Search ResultsShowing 11 - 20 of 44 results for "Prudential Standard"
Fire drills needed to meet APRA standards
ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... broad set of challenges for super funds and other financial services firms. "The actual clauses within the prudential standard are open for interpretation rather than a very prescriptive approach," Howard said. "Our findings are that for those companies ...
Industry funds eye SMSF market stronghold
KARREN VERGARA  |  TUESDAY, 16 APR 2019
... 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 costs, cost of insurance, net cash flows, outflow ratios ...
APRA warns trustees on expectations
ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... compliance with the sole purpose test has been brought into question. APRS also reminded trustees that its new prudential standard PS 515 Strategic Planning and Member Outcomes becomes effective from January 2020; "Trustees should now be drawing up plans ...
Royal Commission will guide remuneration standard: APRA
DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
What APRA learned from its prudential inquiry into Commonwealth Bank, and the Royal Commission, will help shape its updated and soon-to-be released standard on remuneration. APRA executive general manager, policy and advice, Pat Brennan told an industry ...
APRA sets sights on 2019 targets
HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
... further strengthen our prudential requirements on executive remuneration, with consultation on a revised prudential standard due to start mid-year. We will also review our cross industry governance and risk management standards this year to ensure they ...
APRA unveils new prudential measures
KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... reflected in their strategic and business planning." Part of the package includes three new prudential standards: Prudential Standard SPS 515 Strategic Planning and Member Outcomes; Prudential Practice Guide SPG 515 Strategic and Business Planning; and ...
APRA beefs up cybersecurity standards
HARRISON WORLEY  |  THURSDAY, 8 NOV 2018
... regulator's new information security standard. On Wednesday the regulator released the final version of its prudential standard focused on information security management, requiring its regulated entities to clearly define information security related ...
APRA to reopen old wounds for CBA, IOOF
KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... Suncorp Portfolio Services Limited (SPSL) case study - which may not be consistent with the requirements of Prudential Standard SPS 231 Outsourcing. Maurizio Pinto, the executive manager of the office of the superannuation trustee within SPSL, had to ...
Retail super funds in hot water: Royal Commission
KARREN VERGARA  |  MONDAY, 27 AUG 2018
... by SLSL nor did it take into account the arrangement was commercial and at arm's length; Contravened Prudential Standard SPS 231 (outsourcing) by failing to ensure SPSL could demonstrate the outsourcing arrangement with SLSL is conducted on an arm's ...
Cash is cash, APRA tells super funds
KANIKA SOOD  |  MONDAY, 2 JUL 2018
... product will be readily accessible (for withdrawal or transfer) without change in value," it said citing prudential standard SPS 530 Investment Governance. In some cases the reverse was observed, where a fund's investment policy framework permitted ...
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