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Showing 1461 - 1470 of 1830 results for "APRA."

SPAA: Last resort compensation scheme needed

LINDA HAUSKEN  |  WEDNESDAY, 23 MAY 2012
There is a convincing argument for the establishment of a last resort compensation scheme, according to Self-Managed Super Fund Professionals' Association of Australia chief executive, Andrea Slattery. "Superannuation fraud affects ordinary Australians ...

PJC blasts Trio follow-up

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
The Parliamentary Joint Committee on Corporations and Financial Services has expressed strong concern over lack of follow-up from regulators and criminal authorities in the wake of the Trio Capital collapse. In the report on the largest superannuation ...

Super funds urged to disclose director and exec pay

BEN COLLINS  |  WEDNESDAY, 16 MAY 2012
The Australian Institute of Superannuation Trustees is calling on its 80 member funds to provide full disclosure of trustee director and executive pay, and not wait for Government regulation. The Australian Institute of Superannuation Trustees (AIST) ...

Budget: Calls for SuperStream levy dialogue

BEN COLLINS  |  WEDNESDAY, 9 MAY 2012
The Federal Government has confirmed that a temporary SuperStream levy will be paid by APRA regulated super funds to cover the costs of implementing the reforms, but industry bodies are calling for greater visibility about how and where the money is ...

APRA releases draft MySuper authorisation form

MELANIE TIMBRELL  |  THURSDAY, 3 MAY 2012
APRA today released a discussion paper for consultation covering arrangements to authorise MySuper products, including a draft application form. A draft prudential standard on MySuper transition that sets out requirements for trustees moving member ...

APRA releases draft prudential standards

LINDA HAUSKEN  |  MONDAY, 30 APR 2012
The Australian Prudential Regulation Authority has released its proposed prudential standards, open to industry response until July 20. The regulator said it is proposing to introduce prudential standards covering topics common to other APRA-regulated ...

Default super in modern awards justified: Cbus

MELANIE TIMBRELL  |  MONDAY, 16 APR 2012
Knowledge of the industry in which members work, results in better-tailored products and justifies the continued support of default super funds in modern awards, according to Cbus. The super fund for the building and construction industry used its submission ...

Member interests and employer choice paramount

ELISE BURGESS  |  TUESDAY, 10 APR 2012
Member interests and not the interests of competing funds is paramount for default super, said FSC and the AIST in their parliamentary submissions. The Australian Institute of Superannuation Trustees (AIST) and the Financial Services Council (FSC) have ...

MySuper should engage with lifecycling: Cooper

MELANIE TIMBRELL  |  WEDNESDAY, 28 MAR 2012
Super funds will need to engage with lifecycling, rather than simply relying on rebranded default options, according to super heavyweight Jeremy Cooper. This was the message delivered to an industry forum yesterday by the chairman of retirement income ...

Large funds outperform: APRA

ALEX DUNNIN  |  TUESDAY, 27 MAR 2012
... scale cost benefits in lower fees because they operate on a margin basis, though it may also reflect limitations in the APRA 'whole of fund' performance data. Retail super funds reporting to APRA as high level legal entities containing large numbers ...