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Showing 11 - 20 of 20 results for "Successor Fund Transfers"

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
Following a series of successor fund transfers, the Aracon Superannuation Fund is set to be wound up. Spread across four divisions - ARA Retirement Fund, Xplore Super and Pension, Oracle Superannuation Plan, and Elevate Super - Aracon Super holds $590 ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... released a discussion paper that outlines proposals to ensure trustees prepare for, manage, and execute successor fund transfers more smoothly, and efficiently. APRA's proposals have been prompted by heightened transfer activity in the industry, which ...

Kate Farrar's top tips when merging

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2022
... Super into Brighter Super has added complexity as it's a retail fund resulting from several past successor fund transfers. "You do have to know what you're trying to achieve - you have to start with the end in mind. Most mergers are going to ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... they relate to their 'best financial interests duty' (BFID) obligations, investment governance, successor fund transfers and financial resilience, strategic planning and business performance review practices, insights and actions. To further ...

Super funds to reach $1tn by 2040: KPMG

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
... mega fund creation, the consultancy firm confirmed. In the six years between 2011 and 2016 there were 15 successor fund transfers above $500 million announced. But, in the three years between 2017 and 2019 there were 17 successor funds transfers and ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... sector, the regulator said. As part of this, APRA will be reviewing Prudential Practice Guide SPG 227 Successor Fund Transfers and Wind-ups with a view to developing new requirements to apply from 2023 in the event of cancellation of an authority to ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... superannuation industry is a secretive one, and large swathes of it go unreported. Of all the mergers and successor fund transfers that took place this year, Financial Standard was first and often the only publication across many of them; Perpetual exiting ...

Rice Warner recruits NAB executive

JAMIE WILLIAMSON  |  MONDAY, 12 MAR 2018
... well versed in the areas of actuarial valuations, defined benefit management, default superannuation, successor fund transfers and insurance. Jenkins began his career in 1985 as an actuary with Mercer in the UK. Over the course of 28 years he held a ...

WA super funds combine forces

JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2017
... as our state, with jobs remaining in Western Australia and not going east like they have with recent successor fund transfers for other WA corporate super funds," Evans said. Shanahan added that both trustee boards are delighted about the prospect of ...

APRA cuts red tape on superannuation transfers

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... or wind up products following industry consultation. The regulator's Prudential Practice Guide SPG 227 Successor Fund Transfers and Wind-ups (SPG 227) widens the definition of what can be considered members' "equivalent rights" in each super product ...
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