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Showing 261 - 270 of 318 results for "Member Outcomes"

Associations raise member outcomes concern

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
Superannuation industry associations are voicing their concerns over the proposed member outcomes framework, worried there is a disconnect between the law and APRA's expectations. APRA is busy working through submissions for Prudential Standard ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
... flagship MySuper products, benefiting approximately 600,000 existing customers as well as new customers, improving member outcomes. In 2019, we also cut fees to MyNorth." Maurice Blackburn is giving AMP superannuation members the opportunity to claim ...

Super stability not guaranteed: Rice Warner

HARRISON WORLEY  |  FRIDAY, 24 MAY 2019
... challenge of implementing the Protecting Your Super Package changes alongside meeting the requirements of APRA's member outcomes regime. The firm noted the Government would also implement most of Commissioner Kenneth Hayne's recommendations from the ...

Frontier highlights best in show list weaknesses

KARREN VERGARA  |  THURSDAY, 16 MAY 2019
... of time periods, risk profile and qualitative factors such as member services." Carruthers added APRA's new member outcomes legislation will set a minimum standard of delivery, across a range of areas that funds need to provide. "That would give ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
APRA has revised its member outcomes framework to complement the new Bill that passed in April and is now seeking consultation. Following the passage of Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures ...

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... areas. While practices relating to insurance strategy, design and selection of insurers, and how these affect member outcomes are consistent across the industry, requirements or guidance could be enhanced. Industry participants that contributed to the ...

IOOF breaches APRA licence conditions

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... conditions. The firm said its approach to the OST had been to design the function "in a considered manner, with member outcomes central to its design and maintenance." The prudential regulator said it informed the three entities it is considering to ...

Former super fund investment lead joins consultancy

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
... evolve," van Zyp said. The firm is delighted to be working with Parlevliet, he added. "His unwavering focus on member outcomes and substantial experience working for super funds will help us to develop our services and add value for our clients," he ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... or a number of mergers," the report reads. From 1 January 2020, funds will be required to undertake an annual member outcomes assessment under the recently released Prudential Standard SPS 515. This is based on: net investment returns, fees and operating ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans trustees from using goods or services to influence employers to nominate ...