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Showing 31 - 40 of 196 results for %22Superannuation Industry Regulations%22

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... processed as quickly as possible and the majority are processed within three days. We understand that some self-managed superannuation funds are still in the process of transitioning to SuperStream, and therefore not all requests come to Rest via this ...

Australian corporate bond overhaul

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... through the growth of the corporate bond market. Investigate options to remove barriers inhibiting the investment of superannuation in the Australian corporate bond market. All the recommendations from the committee, chaired by MP Jason Falinski, are ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... date to 30 September 2022 for advisers who have attempted the exam twice prior to 1 January 2022. The minister for superannuation, financial services and the digital economy Jane Hume thanked the FASEA board and its staff for the work they have undertaken ...

APRA leaves door open for benchmark tweaks

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
APRA general manager superannuation Katrina Ellis says the regulator is open to finding better benchmarks, especially for unlisted assets, in both its heatmaps and Your Future, Your Super performance test. Speaking at AIST's annual investment conference ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... mergers, the continuing MySuper product's performance will be used for the test. Earlier this month, APRA told superannuation funds to expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms. ...

Benchmarks for super property investments selected

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
... unless they turn performance around. But the methodology that will be used to determine this has been scrutinised by the industry. In final YFYS regulations released last week, the government now wants super fund to be only tested on last year's ...

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... may not be subject to the APRA performance test, ISA said. ISA's views contrast with those of Association of Superannuation Funds of Australia chief executive Martin Fahy, who said the changes will drive down fees for members. "ASFA is pleased that ...

Government releases final YFYS regulations

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
... the product over the most recent financial year, benchmarked against peers," the government said. Association of Superannuation Funds of Australia chief executive Martin Fahy said the changes will drive down fees for members. "ASFA is pleased that the ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... disciplinary body and giving ASIC greater powers over the industry are closer to becoming law. The minister for superannuation, financial services and the digital economy Jane Hume introduced The Financial Sector Reform (Hayne Royal Commission Response ...

AFA defends industry against Labor attack

KARREN VERGARA  |  MONDAY, 21 JUN 2021
... cabinet secretary Jenny McAllister's comments on June 17 in debating the Treasury Laws Amendment (Self-Managed Superannuation Funds) Bill 2020 that is proposing the maximum number of SMSF members is increased from four to six. McAllister said that ...