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Showing 31 - 40 of 224 results for "RSE"

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
The prudential regulator has placed additional conditions on Insignia Financial's RSE licence over governance and risk management issues, including delaying the transfer member benefits to other funds. The additional conditions apply to IOOF Investment ...

Super fund disclosure rules finalised

ANDREW MCKEAN  |  MONDAY, 5 SEP 2022
... with a forum to ask questions about all areas of the entity's performance and operations." "The regulations ensure that RSE licensees are required to disclose an appropriate amount of information to members, while keeping compliance costs low to ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... MobiSuper in regard to the same issues, and failed to comply with Prudential Standard SPS 231 Outsourcing. Tidswell's RSE licence was cancelled in June 2021. ASIC first launched its action against Tidswell, MobiSuper and ZIB in November 2019. The ...

Not ruling anything out: Insignia Financial

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
... associated with." Elsewhere, its investor presentation showed the group will look to simplify in the coming 12 months, reducing its RSE licensees to one, funds to one, platforms to one to two and products to 20. Mota explained the business is still determining ...

Vanguard granted RSE licence

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2022
... its product before the end of the year, having been handed a registrable superannuation entity licence. APRA granted a new RSE licence to Vanguard Super Pty Ltd, the trustee of Vanguard Super, yesterday. In an update, Vanguard said: "That's our green ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
... investors, it said it will continue its simplification strategy with the aim of translating to scale. A forward target is to reduce RSE licensees to one, funds by one, platforms to one to two and products to 20. As recently announced the sale of its ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... assessment and the business performance review, to one where member outcomes considerations are embedded and integrated across an RSE licensee's business operations." APRA said the outcomes sought by licensees are not always clearly defined in an objectively ...

New guidance to improve super funds' understanding of ESG risks

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
... to ESG risk as a material investment risk to be considered at both the idiosyncratic and market-wide level". Under SPS 530, RSE licensees must manage and monitor all identified sources of investment risk and APRA said it is of the view that this includes ...

Draft changes to super disclosure rules

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... to industrial bodies. However, regulations will ensure that with the repeal of the requirements to disclose itemised lists, RSE licensees will still be required to disclose an aggregate figure for the aforementioned categories. Helping to clarify the ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
... beneficiaries cant hold a product that fails the performance test for a second consecutive year, until a future test is passed. "RSE licensees are expected to have administrative processes in place to ensure they comply with their legislative obligation ...