Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1621 - 1630 of 1830 results for "APRA."

Super funds to pass 'approved list'

MICHELLE BALTAZAR  |  THURSDAY, 24 JUL 2008
Senator Nick Sherry continues his campaign to "renovate the house" when he filed a government submission calling for a radical change to the way employers select their default super fund - suggesting a default fund should be chosen from an 'approved ...

Reserves okay and can be raised by fees: APRA

ALEX DUNNIN  |  FRIDAY, 18 JUL 2008
APRA dismisses claims that super choice means funds should no longer hold reserves for smoothing investment returns. Keith Chapman, executive general manager of APRA's Supervisory Support Division, speaking at the recent Meeting of Government Superannuation ...

IFSA slams proposed default fund

ALEX DUNNIN AND RUTH LIEW  |  WEDNESDAY, 16 JUL 2008
IFSA has shot down a proposal by an APRA principal researcher for the government to set up a single-option indexed national default super fund to receive SG contributions. Richard Gilbert, chief executive of IFSA, is skeptical of research highlighting ...

Slash fees with national default fund

ALEX DUNNIN  |  FRIDAY, 11 JUL 2008
A researcher from APRA has outlined how the government could set up a single-option indexed default super fund to receive SG contributions that could operate at fee levels as low as 10 basis points. Wilson Sy, a researcher at the Australian Prudential ...

ABS cutbacks bad idea

ALEX DUNNIN  |  FRIDAY, 4 JUL 2008
The ABS will be cutting back surveys and sampling depth in key economic areas as it meet savings targets outlined in the Federal Budget. Research and development for labour market, social, prices and demography statistics will be wound back, as will ...

Sparks fly at APRA statistics forum

ALEX DUNNIN  |  THURSDAY, 3 JUL 2008
A forum convened by APRA to discuss their superannuation statistical surveys became one of the most heated seminars the industry has seen in years as the regulator reacted to heavy criticism that they are not properly reporting investment returns. Charles ...

Industry funds steering clear of FHSAs

WWW.THESHEET.COM  |  FRIDAY, 13 JUN 2008
The release this week of Australian Prudential Regulation Authority draft prudential standards for super funds that plan to offer first home saver accounts has confirmed the view of many fund trustees that the FHSA structure and regulatory framework ...

APRA hunts down 32 funds

ALEX DUNNIN  |  WEDNESDAY, 11 JUN 2008
APRA is flexing its muscle and threatening to remove 32 trustees from their super funds. The prudential regulator has announced it is seeking information on 32 superannuation funds whose Trustees have failed to apply to APRA to be licensed. It is proposing ...

Industry responds to APRA report

APRA's latest research on the governing practices of super funds revealed key differences between how retail fund trustees and industry fund trustees operate, but players from both sides of the fence argue their case. APRA's comprehensive report found ...

Retail and not-for-profit trustees are different

ALEX DUNNIN  |  THURSDAY, 8 MAY 2008
A governance review of super funds by APRA has found that while decisions by not-for-profit funds are driven by their trustees, it's senior executives who initiate most of the key decisions in retail funds. "Retail trustees have fewer directors, shorter ...