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Showing 11 - 20 of 39 results for "Prudential Standard SPS"

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... (CPS 232) that apply to ADIs, life insurers and general insurers, the equivalent superannuation standards Prudential Standard SPS 231 Outsourcing (SPS 231) and Prudential Standard SPS 232 Business Continuity Management (SPS 232) and the private health ...

Top 10 issues for super funds in 2023: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 JAN 2023
KPMG has identified 10 themes that will shape super fund discussions and decisions, including macro-economic forces directly impacting the industry. KPMG listed market volatility, higher inflation and interest rates as the top issue for super funds. ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential Standard SPS 530 Investment Governance (SPS 530). Draft Prudential Practice Guide SPG 530 Investment Governance (SPG 530) also includes ...

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
APRA has proposed to replace the existing Prudential Standard SPS 114 Operational Risk Financial Requirement (SPS 114) with enhanced obligations for trustees, to improve how they manage financial resources to protect fund members from poor operational ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... point to this achieving better outcomes for members." As such, APRA intends to introduce requirements in Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) to ensure all RSE licensees are appropriately prepared to transfer ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
... prescribed that to monitor and support the measurement of outcomes for members effectively, in line with Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515), better practice requires trustees to clearly define and measure service ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... trustee, failed to adequately monitor MobiSuper in regard to the same issues, and failed to comply with Prudential Standard SPS 231 Outsourcing. Tidswell's RSE licence was cancelled in June 2021. ASIC first launched its action against Tidswell, MobiSuper ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... closer monitoring of financial resources and new rules to follow when a MySuper authorisation is cancelled. Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) came into effect in January 2020, requiring trustees to regularly ...

Regulators release crypto, cyber security roadmaps

CHLOE WALKER  |  THURSDAY, 21 APR 2022
... addition, APRA stated that the principles and requirements of Prudential Standard CPS 231 Outsourcing or Prudential Standard SPS 231 Outsourcing should be considered when relying on a third party in conducting activities involving crypto assets. "Entities ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... requirements to apply from 2023 in the event of cancellation of an authority to offer a MySuper product, it said. Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) and associated guidance will also be reviewed this year in ...