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

Search Results

Showing 1 - 10 of 2128 results for %22APRA%22

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... warnings and been more proactive on this front is a question for the trustees, adding that ASIC is still working closely with APRA regarding poor oversight of advice fee deductions. "It's a question for them, but it perhaps relates to our overall ...

Senior Cbus investment manager exits

ELIZABETH FRY  |  FRIDAY, 10 MAY 2024
... understanding of investment risk and performance attribution, a similar role. Ferguson was most recently head of investment risk at APRA, a role he held for two years. Before that, he held several investment and portfolio management roles with AustralianSuper ...

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN  |  FRIDAY, 10 MAY 2024
... consideration to: Expanding and simplifying the Super Saver Scheme Using superannuation as eligible collateral for a home loan Have APRA investigate the feasibility of superannuation-based shared equity schemes The Committee is now also examining other ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
UniSuper has commenced the restoration of its services, as APRA confirms it is monitoring the situation which arose when the fund's private cloud was inadvertently deleted. In a brief statement to Financial Standard, APRA said it is "aware of the ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... investing their savings in high-risk property schemes, it found. These are either via platform super products offered by APRA-regulated funds or a self-managed superannuation funds (SMSF). The cold calling business receives payments in return. "Many ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... clear consequences in terms of what failure might look like. Efficient in the sense that there is readily available data that APRA has to be able to administer the test in a relatively quick manner as well," he said. MySuper products were the first to ...

Former APRA chair joins ASX board

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
ASX chair Damien Roche has announced former APRA chair Wayne Byres will join the ASX board, effective today, as non-executive director. Roche said he was delighted to welcome Byres to the board, and he looked forward to "drawing on his deep financial ...

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... member balances grow. Additionally, the Institute called on the government to consider a greater role for trustees and the APRA in how areas of choice option underperformance are understood and rectified. It suggested the consequences for failing the ...

OneSuper to take on more super products

JAMIE WILLIAMSON  |  MONDAY, 22 APR 2024
... including Cruelty Free Super, Engineering Super, Professional Super (formerly MobiSuper), and Student Super. According to APRA data, the products have a combined FUM of about $418 million on behalf of about 32,000 members. In explaining to members of ...

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... member outcomes. "At present, it is the only option presented that is objective, efficient, and timely to administer for both APRA and super funds and has clear consequences of failure. That's why we support maintaining the status quo - the current performance ...
PREVIOUS
NEXT