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

Search Results

Showing 31 - 40 of 112 results for "RSE licensee"

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... costs, APRA proposes to introduce the baseline component requirements," the discussion paper said. "This means that an RSE licensee will have to maintain access to a specific pool of financial resources to enable these actions to take place." Meanwhile ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... struggle to take prompt and proportionate action to respond to poor performance outcomes. Consequently, where an RSE licensee fails to identify and address barriers to transfers in a timely manner, members can be exposed to additional risks, including ...

Super fund disclosure rules finalised

ANDREW MCKEAN  |  MONDAY, 5 SEP 2022
Regulations relating to requirements for superannuation funds to disclose expenditures with the Annual Member's Meeting notice have been updated. Last month, the government published draft regulations for consultation. As previously reported by Financial ...

Not ruling anything out: Insignia Financial

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
Having attributed its strong FY22 earnings to its recent acquisitions, Insignia Financial's Renato Mota is not ruling out future M&A opportunities to add scale. "We have undertaken two large acquisitions, I think that's provided us with tremendous ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
Insignia Financial announced its underlying net profit after tax (UNPAT) has increased 59% to $234.5 million in FY22 from $147.8 million last year. The results were driven by the completion of the MLC acquisition in May as well as strong business growth ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... 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 measurable ...

New guidance to improve super funds' understanding of ESG risks

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
... nature and remain an emerging risk area for many RSE licensees, APRA intends to issue draft guidance on how a prudent RSE licensee can demonstrate it has a clear understanding of ESG risks, reflects ESG considerations in the investment strategy and manages ...

Draft changes to super disclosure rules

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
The government has released for consultation, draft regulations outlining changes to disclosure requirements for superannuation annual members' meeting notices. Minister for financial services Stephen Jones' office said: "To support members ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
... may be closed to new beneficiaries if the product fails this year's performance test." APRA added it will send RSE licensee results of the performance in a written notification prior to publication. "Publication of the outcomes of the performance ...

'No easy answer' to ESG disclosures by super fund trustees

ANDREW MCKEAN  |  THURSDAY, 21 APR 2022
In line with heightened public attention to the challenges of climate change, patterns of ESG disclosure by superannuation fund trustees have had to evolve. A Herbert Smith Freehills report claimed Australian superannuation fund members were more interested ...