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Showing 1061 - 1070 of 1826 results for "APRA."

SuperStream changes consultation opens

HARRISON WORLEY  |  THURSDAY, 19 JUL 2018
Consultation is now open for the Federal Government's draft regulations extending SuperStream to self-managed superannuation fund rollovers. Announced earlier this year, the Government's changes will allow SMSF members to initiate and receive rollovers ...

Super fund shortlist practically advice: IOOF

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
IOOF is questioning the Productivity Commission's recommendation for a "best in show" superannuation fund shortlist, saying it is akin to providing financial advice. The ASX-listed financial services giant said it is uncomfortable with the proposal ...

APRA tells banks to prepare for financial storm clouds

HARRISON WORLEY  |  THURSDAY, 12 JUL 2018
The chairman of Australia's prudential regulator wants banks to take advantage of a relatively good climate and build financial resilience before storm clouds form. Speaking at an Australian Business Economists lunch yesterday, APRA chairman Wayne Byres ...

Disability income insurance an ongoing concern: APRA

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
Disability income insurance (DII) continues to be a loss-making venture for life insurers as the prudential regulator undertakes a comprehensive review of its sustainability, pricing and the actual benefits delivered to policyholders. Otherwise known ...

Cash is cash, APRA tells super funds

KANIKA SOOD  |  MONDAY, 2 JUL 2018
The prudential regulator has chided superannuation funds for investing members' funds held in cash options into non-cash securities like bonds and hybrid debt instruments among others. APRA's review found cash options had exposure to asset-backed ...

MySuper approaches $650 billion

DARREN SNYDER  |  TUESDAY, 26 JUN 2018
At a time when default superannuation is under the Productivity Commission spotlight, it is important to recognise MySuper now represents one-quarter of Australia's $2.6 trillion super system - and it's growing fast. Latest Rainmaker analysis ...

BTFG boss backs PC super proposals

KANIKA SOOD  |  THURSDAY, 7 JUN 2018
BT Financial Group supports key recommendations of the Productivity Commission's most recent superannuation report, saying the Westpac-owned business would welcome moving away from an "open market" MySuper model. BTFG chief executive Brad Cooper ...

Super scorecard to shift consumer playing field

DARREN SNYDER  |  THURSDAY, 31 MAY 2018
An independent think tank is launching a sustainable retirement scorecard as a self-assessment tool for superannuation funds to benchmark performance in managing members' retirement. The Committee for Sustainable Retirement Incomes (CSRI) is introducing ...

Second APRA deputy chair nominated

HARRISON WORLEY  |  WEDNESDAY, 30 MAY 2018
The prudential regulator has welcomed the nomination of an additional deputy chair and the reappointment of Helen Rowell. The Federal Government reappointed Rowell as APRA deputy chair with a new five-year term set to begin on July 1. The end of the ...

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 ...