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Showing 131 - 140 of 158 results for "Prudential Standard"

APRA empowered to chase rogue superfund directors

BEN COLLINS  |  THURSDAY, 24 MAY 2012
The Lower House of Parliament has passed legislation that will give the Australian Prudential Regulation Authority greater powers to pursue "rogue superfund directors". The Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) ...

APRA releases draft MySuper authorisation form

MELANIE TIMBRELL  |  THURSDAY, 3 MAY 2012
... 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 balances into a MySuper product is also included. ...

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 ...

Professional Associations Super targets investment risk

MELANIE TIMBRELL  |  THURSDAY, 29 MAR 2012
Industry fund Professional Associations Super is building an enterprise-wide approach to managing investment risk in an effort to explore how risks should be mitigated or exploited. Focusing on exposure to primary risks such as sovereign default and ...

Funds remain unconvinced on lifecycle MySuper product

MELANIE TIMBRELL  |  THURSDAY, 22 MAR 2012
Chief executive officers in the not-for-profit super sector remain unconvinced a lifecycle product will offer the best outcome for members, according to a recent poll by the Australian Institute of Superannuation Trustees. A recent survey of 40 not-for-profit ...

Xenophon targets super funds for greater transparency

MELANIE TIMBRELL  |  WEDNESDAY, 14 MAR 2012
Remuneration together with better risk disclosure and information benchmarks will be the focus of new proposed legislation from independent Senator Nick Xenophon aimed at increased transparency in superannuation. The move was sparked by concern over ...

Super funds call key challenges

MELANIE TIMBRELL  |  FRIDAY, 9 MAR 2012
The breadth and pace of regulatory change, ongoing cost pressures and lower real yields in traditional asset classes have been identified as the key challenges facing Australian superannuation. A discussion at recent Centre for Investor Education Fund ...

FSC makes move on fund governance

ELISE BURGESS  |  WEDNESDAY, 7 MAR 2012
Some of the super industry's biggest players will have new transparency and governance policies to work under after the FSC released its new mandatory policy requirements. The Financial Services Council (FSC) said that there had been a lot of attention ...

Stonger Super second tranche amendments released

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
The government has released amendments to the second tranche of the Stronger Super legislation. This includes expanding the covenants for registrable superannuation entity (RSE) licensees, applying new trustee duties to trustees of an RSE that offers ...

Stronger Super makes trustee role unappealing: Mercer

ELISE BURGESS  |  THURSDAY, 9 FEB 2012
Additional requirements placed on super fund trustees in the proposed Stronger Super legislation will make the role less appealing and raise costs, according to Mercer's submission to the Federal Treasury. In responding to the Exposure Draft: Superannuation ...