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Showing 21 - 30 of 224 results for "RSE"

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... operating expenses, coming in at $518 million. In terms of further simplification, Insignia said it is targeting a reduction in RSE licences from four to one, reducing the number of super funds it offers from nine to one or two, offering just one or ...

Another Diversa offering bites the dust

JAMIE WILLIAMSON  |  TUESDAY, 31 JAN 2023
... Super unless they elect otherwise. The notice sent to members coincided with Diversa have additional conditions placed on its RSE licence by APRA, with the regulator flagging serious concerns about its ability to manage risks and deliver quality outcomes ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
The regulator has placed additional conditions on the trustee's RSE licence, flagging serious concerns with Diversa's ability to manage risks and deliver quality outcomes for members. APRA explained that the new conditions are designed to address ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... their super fund. The standard applies to FSC super members who hold a public or extended public offer licence to operate a RSE under the Superannuation Industry (Supervision) Act 1993. Australian Ethical Investment, BT Financial Group, Challenger, Clearview ...

SS&C launches super offering, secures Mine Super mandate

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... the 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 ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
Industry groups, consultants and research houses have reacted to findings about Australia's best and worst performing super funds. APRA heatmaps for MySuper products were released yesterday, exposing many sub-par products, but some in the industry ...

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... the 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 ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... includes 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 ...

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... resources for risk events in superannuation, the regulator outlines that it intends to enhance the prudential framework to require RSE licensees to, ensure the board approves the amount held for the components, determine how the financial resources to ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... 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, or receive, members, elevating previous guidance. Specifically, SPS ...