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Showing 241 - 250 of 566 results for "Prudential Regulation Authority"

We're watching you, APRA warns trustees

JAMES FERNYHOUGH  |  THURSDAY, 24 OCT 2013
The Australian Prudential Regulation Authority (APRA) has warned superannuation fund trustees it will not tolerate inertia or complacency, in a clamp down that is sparking fears that the role of trustee is becoming a full-time job. Speaking to an audience ...

Former Trio director provides enforceable undertaking

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
... excluding him from acting as a superannuation trustee for three and a half years. The Australian Prudential Regulation Authority (APRA) accepted the undertaking, saying it was concerned that Groeneveld, who was a non-executive director of Trio, had contravened ...

MySuper authorisations creep up to 78

ALEX DUNNIN  |  FRIDAY, 18 OCT 2013
... are only 78 funds MySuper authorised. According to figures from the regulator, the Australian Prudential Regulation Authority (APRA), not-for-profit funds dominate the MySuper authorised list with 60 funds so authorised including 43 industry funds, nine ...

Sunsuper launches MySuper fund

MARK SMITH  |  THURSDAY, 17 OCT 2013
... product. While 79 funds have so far had their MySuper products rubber-stamped by the Australian Prudential Regulation Authority (APRA), only a handful have rolled theirs out to members. MySuper is designed to offer protect consumers from paying for superannuation ...

Get longevity risk right on DLAs, warns APRA

JAMES FERNYHOUGH  |  THURSDAY, 10 OCT 2013
... rigorously factored in longevity risk, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA). Speaking at an event in Sydney yesterday, Laughlin said that APRA will pay close attention to DLA providers' longevity ...

Government must lift annuities impediments: ASFA

JAMES FERNYHOUGH  |  WEDNESDAY, 9 OCT 2013
... development of regulations which apply to both." He also recommended the amendment of Australian Prudential Regulation Authority (APRA) prudential standards applying to minimum surrender values of pension and annuity products "to reflect the special ...

Industry funds ask for specialised SMSF adviser training

LAURA MILLAN  |  THURSDAY, 3 OCT 2013
... different and more specialised training than those who advice on funds regulated by the Australian Prudential Regulation Authority (APRA). The Australian Institute of Superannuation Trustees (AIST) and the Industry Super Association (ISA) have lodged ...

IOOF gets MySuper license

LAURA MILLAN  |  TUESDAY, 1 OCT 2013
IOOF has received its MySuper license approval from the Australian Prudential Regulation Authority (APRA). IOOF will start to offer the MySuper default option from January 1, 2014 and it will replace existing default products. "IOOF MySuper offers members ...

Australian Ethical MySuper option approved

MARK SMITH  |  FRIDAY, 27 SEP 2013
Australian Ethical has been granted approval for its MySuper product by the Australian Prudential Regulation Authority (APRA). The fund, which becomes the 74th to gain APRA approval, will use its existing Balanced fund as its MySuper option. It will ...

ASIC, "twin peaks" model faces review

LAURA MILLAN  |  MONDAY, 23 SEP 2013
... opportunity to undertake a broader review that questions "the twin peaks model" of the Australian Prudential Regulation Authority (APRA) and ASIC. "There needs to be a clear demarcation between policy creation by Treasury and regulation of legislation ...