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

Search Results

Showing 531 - 540 of 568 results for "MySuper product"

Shorten reins in employer involvement in default super

MELANIE TIMBRELL  |  THURSDAY, 23 AUG 2012
... last week, which moves to rule out the provision that would allow employers to select an alternative unlisted MySuper product. The Government is supporting the selection of default funds for inclusion in modern awards to be undertaken by the expert panel ...

MySuper Bill could expose individual trustees to legal action

BEN COLLINS  |  MONDAY, 13 AUG 2012
... Obligations and Prudential Standards) Bill 2012. The Bill would amend the duties of licensees and trustees that offer a MySuper product, providing more obligations and increased accountability. AIST strongly supports the intent of the legislation, but ...

Legal challenges face default super inquiry

MELANIE TIMBRELL  |  WEDNESDAY, 8 AUG 2012
... attributes," Girgis said. Under options three and four additional criteria sit over top the requirements for a MySuper product in order to be considered as a default fund in modern awards. Under option three, Fair Work Australia would apply the criteria ...

No role for FWA in choosing default funds: CSSA

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
... which would see default funds remain embedded in modern awards, but where employers could select an alternative MySuper product would be the next best option. Hall, however, expressed concern about whether the onus then placed on employers to prove employees ...

Default fund listings unnecessary: FSC

MELANIE TIMBRELL  |  TUESDAY, 31 JUL 2012
... this would be suboptimal to the FSC's preferred option. The FSC's preference is for a system where any default MySuper product would be eligible for selection under a Modern Award which, the FSC said, would remove the need for a Fair Work Australia selection ...

APRA updates MySuper FAQ guide

ALEX DUNNIN  |  THURSDAY, 12 JUL 2012
... investment strategy. Some of the more notable advice it contains is that RSE licensees can offer more than one MySuper product provided they get approval, and a single super fund can offer several MySuper products each with different diversified strategies. ...

Wins and losses in PC default super report

ALEX DUNNIN  |  FRIDAY, 29 JUN 2012
The Productivity Commission has handed down its draft report on default superannuation funds, and while its recommendations were predictable, they represent big wins and yet severe threats for both sides of the industry. The inquiry was called in 2009 ...

APRA releases draft MySuper authorisation form

MELANIE TIMBRELL  |  THURSDAY, 3 MAY 2012
... prudential standard on MySuper transition that sets out requirements for trustees moving member balances into a MySuper product is also included. The draft authorisation form covers a range of issues including investment objectives and strategy, reserving ...

APRA releases draft prudential standards

LINDA HAUSKEN  |  MONDAY, 30 APR 2012
The Australian Prudential Regulation Authority has released its proposed prudential standards, open to industry response until July 20. The regulator said it is proposing to introduce prudential standards covering topics common to other APRA-regulated ...

CGT relief paves way for super mergers

MELANIE TIMBRELL  |  TUESDAY, 24 APR 2012
... and capital losses will be provided on mandatory transfers of default members' benefits and relevant assets to a MySuper product in another complying superannuation fund. Self-managed super funds will be excluded from the relief given MySuper requirements ...