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Showing 1741 - 1750 of 4848 results for "super funds"

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... January 2020. APRA issued SPS 515 as part of the Strengthening Member Outcomes package in December 2018. It requires super funds to improve their strategic and business planning. This includes undertaking a holistic assessment of the RSE's performance ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... branding, in what Equipsuper chair Andrew Fairley told Financial Standard is an attractive new model for Australian super funds as consolidation sweeps the industry. Fairley said the two funds expected significant savings for their members from the move. ...

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... consideration of membership demographics and insurance design has occurred, improvements have been "slow." Many insurers and super funds gave little consideration to insurance strategy until work commenced on the voluntary industry insurance code of ...

Members dismiss intra-fund advice: Poll

KARREN VERGARA  |  MONDAY, 29 APR 2019
... pension fund," ASIC said. Industry Funds Services (IFS) chief executive Cath Bowtell flagged at the Conference of Major Super Funds in March that a working group is underway to urge regulators to expand the definition of intra-fund advice. Bowtell said ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... potential cyber-crime. NCC Group is one of the companies working with APRA and financial services entities, including super funds, to improve cyber security standards. Head of risk management and governance consulting for NCC Group Joss Howard says that ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... three-year review into the sector. Thanks to consolidation, particularly in the corporate and retail sector, the number of super funds has dropped by almost a third - from over 650 funds in 2006 to 228 as at June 2017. "But more should have happened," ...

Former super fund investment lead joins consultancy

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
... Parlevliet will focus on enhancing the firm's services for major institutional investors in Australia, including super funds. He has over 28 years of experience in the super industry, previously as chief investment officer at Commonwealth Bank Group ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... changes is telling of the trustees' commitment to members' best interests, she added. The package mandates super funds to make insurance opt-in for members whose accounts have been inactive for 16 months. Fund members with balances under $6000 ...

Retirement funder partners with ME Bank

KARREN VERGARA  |  FRIDAY, 12 APR 2019
... $550,000 and charge a variable 5.9% interest rate per annum and 1.5% establishment fee. ME Bank is owned by 26 industry super funds.

Super funds hungry for global stocks, alternatives

KANIKA SOOD  |  THURSDAY, 11 APR 2019
The lion's share of the institutional mandates awarded in Australia last year went to international equities and alternatives manager, the latest Rainmaker Mandate Chaser report shows. Not-for-profit superannuation funds and investment managers handed ...