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Showing 181 - 190 of 2135 results for "APRA"

ASIC abandons $500k SMSF threshold

ANDREW MCKEAN  |  FRIDAY, 9 DEC 2022
... 206 to SMSFs with balances below $500,000 as having lower investment returns and will often be uncompetitive compared with APRA-regulated funds was at odds with research conducted on a sizeable proportion of the SMSF sector," Burgess said. "It's worth ...

APRA, ASIC concerned over premium increases

CHLOE WALKER  |  FRIDAY, 9 DEC 2022
APRA and ASIC have asked the chief executives of life insurers to explain the continuing increases to retail insurance premiums following complaints from consumers and reportable situations. In a joint letter, the regulators said they're concerned premium ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
... "There have been a number of regulatory changes to superannuation, introduced by the government and regulatory bodies such as APRA over the last few years, which have increased the complexity and costs associated with administering superannuation funds." ...

Corporate super plan seeks merger partner

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
... potential transition partners and a shortlist of funds for its trustees to consider merging with. The fund was identified by APRA earlier this year as one of many facing sustainability issues, largely because of its declining membership. According to ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
... applying the annual performance test. This means that if faith-based products were to fail the original performance test, APRA would assess the product against a supplementary performance test that implements alternative indices. Though this policy was ...

Super fund board renewals need work: APRA

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
APRA deputy chair Margaret Cole says there is "material scope" for improvement in super fund board renewal strategies. In a speech to the AIST Chairs Forum, Cole outlined the regulator's expectation of trustee boards, saying the issue of board governance ...

Australian Ethical, Christian Super merger finalised

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
... Australian Ethical and Christian Super first flagging their discussions in April. Exploration of a merger occurred after APRA forced Christian Super to seek a partner, placing a range of conditions on its licence at the end of 2021 including that it ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
APRA general manager of governance, culture, remuneration and accountability Stuart Bingham said a strong risk culture is essential for effective risk management outcomes. In a speech, delivered at the Financial Services Assurance Forum, Bingham discussed ...

Super fund reporting requirements 'a dog's breakfast'

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
... serves a distinct purpose, eliminating duplication and enhancing clarity. As previously reported by Financial Standard, former APRA chair Wayne Byres said: "Transparency has been key to increasing the discipline on trustees to ensure they are always ...

'Our fears were warranted': Chant West proposes YFYS alternative

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
... being. This is in stark contrast to Industry Super Australia (ISA) which has advocated for expanding benchmarking to all APRA-regulated products - including Choice products, as soon as possible. Likewise, Grattan Institute recently argued that the YFYS ...