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

Search Results

Showing 21 - 30 of 112 results for "RSE licensee"

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
APRA has released new insights into superannuation product performance, revealing that most on-platform trustee directed products (TDPs) underperform their benchmark and exhibit higher administration fees. The prudential regulator's analysis based on ...

Most trustees pass Canva valuation test: APRA

KARREN VERGARA  |  MONDAY, 4 SEP 2023
... appointed fund managers that reflect "valuation adjustments according to the specific circumstances and policies of the RSE licensee". "These were issues flagged as requiring improvement in APRA's 2021 unlisted asset valuation thematic review. Valuation ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
... deadline for feedback on the proposal is August 25. Meanwhile, APRA released its final instrument exempting certain RSE licensee directors from the change of control and ownership provisions of the Superannuation Industry (Supervision) Act 1993 (SIS ...

APRA finalises framework for MySuper products

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... explains potential scenarios where APRA will issue a determination to combine performances, like a merger or change of RSE licensee. Where it's dealing with within-product changes, APRA explained that this month it made Superannuation technical determination ...

APRA toughens stress testing frequency, valuation stance

KARREN VERGARA, RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2023
... undertaking these on a quarterly basis or in line with certain criteria as pre-determined by the RSE. "APRA expects an RSE licensee would consider those factors that require more frequent or ad-hoc stress tests," APRA said. SPG 530, which took effect ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
A joint regulatory review finds that superannuation funds are shrugging off the urgency to offer robust retirement income strategies and are failing to integrate this mandate into their business plans. One year since the Retirement Income Covenant took ...

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 ...