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Showing 31 - 40 of 51 results for "RSEs"

IOOF appoints independent reviewer

DARREN SNYDER  |  TUESDAY, 1 JAN 2019
... 31 December 2019. The wealth manager will also appoint an independent expert to analyse the possible consolidation of its RSEs. In an ASX statement released on 21 December 2018, IOOF said it already holds separate board meetings to consider the interests ...

APRA unveils new prudential measures

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... also made amendments to Prudential Standard SPS 220 Risk Management. Under Prudential Practice Guide SPG 515, APRA requires RSEs to meet strengthened requirements for strategic and business planning, including management and oversight of fund expenditure ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... exclusions should be prescribed for group life policies offered to MySuper members. As seen in the AMP case study, should RSEs be obliged to ensure that their members are defaulted to statistically appropriate rates for insurance required to be offered ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... courts because proceedings take too long, she said. When counsel assisting Michael Hodge asked if APRA had concerns if retail RSEs acted in their own self-interest regarding transfers to MySuper, Rowell said it was not a matter APRA "specifically focused ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... merged fund had about $70 billion in funds under management. Prior to this, it had three registrable superannuation entities (RSEs): NULIS, PFS Nominees and MLC Nominees. Post-consolidation, NULIS became the sole trustee of all the super funds. Then-executive ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... thematic review findings relating to board composition, appointments and assessments of board performance. In May, APRA urged RSEs to reconsider whether board members contain the requisite mix of skills and capabilities to fulfil their role. The regulator ...

Cash is cash, APRA tells super funds

KANIKA SOOD  |  MONDAY, 2 JUL 2018
... invest in non-cash assets but the regulator observed "no material exposures". The regulator will follow up with specific RSEs identified in the review. Going forward, it will also monitor RSE's cash investment options on an ongoing basis. "APRA expects ...

APRA urges super funds to examine board skills

HARRISON WORLEY  |  FRIDAY, 18 MAY 2018
... requisite mix of skills and capabilities to fulfil their role. The regulator sent all registrable superannuation entities (RSEs) a letter this week outlining the findings of its thematic review into super fund board governance practices. APRA said the ...

Executive pay structure still fuels risk-taking: APRA

KANIKA SOOD  |  WEDNESDAY, 4 APR 2018
... institutions. Buy-outs, sign-on payments and guaranteed bonuses in the superannuation industry were also less frequently observed in RSEs. However, the number of RSE's analysed was small and any conclusions must be drawn with caution, APRA said. "If ...

APRA unveils proposed RSE reform package

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2017
... linkage to clearly stated business initiatives," the discussion paper said. New business planning requirements would see RSEs provide detailed metrics and strategic planning documents to show the resilience of operations. It would also mean greater expense ...