

HARRISON WORLEY  |  FRIDAY, 18 MAY 2018
... requirements of APRA's prudential framework in order to deliver fund members the best possible outcomes. "The standard of RSE governance is improving, but boards have more work to do. The recommendations in this review provide a clear guide to industry ...

MGP to expand super solutions, director resigns

KARREN VERGARA  |  THURSDAY, 10 MAY 2018
... step down from the MGP board. The managed accounts and investment administrator said it is "well-advanced" in acquiring the RSE and upon completion it would enable MGP to deliver a "superior superannuation solution to its advisory firm and stockbroking ...