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

Search Results

Showing 21 - 30 of 54 results for %22rse Group%22

IOOF, ANZ transaction gets green light

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
... this year. "APRA has concluded it has no reason to believe that, because of IOOF's controlling stake in OnePath or Oasis, the RSE licensees may be unable to satisfy one or more of the trustee's obligations contained in a covenant set out in the [Superannuation ...

APRA floats insurance in super change

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... best interests of beneficiaries - implementing recommendation 4.14. "APRA should amend Prudential Standard SPS 250 to require RSE licensees that engage a related party to provide group life insurance, or who enter into a contract, arrangement or understanding ...

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... MobiSuper and ZIB Financial director Andrew Richard Grover. Tidswell is owned by Sargon and holds an extended public offer entity RSE licence under the SIS Act, as well as an AFSL issued by ASIC. Its model is to partner with promoters to offer new super ...

Platform hints at aggressive expansion

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... Standard he is focusing on bringing together Xplore's four businesses - the platform, responsible superannuation entity (RSE), managed discretionary accounts and DIY super administration. "The two acquisitions we made last year, Aracon Superannuation ...

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
... from IOOF Investment Management to IISL under the group's broader reorganisation plan to split the business' RE and RSE functions. In granting the variation, ASIC imposed additional conditions in relation to governance, structure and compliance. ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... defending the case against them. Late last year IOOF appointed an independent reviewer and also agreed with APRA to separate its RSE and RE licence functions into two separate legal entities. IOOF must also establish a dedicated business function to ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... harm to the insured? If the current regulatory requirements are not sufficient, what should be changed?" they asked. In the group insurance segment, they asked if universal minimum coverage requirements, key definitions, and key exclusions should be ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... Outsourcing. Maurizio Pinto, the executive manager of the office of the superannuation trustee within SPSL, had to answer why the group retains tax benefits not passed on to members. In the 2012 financial year for example, the tax surplus was $8.1m. ...

Linear pushes MGP into the red

KARREN VERGARA  |  MONDAY, 3 SEP 2018
... sense." In May 2018, the company announced it was well advanced in acquiring an existing Registrable Superannuation Entity (RSE) and executed a non-binding relationship agreement, he said. "If completed on terms suitable to Managed Accounts, this transaction ...

Former Mercer director joins MGP

JAMIE WILLIAMSON  |  MONDAY, 3 SEP 2018
... audit, risk and compliance committee. MGP chair Don Sharp said McAlister's expertise will be invaluable if the planned RSE acquisition goes ahead. In addition to MGP, McAlister is also currently working with the Australian Financial Complaints Authority ...