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Showing 1231 - 1240 of 1830 results for "APRA."

Governance bill loses Senators' support

DARREN SNYDER  |  WEDNESDAY, 2 DEC 2015
Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) have shown their weight in Canberra by convincing four crossbench Senators to vote down the superannuation trustee governance bill in parliament. It is reported ...

Retail super members gouged by $7.1bn: ISA

DARREN SNYDER  |  TUESDAY, 1 DEC 2015
Industry Super Australia (ISA) estimates that in the past decade bank-owned super fund members have been gouged by about $7.1 billion for above market fees to in-house suppliers. The estimate was released hours before the Senate will hold its final ...

SMSFs hurt more than APRA funds in downturn

MARK SMITH  |  MONDAY, 30 NOV 2015
The SMSF segment of the superannuation system suffered more in the recent market correction, the latest APRA figures for the September quarter show. Total super assets dropped in the September quarter by 1.6% from $2.03 trillion to $1.99 trillion. For ...

APRA appoints deputy chair

ALEX BURKE  |  FRIDAY, 27 NOV 2015
APRA has appointed a new deputy chair. Helen Rowell became an APRA member in 2013 after joining in 2002; prior to that, she was a partner at Towers Perrin. Treasurer Scott Morrison described her as "very well regarded by the financial services industry." ...

FEATURE: The great race to invest

LAURA MILLAN  |  THURSDAY, 19 NOV 2015
As the SMSF rush slows down, Laura Millan asks whether individual funds will withstand harsher market conditions and reviews member direct investment options. It is a known fact that self-managed super funds (SMSFs) outperformed funds regulated by the ...

OPINION: Super is Murray's big rock

ANDREW BRAGG  |  WEDNESDAY, 18 NOV 2015
Properly calibrating the superannuation system is the most important policy change from the Murray review of the financial system. Super could be sharper, leaner and easier to understand. That's why the Murray proposals to define the objective of superannuation ...

APRA debates whether "to model or not to model"

ALEX BURKE  |  FRIDAY, 13 NOV 2015
Internal risk models for financial institutions are still useful so long as industry isn't "seduced by the science," according to APRA chair Wayne Byres. Speaking at the Global Association of Risk Professionals (GARP) Global Risk Forum in Hong Kong ...

Labor opposes super trustee governance bill

DARREN SNYDER  |  TUESDAY, 10 NOV 2015
Labor senators Sam Dastyari and Chris Ketter have dissented from a report recommending the bill on superannuation trustee governance be passed in the Senate today. The dissenting senators believe the bill "blindly conflates and confuses trustee governance ...

Life insurers must address group risk schemes: APRA

DARREN SNYDER  |  FRIDAY, 6 NOV 2015
The Australian Prudential Regulation Authority (APRA) believes an unexpected increase in the cost of insurance for superannuation fund members has come from life insurers not addressing underlying structural issues in group risk schemes. In APRA's 2015 ...

PROFILE: REI Super chief executive Mal Smith

DARREN SNYDER, LAURA MILLAN  |  WEDNESDAY, 4 NOV 2015
REI Super is home to the superannuation funds of Australia's real estate sector. Running one of the country's oldest funds is full of memorable experiences, some tough moments and rewarding interactions with members, chief executive Mal Smith says. ...