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Showing 31 - 40 of 61 results for %22SPS%22

Colonial First State cops licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
APRA has imposed licence conditions on Colonial First State Investments Limited to ensure super members' best interests are met, effective immediately. The regulator's decision follows an investigation into matters referred to it by the Royal ...

APRA floats insurance in super change

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... interests of members. The prudential regulator has released a consultation paper on its proposed changes to Prudential Standard SPS 250 Insurance in Superannuation (SPS 250), responding directly to two of the recommendations of Royal Commissioner Kenneth ...

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... APRA deputy chair. To that end Rowell expects all super trustees "should be well progressed towards the implementation of SPS 515", APRA's prudential standard for improved member outcomes, which commences on January 1 next year. The new standard will ...

Super trustees must do better: Byres

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 and the new prudential standard SPS 515 Strategic Planning and Member Outcomes. The combination of the two will embolden APRA in its mission to "drive ...

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
... its new directions power to protect the interests of superannuation members." Separately, APRA confirmed Prudential Standard SPS 515 Strategic Planning and Member Outcomes would require all RESs to perform APRA's annual Business Performance Review ...

Renewed calls for risk-adjusted returns

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... question is whether a product is achieving its investment objectives." APRA's looming member outcomes prudential standard SPS 515, which takes effect from January 2020, expects trustees to clearly articulate and measure their performance across a ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... assessment, which is less than six months away. While consultation for prudential standard Strategic Planning and Member Outcomes (SPS 515) is underway, APRA has forewarned super funds that the proposed elements will likely remain largely unchanged and ...

Associations raise member outcomes concern

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... a disconnect between the law and APRA's expectations. APRA is busy working through submissions for Prudential Standard SPS 515 Strategic Planning and Member Outcomes, following a consultation period that ended on May 29. While Treasury Laws Amendment ...

Suncorp Super appoints new chair

ELIZABETH MCARTHUR  |  FRIDAY, 3 MAY 2019
The chair of Suncorp's superannuation business is retiring and an interim chair has been named. Jan Swinhoe, who is also chair of Mercer Superannuation, was appointed interim chair of Suncorp Portfolio Services. Her appointment follows the retirement ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... Superannuation Measures No.1) Bill 2019, APRA is amending its strategic planning and member outcomes prudential standard (SPS 515). The four-week consultation period is underway and the new standard is scheduled to commence from 1 January 2020. APRA ...