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Showing 31 - 39 of 39 results for "Prudential Standard SPS"

APRA unveils new prudential measures

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... in their strategic and business planning." Part of the package includes three new prudential standards: Prudential Standard SPS 515 Strategic Planning and Member Outcomes; Prudential Practice Guide SPG 515 Strategic and Business Planning; and Prudential ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... Suncorp Portfolio Services Limited (SPSL) case study - which may not be consistent with the requirements of Prudential Standard SPS 231 Outsourcing. Maurizio Pinto, the executive manager of the office of the superannuation trustee within SPSL, had to ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... SLSL nor did it take into account the arrangement was commercial and at arm's length; Contravened Prudential Standard SPS 231 (outsourcing) by failing to ensure SPSL could demonstrate the outsourcing arrangement with SLSL is conducted on an arm's ...

Cash is cash, APRA tells super funds

KANIKA SOOD  |  MONDAY, 2 JUL 2018
... product will be readily accessible (for withdrawal or transfer) without change in value," it said citing prudential standard SPS 530 Investment Governance. In some cases the reverse was observed, where a fund's investment policy framework permitted ...

APRA sets dates for ERF transitions

JAMES FERNYHOUGH  |  MONDAY, 3 JUN 2013
The Australian Prudential Regulation Authority (APRA) has published the final superannuation prudential standard SPS 450 Eligible Rollover Fund (ERF) Transitions together with the response to consultation. This prudential standard will take effect on ...

State Street launches investment governance tool

LAURA MILLAN  |  WEDNESDAY, 20 FEB 2013
... analytics tools to help superannuation funds prepare for the Australian Prudential Regulation Authority (APRA) prudential standard SPS 530 on investment governance. The tool allows trustees to analyse fund investment data, run stress tests and produce ...

APRA releases final Prudential Standard for MySuper transition

MARK STORY  |  THURSDAY, 13 DEC 2012
The Australian Prudential Regulation Authority (APRA) yesterday released final Prudential Standard SPS 410 MySuper Transition (SPS 410) and the final approved forms for application for authorisation to offer MySuper products and ERFs for the superannuation ...

TAL urges trustees to review default insurance benefits

MARK STORY  |  FRIDAY, 30 NOV 2012
Super fund trustees should re-examine whether the levels of default life insurance cover offered by their funds meet member needs, according to specialist life insurer, TAL. APRA's proposed Prudential Standard SPS250 will require trustees to develop ...

APRA releases MySuper transition guidance

BEN COLLINS  |  THURSDAY, 11 OCT 2012
... intended to assist registerable superannuation entity (RSE) licensees to meet their obligations under Prudential Standard SPS 410 MySuper Transition which was released as a final draft on 3 October 2012. This prudential standard sets out requirements ...
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