Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 88 results for "Stronger Super reforms"

ASIC warns super funds over transparency requirements

MARK SMITH  |  MONDAY, 7 SEP 2015
... Superannuation (Industry) Supervision Act (SIS Act) and SIS regulations 2.37 and 2.38, introduced under Stronger Super reforms, require funds to display executive remuneration disclosure and other information about super funds' governance on their websites. ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
The Australian Crime Commission believes Stronger Super reforms implemented from 2013 have reduced illegal early release schemes run through self-managed superannuation funds (SMSFs). In its latest report, Organised Crime in Australia 2015, the commission ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... process to allocate new default fund members to MySuper products, unless a review by 2020 concludes that the Stronger Super reforms have been effective in significantly improving competition and efficiency in the superannuation system. The retirement ...

ASIC to scrutinise intra-fund advice

JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
... Kell said the increased scrutiny will be part of a wider review of trustees and their application of the Stronger Super reforms. "It's a type of advice that we want to encourage, because we think it's very important, but we want to make sure it's going ...

Super funds must justify not merging: APRA

JAMES FERNYHOUGH  |  MONDAY, 17 NOV 2014
... an exit strategy." Rowell told Financial Standard that as part of the scale assessment component of the Stronger Super reforms, funds must be able to demonstrate that their structure is of optimal benefit to members. "Funds and trustee directors need ...

Energy Super CEO explains disclosure decision

JAMES FERNYHOUGH  |  TUESDAY, 28 OCT 2014
... have fought (successfully) to delay the portfolio holdings disclosure rules that were part of the original Stronger Super reforms, Energy Super has done the opposite. By pre-empting the rules and disclosing its holdings, it has now become one of the ...

Energy Super discloses all holdings on website

JAMES FERNYHOUGH  |  WEDNESDAY, 22 OCT 2014
... fund is pre-empting mandatory portfolio holdings disclosure requirements that were part of the initial Stronger Super reforms, but have been put off until at least July 2015. In the case of equities, the tool provides information on how many units are ...

Treasury proposes tax relief for merging super funds

JAMES FERNYHOUGH  |  FRIDAY, 26 SEP 2014
... example, ASFA chief executive Pauline Vamos said: "ASFA believes that the introduction of the Government's Stronger Super reforms will lead many superannuation funds to consider whether to continue to operate as standalone funds. ASFA has argued that ...

Give MySuper time to work, says AIST

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
... to raise questions about superannuation - and we acknowledge there is always room for improvement -A the Stronger Super reforms, which include MySuper and SuperStream - must be afforded time to deliver on their objectives." However, while he called for ...

Super funds have clout to demand transparency

JAMES FERNYHOUGH  |  FRIDAY, 11 JUL 2014
... sheet." He said he only had one objection to the original standards which were proposed as part of the Stronger Super reforms, and have now been delayed for the second year running. "I'm happy to disclose any listed asset we have. In the unlisted assets ...