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Showing 21 - 30 of 51 results for "RSEs"

Cashwerkz chief steps down, trustee business to be spun off

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... partners. We believe we have a viable and highly attractive independent business model with Trustees Australia and REs and RSEs will be looking for this independent service provision."

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
... (Improving Accountability and Member Outcomes in Superannuation Measures No.1) Act 2019, she said. Where the legislation requires RSEs to assess member outcomes at a product level, the BPR requires an outcomes assessment across a range of metrics for ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... assessments for every MySuper and choice products, including the timing and publication of the assessments and data sources. RSEs have the discretion to apply the 12-month outcomes assessment period either to the calendar or financial year, income year ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... entity. Deputy chair Helen Rowell said APRA has held longstanding concerns about the ability of parties to gain control of RSEs via the "back door" without meeting a stringent approval process. "These concerns were heightened after this loophole contributed ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... expressed differently to more clearly delineate APRA's requirements from those imposed by the Bill," the regulator wrote to RSEs.

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... undertake a post-implementation review of all of its standards and how they are meeting objectives. Over the five years, RSEs have improved the management and design of their insurance arrangements (SPS 250), but still fall short in several areas. While ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... industry as highlighted by the financial services Royal Commission. APRA's new powers allow it to direct and take action on RSEs that contravene its prudential obligations, and impose civil penalties against trustees and their directors for breaching ...

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... commitment to improving member outcomes, she said. "But we will be using whatever tools and powers we have to get action." RSEs can expect a letter from Rowell laying down APRA's area of focus in the next week or so. "It will set out areas where ...

Superannuation to face BEAR: Hayne

KARREN VERGARA  |  TUESDAY, 5 FEB 2019
... argued that failures of governance must be examined by the regulator. "It is this last step that is necessary if trustees of RSEs are to be held properly accountable for their failures of governance," he said. Having suggested this, Hayne wants ASIC ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... Structural separation Hayne said he is "not persuaded that a case has been made for imposing some form of structural separation on RSEs." Structural separation would also be a large step to take, as it would affect every person who is currently a member ...