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Showing 131 - 140 of 556 results for "Supervision"

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... practices, eradicating unacceptable performance, and influencing improved retirement outcomes. That's according to its 2023 supervision priorities, released today. It said it's all part of holding trustees to account to improve member outcomes and address ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... super members who hold a public or extended public offer licence to operate a RSE under the Superannuation Industry (Supervision) Act 1993. Australian Ethical Investment, BT Financial Group, Challenger, Clearview Wealth, Colonial First State Investments ...

Marketing oversight must improve: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
... liability. However, all voluntarily amended the marketing materials. They also amended their compliance plans to enhance supervision of marketing, including implementing requirements for all marketing material to be approved by the RE before being released ...

Draft SMSF auditor registration regulations to update fees, language

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... registration regime. According to Holding Redlich partner Luke Hooper, Section 128L of the Superannuation Industry (Supervision) Act 1993 (SIS Act) prescribes the matters that those fees are payable for, in respect of approved SMSF auditors including ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... comment on the costs associated with proposals for large banking organisations and their customers. Fed vice chair for supervision Michael Barr said: "As the banking system changes, policymakers must continuously evaluate whether resolution-related standards ...

Regulators to face committee scrutiny

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2022
... said it's crucial that regulators be scrutinised to ensure economic resilience. "The committee will be probing the supervision and enforcement activities of the ACCC, APRA and ASIC, as well as their policy development and governance processes," Mulino ...

Super fund disclosure rules finalised

ANDREW MCKEAN  |  MONDAY, 5 SEP 2022
... regulatory burden on funds and public expectations of transparency," Jones said. Likewise, the Superannuation Industry (Supervision) Amendment (Annual Members' Meeting Notices) Regulations 2022 stated: "Annual members' meetings allow discussion of ...

Equity Trustees confirms AET acquisition

CASSANDRA BALDINI  |  MONDAY, 22 AUG 2022
... overview of the AET business explained that in FY22 it oversaw more than $6.9 billion in FUM, administration, advice and supervision. On a standalone basis, in FY22 AET generated revenue of $38.1 million. "The business offers a comprehensive range of ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... It highlighted improving superannuation performance by continuing to rectify sub-standard practices through robust supervision, strengthening prudential standards and reinforcing minimum expectations. Particularly around fund expenditure including trustees' ...

Advisers receive guidance on rights under FSCP

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... to ASIC to have a decision varied or revoked where the decision directed the adviser to undertake further training, supervision, counselling, reporting, or where an order suspending or cancelling their registration has been made. "ASIC will determine ...