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Showing 41 - 50 of 89 results for "RSE licensees"

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... concerned that, in some cases, the pricing on which tenders are being won by insurers, whilst initially attractive to RSE licensees, may prove to be unsustainable, and therefore likely to lead to significant increases in premiums at the end of premium ...

RSE trustee board composition evolving

KANIKA SOOD  |  MONDAY, 1 FEB 2021
In the last six years, independent directors have gone from holding 5.2% of the total board positions at RSE licensees to 10.7% of them as at June 2020, says new APRA data. The total directorships at responsible superannuation entity licensees shrunk ...

Regulators alert trustees of new obligations

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... in completing their first BPR. The DDO will commence on 5 October 2021 but significant preparation is needed by RSE licensees ahead of this date, Press warned. These obligations apply to trustees' choice product offerings and how they are designed ...

APRA advises funds to review ownership structures

ELIZA BAVIN  |  FRIDAY, 16 OCT 2020
... obligations under the controlling stake requirements. APRA said after undertaking a review of the implementation by RSE licensees its focus has been on the interaction of the ownership definitions that relate to a "stake" and ensuring a person applies ...

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... of the coronavirus and the government's early release scheme on superannuation licensees. "APRA understands that RSE licensees have been under considerable pressure during the COVID-19 pandemic, however APRA considers that the data in the PDC is essential ...

APRA to track ERS payment times

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... collection form each week until further notice. "The ERI reporting form will gather a range of information from RSE licensees, including the number and value of early release benefits paid to superannuation members and the processing times of those payments," ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... arise." Bragg put the regulator on notice to answer how it monitors and assesses the liquidity management plans of RSE licensees. APRA will also need to explain the how it monitors stress-testing compliance as well as the regulators scenarios for stress ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... trustees understand their ongoing responsibilities. APRA said in dealing with payments to members under the ERS scheme RSE licensees are expected to make payments within five business days of the ATO confirming the members determination for release. ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... have engaged in misconduct that breached the Corporations and SIS Acts. APRA said it had identified "several other" RSE licensees that may have charged fees to the accounts of deceased members, and added it's inquires in those matters were ongoing ...

IOOF, ANZ transaction gets green light

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
... "APRA has concluded it has no reason to believe that, because of IOOF's controlling stake in OnePath or Oasis, the RSE licensees may be unable to satisfy one or more of the trustee's obligations contained in a covenant set out in the [Superannuation ...