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Showing 1611 - 1620 of 1830 results for "APRA."

Move for APRA fund level data gathers pace

ALEX DUNNIN  |  THURSDAY, 20 NOV 2008
Momentum for the industry prudential regulator APRA to publish a complete list of super fund returns on its website is growing following their release of a discussion paper regarding how it might be done. The target date for the new publication is April ...

Westpac number one ADI branch owner

ALEX DUNNIN  |  THURSDAY, 13 NOV 2008
As banks reclaim market share in the mortgage market following the RMBS market meltdown and the flight to government guaranteed deposit taking institutions, APRA has released figures showing their branch network is as strong as ever. According to the ...

Westscheme heeds APRA comments

MICHAEL HOBBS  |  TUESDAY, 4 NOV 2008
Westscheme chief executive Howard Rosario said the super fund changed its member choice cash option after APRA told trustees that members choosing the option assume their funds are invested in cash, not 'enhanced cash' instruments. ING Investment Management ...

Retail fund fights back

MICHAEL HOBBS  |  TUESDAY, 28 OCT 2008
The value of financial advice must be considered when comparing performance, an issue often overlooked in the debate about retail versus industry funds, said Colonial First State head of strategy, Nicolette Rubinsztein. The industry debate on the differences ...

Fees cause underperformance, not asset allocation: APRA

ALEX DUNNIN  |  THURSDAY, 16 OCT 2008
The latest research paper from APRA confirms that fees are the major difference in net returns between retail and not-for-profit super funds, not asset allocation or differences in account balances. The paper, Investment Performance, Asset Allocation ...

CBA buys BankWest and St Andrews

MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
The Commonwealth Bank of Australia has purchased BankWest and St Andrew's Australia for $2.1 billion. Commonwealth Bank is determined to keep its strong capital position and intends to fund the purchase price by undertaking a $2 billion accelerated ...

APRA rebuffs super stats critics

ALEX DUNNIN  |  WEDNESDAY, 1 OCT 2008
APRA has smacked down criticism by retail groups that the regulator's superannuation fund performance research is flawed. Ross Jones, APRA deputy chairman, in a letter accompanying the release of their report, A Response to [the] Review of APRA's Investment ...

Govt policies block choice

MICHELLE BALTAZAR  |  THURSDAY, 7 AUG 2008
The Rudd Government's proposed policies on super and financial advice are potentially "anti-competitive" and won't go unchallenged, said shadow treasurer Malcolm Turnbull. Speaking at the IFSA conference yesterday, Turnbull said the Coalition will be ...

Returns stats should show impact of advice

ALEX DUNNIN  |  THURSDAY, 7 AUG 2008
A review of APRA's return on assets (ROA) statistics commissioned by IFSA has recommended the regulator publish actual gross and net fund performance figures so consumers can compare the impact of advice. The report, produced by the International Centre ...

APRA to review super fund stats

MICHELLE BALTAZAR  |  MONDAY, 28 JUL 2008
APRA will consult with industry players on proposals to change the format of its all-important statistics on super fund performance so the public can make more informed choices about who should manage their retirement savings. Every three months, the ...