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Showing 181 - 190 of 204 results for "Prudential Standard"

Funds remain unconvinced on lifecycle MySuper product

MELANIE TIMBRELL  |  THURSDAY, 22 MAR 2012
Chief executive officers in the not-for-profit super sector remain unconvinced a lifecycle product will offer the best outcome for members, according to a recent poll by the Australian Institute of Superannuation Trustees. A recent survey of 40 not-for-profit ...

Xenophon targets super funds for greater transparency

MELANIE TIMBRELL  |  WEDNESDAY, 14 MAR 2012
Remuneration together with better risk disclosure and information benchmarks will be the focus of new proposed legislation from independent Senator Nick Xenophon aimed at increased transparency in superannuation. The move was sparked by concern over ...

Super funds call key challenges

MELANIE TIMBRELL  |  FRIDAY, 9 MAR 2012
The breadth and pace of regulatory change, ongoing cost pressures and lower real yields in traditional asset classes have been identified as the key challenges facing Australian superannuation. A discussion at recent Centre for Investor Education Fund ...

FSC makes move on fund governance

ELISE BURGESS  |  WEDNESDAY, 7 MAR 2012
Some of the super industry's biggest players will have new transparency and governance policies to work under after the FSC released its new mandatory policy requirements. The Financial Services Council (FSC) said that there had been a lot of attention ...

Stonger Super second tranche amendments released

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
The government has released amendments to the second tranche of the Stronger Super legislation. This includes expanding the covenants for registrable superannuation entity (RSE) licensees, applying new trustee duties to trustees of an RSE that offers ...

Stronger Super makes trustee role unappealing: Mercer

ELISE BURGESS  |  THURSDAY, 9 FEB 2012
Additional requirements placed on super fund trustees in the proposed Stronger Super legislation will make the role less appealing and raise costs, according to Mercer's submission to the Federal Treasury. In responding to the Exposure Draft: Superannuation ...

ASFA warns on unseen MySuper outcomes

ELISE BURGESS  |  THURSDAY, 19 JAN 2012
ASFA is wary of potential unseen outcomes from the MySuper legislation Bill, including clashing between regulators and the rise of short-termism, as it predicts pressures on super trustees may trump the long-term interests of members. In a submission ...

MySuper regulations fundamentally flawed

MELANIE TIMBRELL  |  TUESDAY, 17 JAN 2012
Industry concerns have arisen over pricing structures and fee levels under the proposed My Super legislation, with calls for the government to allow differential pricing. "Lifecycle strategies that shift a higher weight to fixed income as a member nears ...

Stronger Super draft needs clarity

ELISE BURGESS  |  TUESDAY, 17 JAN 2012
The second tranche of Stronger Super is in need of more clarity, according to AIST in its submission on the Bill, with calls for clearer terminology and the legal boundaries of trustees. Submissions are being accepted from industry participants on the ...

Round two of Stronger Super revealed

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
Superannuation industry bodies have until January 13 to make submissions on the second tranche of the government's Stronger Super legislation, unveiled late yesterday. The latest exposure draft follows the introduction of the first part of the Superannuation ...