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Showing 31 - 40 of 89 results for "RSE licensees"

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

ANDREW MCKEAN  |  THURSDAY, 21 APR 2022
... responsible ESG investment principles. On super fund trustees' ESG disclosures, the report asserted: "In our experience, RSE licensees engage with the risks from climate change in multiple ways across their investment portfolios, and in their business ...

Funds need retirement income strategy by July

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... beneficiaries during the accumulation phase about potential income in retirement. "APRA and ASIC acknowledge that many RSE licensees will have a strong understanding of their members' needs already and may have already operated in the retirement income ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... unacceptable product performance. Released yesterday, APRA said it will continue to exercise its powers to ensure RSE licensees are doing right by members. Throughout the year, APRA's supervisors will target trustees identified in 2021 as having sub-standard ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... identified several issues in this space, meaning improvements need to be made. Some of the issues identified include RSE licensees not being sure of appropriate reserve target amounts and a lack of clearly articulated processes for periodic reviews or ...

Unlisted asset valuation processes largely inadequate: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 27 OCT 2021
... also found instances of chief investment officers spearheading valuation decisions. APRA said it found that, "while RSE licensees generally reacted promptly to the crisis, few had robust, pre-existing frameworks for implementing, monitoring and reverting ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... employers but couldn't demonstrate how that benefited members. "The expenditures reviewed were undertaken when RSE licensees were subject to the best interests duty. It is APRA's view that in most cases there was a basis for making the decision ...

APRA to mandate independent certifications

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... industry could fall within the definition of priority and privilege arrangements. Therefore, it is important that RSE licensees ensure that the risks that arise from such contracts are appropriately identified and managed," the letter read. The changes ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... July 2022. In the July 30 letter, APRA said ahead of undertaking the first performance test, it will write to any RSE licensees affected by the application of APRA's discretion to combine historical product performance. It will also engage with the ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... July 2022. In the July 30 letter, APRA said ahead of undertaking the first performance test, it will write to any RSE licensees affected by the application of APRA's discretion to combine historical product performance. It will also engage with the ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... that will be subjected to FAR. Currently, it is proposing life insurers with more than $4 billion in assets, and RSE licensees with more than $10 billion in assets to be subjected to the above enhanced requirements within FAR. Life insurers and RSE licensees ...