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Showing 1561 - 1570 of 1830 results for "APRA."

APRA contacts funds on rollover fraud

MICHAEL HOBBS  |  THURSDAY, 6 MAY 2010
Super funds are being told to double check rollover applications after the tax office contacted the Australian Prudential Regulation Authority (APRA) about a number of phoney rollover requests. In a letter sent to APRA regulated super funds, the prudential ...

Astarra pain spreads to super funds

MICHELLE BALTAZAR  |  MONDAY, 19 APR 2010
Gaming group Tabcorp will be moving the superannuation accounts of 250 NSW TAB staff affected by the collapse of Astarra to CareSuper. A Tabcorp spokesperson contacted by Financial Standard this morning said the company has written to the relevant workers ...

MySuper proposal ignites storm

ALEX DUNNIN AND RUTH LIEW  |  THURSDAY, 15 APR 2010
Australia's superannuation market will be closed to new entrants under proposals by the Super System Review (SSR) that could effectively shut down competition, entrench incumbents and force small funds to merge. The proposals are in the review's MySuper ...

IFSA blasts latest APRA league tables

ALEX DUNNIN  |  THURSDAY, 25 MAR 2010
IFSA has dismissed the APRA 'whole of fund' return on assets metrics as misleading, confusing and irrelevant for most members. "IFSA has rejected the APRA superannuation fund data... and its use in superannuation comparisons," they said in a statement. ...

Not-for-profits still beat retail: APRA

ALEX DUNNIN  |  WEDNESDAY, 24 MAR 2010
APRA has released its second round of fund level 'whole of fund' return on assets figures again showing retail super funds to have significantly underperformed their not-for-profit rivals in the five years to June 2009. The regulator's move to press ...

Risk commission debate heats up

RUTH LIEW AND ALEX DUNNIN  |  THURSDAY, 18 MAR 2010
The FPA's stance that commissions on risk products should remain has revived the debate on insurance fees and prompted two other industry bodies to have their say. The Financial Planning Association yesterday called for commission payments for risk ...

Super assets reach $1.23 trillion

APRA RELEASE  |  THURSDAY, 11 MAR 2010
Another quarter, another $39 billion. The latest APRA figures show that the superannuation industry continues to grow - but some funds have done better than others in the three months to December. Over the December quarter, the assets of industry funds ...

Legalsuper member contributions rise

COMPANY RELEASE  |  TUESDAY, 2 MAR 2010
Legalsuper has seen its voluntary member contributions increase by 6 per cent for the previous year - a stark contrast to APRA figures that show contributions plummeting almost 40 per cent across the industry over the same period. In total, legalsuper ...

Contribs rate during GFC still 23 pct

ALEX DUNNIN  |  THURSDAY, 11 FEB 2010
Super contributions contracted only 5 per cent during the 2008-09 global financial crisis to $112 billion, leaving total contributions still at a high 23 per cent of total national wages or two-and-a-half times the SG rate, according to latest figures ...

APRA targets illegal early release on super

RUTH LIEW  |  MONDAY, 8 FEB 2010
Planners should take note of how they can help clients combat the illegal early release (IER) of super benefits, following APRA's letter last week to super fund trustees vulnerable to the practice. In the letter, APRA specifically targets IER involving ...