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Showing 11 - 20 of 96 results for "RSE licensee"

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
A host of Equity Trustees and OnePath options once again dominated the worst-performing and most expensive Choice products in APRA's newly published heatmap results. Of the 407 options with an eight-year return history APRA analysed, 182 or 45% ...

SS&C launches super offering, secures Mine Super mandate

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... context of a rolling eight-year benchmark. Further, regarding the sustainability of member outcomes, Mine Super's RSE licensee AUSCOAL Superannuation had a member growth rate (3-year average) of -2.66%. Following the release of APRA heatmap data ...

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... context of Heatmap benchmarks over eight years. Pertaining to the sustainability of member outcomes, Mine Super's RSE licensee AUSCOAL Superannuation had a member growth rate (3-year average) of -2.66%. AUSCOAL Super's net cash flow ratio (3-year ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... additional guidance on liquidity management, stress testing, and valuations practices. APRA said it expects that an RSE licensee would demonstrate adequate liquidity management practices equal with the nature, risk, and complexity of investments and ...

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... costs, APRA proposes to introduce the baseline component requirements," the discussion paper said. "This means that an RSE licensee will have to maintain access to a specific pool of financial resources to enable these actions to take place." Meanwhile ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... struggle to take prompt and proportionate action to respond to poor performance outcomes. Consequently, where an RSE licensee fails to identify and address barriers to transfers in a timely manner, members can be exposed to additional risks, including ...

Super fund disclosure rules finalised

ANDREW MCKEAN  |  MONDAY, 5 SEP 2022
Regulations relating to requirements for superannuation funds to disclose expenditures with the Annual Member's Meeting notice have been updated. Last month, the government published draft regulations for consultation. As previously reported by Financial ...

Not ruling anything out: Insignia Financial

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
Having attributed its strong FY22 earnings to its recent acquisitions, Insignia Financial's Renato Mota is not ruling out future M&A opportunities to add scale. "We have undertaken two large acquisitions, I think that's provided us with tremendous ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
Insignia Financial announced its underlying net profit after tax (UNPAT) has increased 59% to $234.5 million in FY22 from $147.8 million last year. The results were driven by the completion of the MLC acquisition in May as well as strong business growth ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... the business performance review, to one where member outcomes considerations are embedded and integrated across an RSE licensee's business operations." APRA said the outcomes sought by licensees are not always clearly defined in an objectively measurable ...