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Showing 421 - 430 of 1604 results for "Transparency"

Breach reporting guidance released

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
... benefit consumers by allowing ASIC to better identify and swiftly address systemic problems. There will be greater transparency for consumers and firms with the publication of breach reporting data by ASIC from late 2022," Chester said.

Retail, corporate funds lack transparency on ESG votes

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
... these six funds manage more than $748 billion or about 38% of APRA-regulated funds. "Their members deserve better transparency and stronger support for ESG issues. Despite a growing number of super funds claiming to incorporate ESG into their investment ...

AustralianSuper skewers draft disclosure laws

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... to Treasury, the super fund said the draft regulations as they stand "do not strike an appropriate balance between transparency and protecting members' best financial interests". AustralianSuper said the regulations require the release of sensitive commercial ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... annual investment conference, APRA general manager superannuation Katrina Ellis was asked if the regulator is keen on transparency, why it didn't publish the quantum by which MySuper products passed or failed the inaugural YFYS test. The test results ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... acknowledged the release of the Your Future, Your Super performance test results as a good first step in improving transparency for members but urged for greater focus on poor performing, non-MySuper products. This would "ensure that every Australian ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... variation in pass/fail outcomes among super funds that have the same return over the same period and APRA's lack of transparency on the quantum by which a fund passed or failed. "We have long said that habitually underperforming funds should undertake ...

APRA outlines remuneration standard

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... deferral requirements for variable remuneration with malus and clawback provisions as well as increased board oversight, transparency and accountability on remuneration outcomes. "CPS 511 will impose genuine financial consequences on senior banking ...

Fear of greenwashing worse than reality: Report

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 AUG 2021
... scepticism is a natural reaction to the boom in ESG and sustainable labelled products - especially as there is a lack of transparency around instrument labelling. "A lack of consistency in ESG terminology associated with various ESG investments has become ...

Super unit boosts Equity Trustees performance

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... and corporate. "This will enable each business to focus and prosper in its areas of strength as well as improving transparency," he said. In total, the firm's funds under management, administration and supervision (FUMAS) jumped 43% to $144 billon, its ...

APRA expands life insurance data reporting

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... said it will release more of the life insurance and general insurance data it collects in a bid to promote greater transparency and efficiency, support competition, and facilitate innovative uses of the data. APRA's reports will show the class of business ...