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Showing 541 - 550 of 562 results for "MySuper Product"

Disclosure regulations unnecessary: FIRSTSUPER

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
The superannuation disclosure debate and industry transparency was raised again yesterday after ASIC promised future guidance for super funds, meanwhile one super fund that already uses disclosure practices has called the actions "unnecessary". Peter ...

Stronger Super makes trustee role unappealing: Mercer

ELISE BURGESS  |  THURSDAY, 9 FEB 2012
... action against a trustee. For example, a member should not be able to take action merely because, in hindsight, the MySuper product's net investment performance was not as good as that of another MySuper product," Anderson said. The submission also questioned ...

APRA MySuper changes burden for industry

MELANIE TIMBRELL  |  MONDAY, 6 FEB 2012
... tender process. Under the proposed amendments, trustees would require a separate authorisation from APRA for each MySuper product offered, conceivably resulting in thousands of authorisations for each tailored product that is offered for a different ...

ASFA warns on unseen MySuper outcomes

ELISE BURGESS  |  THURSDAY, 19 JAN 2012
... clarification of the proposed new sub-section 29VN(b) which asks that super trustees of a fund that include a MySuper product conduct an annual review to ensure that the trustee is acting in the best interest of all fund members, both in and out of MySuper ...

Stronger Super draft needs clarity

ELISE BURGESS  |  TUESDAY, 17 JAN 2012
The second tranche of Stronger Super is in need of more clarity, according to AIST in its submission on the Bill, with calls for clearer terminology and the legal boundaries of trustees. Submissions are being accepted from industry participants on the ...

Round two of Stronger Super revealed

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
... for registrable superannuation entity (RSE) licensees, applying new duties to trustees of an RSE that offer a MySuper product and applying personal duties to the directors of corporate trustees in their own right. The bill deals with APRA's power to ...

MySuper Mythconceptions

ALEX DUNNIN  |  TUESDAY, 22 NOV 2011
... example, funds will be required to quarantine the member reporting for members who are invested only into their MySuper product but they will not be required to create separately constituted funds. As explained in section 3 of the MySuper Explanatory ...

MySuper legislation introduced

ELISE BURGESS  |  FRIDAY, 4 NOV 2011
... the regulator and certain rollover restrictions. Super trustees will also need to be APRA-authorised for every MySuper product. APRA will be able to accept applications for MySuper products from January 1 2013, although this does not include self-managed ...

Government publishes core elements of MySuper draft

MATT WOODINGTON  |  FRIDAY, 30 SEP 2011
... to superannuation guarantee requirements, the application and authorisation processes, the characteristics of a MySuper product and their associated fees and charging rules. More MySuper provisions will emerge in further tranches of legislation, according ...

MLC head calls for truce after laying blame at industry funds door

MATT WOODINGTON  |  THURSDAY, 22 SEP 2011
MLC & NAB Wealth group executive Steve Tucker has called for a truce between industry and retail super funds and said the time has come to "compete on substance rather than rhetoric." While largely supportive of the Government's Stronger Super reforms ...