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Showing 401 - 410 of 2020 results for "Legislation"

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... "trustee-directed" products definition doesn't include many Choice products, meaning they can't be tested under current legislation. This leaves about a third of APRA-regulated funds out of the test's remit. "I'm concerned that there's a potential ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... results as it did, and is open to how it does things differently next year. "So, we fulfilled our obligations under the legislation, which was that we publish who passes and who fails, and also the ATO's YourSuper comparison tool is really the tool ...

APRA leaves door open for benchmark tweaks

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... indices either via seeking approval from the government or at its own discretion. "So, there is some flexibility in the legislation process to update the indices that we use. And I think we can make proposals to the government about expanding the number ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... super fund sits compared to others", she said. "AIST remains concerned that there is no requirement either in the legislation or regulations for all super products to be performance tested or for a fund to have passed the test before a member can be ...

Iress integrates DDO with Xplan

ANNABELLE DICKSON  |  MONDAY, 30 AUG 2021
... to interact with. At the same time, it will improve advisers' efficiency and reduce risk for licensees that the DDO legislation may not be complied with." ASIC's RG 274 Product design and distribution obligations aims to help consumers obtain appropriate ...

Plan to increase competitiveness of managed funds

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... allowing fund managers to offer investment products using vehicles that are more familiar to overseas investors. Draft legislation on the matter has now been released for public consultation. The government has previously consulted on CCIVs in 2017 ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... YFYS performance tests, says Industry Super Australia. The new performance test set under the Your Future, Your Super legislation is due to hand out its results to superannuation funds on August 30. Earlier this month, last-minute changes from the government ...

NGS, ACSRF shelve merger plans

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... 30 "Following much discussion and due diligence, coinciding with the introduction of the 'Your Future, Your Super' legislation that has changed the environment for all super funds, we don't believe the merger would be in our members' best interests. ...

Fear of greenwashing worse than reality: Report

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 AUG 2021
... sustainable debt space increasingly complex for investors and reduces comparability across instruments." S&P suggested that legislation and global harmonisation of labelling of ESG, green or sustainable instruments and products will sooth investors' ...

Three-month relief proposal gains traction

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... (Relevant Providers Exams Standard) (Amendment No. 1) Determination 2021 has been lodged with the federal register of legislation. It follows a consultation period in which FASEA received eight formal submissions during July. That month, FASEA proposed ...