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Showing 1261 - 1270 of 1830 results for "APRA."

ISA voices strong opposition to "radical" super reform

LAURA MILLAN  |  MONDAY, 27 JUL 2015
Industry Super Australia (ISA) has warned that the government's proposal to remove equal representation in super fund boards "is radical" and constitutes the most significant change to the system since its inception. "There is a real risk that importing ...

Super board changes could cost funds $20m a year

LAURA MILLAN  |  FRIDAY, 24 JUL 2015
Appointing independent trustees to the boards of superannuation funds could cost about $20 million only on the first year, the Australian Institute of Superannuation Trustees (AIST) warned. "How can these costs be justified when there is no evidence ...

SMSFs keeping cash for better markets

DARREN SNYDER  |  FRIDAY, 24 JUL 2015
Self-managed superannuation funds (SMSFs) stowed away $56 billion in excess cash during the 12 months to April 2015, the highest amount in seven years. Billions that would have been invested if it were not for market uncertainty is reflective of a wider ...

Big four prepared for APRA capital adequacy changes

ALEX BURKE  |  MONDAY, 20 JUL 2015
Australia's big four banks have commented on APRA's announcement that it would increase capital adequacy requirements for residential mortgage exposures. APRA's change means that the risk weight on residential mortgage exposures for Australian deposit-taking ...

Industry funds embrace board independence

LAURA MILLAN  |  MONDAY, 13 JUL 2015
Top industry funds have embraced the proposal to introduce a third of independent directors to their boards and see it as an opportunity to add skills and improve governance. Despite opposition from Industry Super Australia (ISA), at least three of ...

Banks need to increase capital ratios: APRA

DARREN SNYDER  |  MONDAY, 13 JUL 2015
The Australian Prudential Regulation Authority (APRA) believes the country's major banks will need to increase capital adequacy ratios by at least 200 basis points to be comfortably positioned in the top quartile of international peers. In response ...

SMSFs gear up for advice

DARREN SNYDER  |  MONDAY, 13 JUL 2015
Advised self-managed superannuation fund (SMSF) trustees are more confident about achieving their desired retirement income than non-trustees, according to research commissioned by nabtrade and the SMSF Association. The research says about 53% of SMSF ...

Regulator clouding wealth management: PractiFI

DARREN SNYDER  |  THURSDAY, 9 JUL 2015
Weaknesses in outsourcing wealth management via cloud technology or shared computing services - as identified by the Australian Prudential Regulation Authority (APRA) - have sparked an impassioned response. On Monday APRA released an information paper ...

Class expands in the SMSF cloud

DARREN SNYDER  |  WEDNESDAY, 8 JUL 2015
Processes in administering self-managed superannuation funds (SMSFs) that previously took a couple of days to complete can now be triggered with the push of a button. Cloud-based solution, Class Super, has launched a suite of application programming ...

Super funds clash on board independence

DARREN SNYDER  |  FRIDAY, 26 JUN 2015
Both retail and industry superannuation funds have mixed responses to a federal government proposal that would see an increase of independent directors on fund boards. BT Financial Group believes increasing the number of independent directors will create ...