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Showing 131 - 140 of 188 results for "Stronger Super"

APRA calls for dialogue with funds on MySuper

MELANIE TIMBRELL  |  WEDNESDAY, 21 MAR 2012
... Brisbane, Ross Jones, deputy chair of APRA said while he sympathised with the industry, the timeframe was set by Stronger Super and not the regulator. "By July 2013 trustees need to decide and have authorised a MySuper product. By October 1 2013, if ...

Mandatory FOFA start date confirmed for July 2013

CLAIRE MCGREAL  |  THURSDAY, 15 MAR 2012
... implementation arrangements will lower industry implementation costs as they will be able to synchronise FOFA and Stronger Super reforms." The Financial Planning Association (FPA) has welcomed the move, describing it as a "great outcome for common sense" ...

Super funds call key challenges

MELANIE TIMBRELL  |  FRIDAY, 9 MAR 2012
... two-thirds of delegates indicated peer-performance played a significant role in determining fund strategy. "The Stronger Super reforms represent a natural evolution of superannuation regulation, particularly around governance, return objectives, risk ...

Super accounts on path for consolidation: Shorten

CLAIRE MCGREAL  |  WEDNESDAY, 22 FEB 2012
Up to 6.9 million inactive super accounts will be rolled over into active accounts once the Stronger Super reforms kick in on January 1, 2014 according to Financial Services Minister Bill Shorten. The Minister was in Melbourne this morning to launch ...

New cost estimates see MySuper equal SuperStream

MELANIE TIMBRELL  |  FRIDAY, 17 FEB 2012
... administrators, public sector and fund administrators. Despite rhetoric over the impact of account consolidation as part of Stronger Super, 70% of executives involved in the survey said they expected to lose less than 10% of their members due to account ...

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 ...

Pricing competition risks net returns from MySuper: FSC

MELANIE TIMBRELL  |  THURSDAY, 16 FEB 2012
... trustees calculated on a risk-weighted basis, the FSC has said the Government is on the mark with its response to Stronger Super reforms, though pressures on consolidation should be acknowledged. "Given the current capital requirement of just $5 million ...

SuperStream exposure draft a positive step

ELISE BURGESS  |  MONDAY, 13 FEB 2012
... payments and penalties between employer and a fund and fund-to-fund. Since February 2011 the Government established a Stronger Super consultation process with four working groups to implement Cooper recommendations, including MySuper, SuperStream, governance ...

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 ...

APRA MySuper changes burden for industry

MELANIE TIMBRELL  |  MONDAY, 6 FEB 2012
... large employer." The FSC submission holds the draft policy announced in November 2011 is inconsistent with the Stronger Super Information Pack, issued by Minister for Financial Services and Superannuation, Bill Shorten in September 2011. The Information ...