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Showing 111 - 120 of 253 results for "RSE"

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... MobiSuper and ZIB Financial director Andrew Richard Grover. Tidswell is owned by Sargon and holds an extended public offer entity RSE licence under the SIS Act, as well as an AFSL issued by ASIC. Its model is to partner with promoters to offer new super ...

Platform hints at aggressive expansion

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... Standard he is focusing on bringing together Xplore's four businesses - the platform, responsible superannuation entity (RSE), managed discretionary accounts and DIY super administration. "The two acquisitions we made last year, Aracon Superannuation ...

Extension for super fund portfolio disclosures

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
The Australian Securities and Investment Commission has extended the deadline for superannuation trustees to disclose their portfolio holdings. ASIC said it amended the order to provide "legal certainty" about the first reporting day, given that the ...

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
... from IOOF Investment Management to IISL under the group's broader reorganisation plan to split the business' RE and RSE functions. In granting the variation, ASIC imposed additional conditions in relation to governance, structure and compliance. ...

Cashwerkz chief steps down, trustee business to be spun off

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
The chief executive of Cashwerkz is stepping down from the top job. At the same time, Trustees Australian will be spun out with the view to potentially listing the business as a separate entity. In a statement this morning, Cashwerkz said Hector Ortiz ...

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
... assessment will strengthen APRA's ongoing efforts to lift industry practices and drive improvements in the outcomes all RSE licensees deliver for their members," she said. SPS 515 will take effect on 1 January 2020. On August 28, APRA released a ...

Spaceship co-founder to exit

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... "We withdrew it earlier in the year to give ourselves a bit more of time to work around our responsibilities around being an RSE. We will consider an application at a future time," Moore said. Moore has about 27 years of experience including as St George ...

APRA clarifies super fund acquisition process

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
... for parties interested in acquiring a stake in superannuation funds. Parties seeking to acquire a 15% holding or more in an RSE must undertake the new application process. The process, APRA said, is consultative and each application is assigned a responsible ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... discretion to apply the 12-month outcomes assessment period either to the calendar or financial year, income year for the RSE licensee or any other 12 month period. The FY20 financial year is likely to be the appropriate first period for the majority ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... ability to acquire stakes in superannuation funds. From 5 July, any party seeking to acquire a stake greater than 15% in an RSE must ask APRA for approval. APRA said the proposed change brings superannuation in line with the banking and insurance sectors. ...