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Showing 41 - 50 of 112 results for "RSE licensee"

Funds need retirement income strategy by July

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... changes to any existing retirement income product offerings, including whether to offer products external to the RSE licensee's own products. Later this year, APRA plans to consult on how the Retirement Income Covenant can be integrated into the superannuation ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
The prudential regulator has outlined its policy and supervision priorities for 2022, saying its prime focus is rectifying sub-standard industry practices and eradicating unacceptable product performance. Released yesterday, APRA said it will continue ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
The Australian Prudential Regulation Authority (APRA) has issued a discussion paper seeking information from superannuation trustees on their plans to maintain the financial resilience needed to protect members' best financial interests. APRA's prudential ...

Unlisted asset valuation processes largely inadequate: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 27 OCT 2021
... for adjustments and no framework when it came to the alteration of valuation adjustments. Inconsistent levels of RSE licensee consideration and action for different classes of unlisted assets were also identified. It also found that often a fund's board ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... members, including sponsorship deals and advertising spends with no evidence of member benefit. Releasing its review of RSE licensee marketing expenditure, it found instances of failure to actually measure and assess the benefits of expenditure on marketing ...

APRA to mandate independent certifications

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
Prudential regulator APRA plans to go ahead with mandating independent certifications within group insurance as recommended by the financial services Royal Commission. In a letter to registrable superannuation entity licensees, APRA clarified its position ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
APRA has issued guidance on how it will administer the Your Future, Your Super performance test for lifecycle MySuper options that make changes within the option or transition to a new option. The regulator has the power to make determinations on combining ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday. The first round covers MySuper products alone. Trustee-directed products ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
The government on Friday released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... being prioritised in its decision-making, or it appears that a trustee may have failed to meet its obligations under RSE licensee law, APRA is prepared to take a range of actions to safeguard members depending upon the nature of our concerns and bearing ...