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Showing 591 - 600 of 3320 results for "Trustees"

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
APRA has released updated guidance on investment governance for superannuation trustees. The update, which comes into effect in January of next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential ...

Super is enabling private market democratisation: PGIM

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... as p reviously reported by Financial Standard, APRA has released updated guidance on investment governance for super trustees. The new draft prudential guidelines lay out new requirements for liquidity management, stress testing and valuations practi ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... assets beyond those subject to the loan. "If the leveraged asset does not produce sufficient returns to service the loan, trustees are more likely to sell other assets of the fund or make additional voluntary contributions to repay a lender rather than ...

YFYS manipulation leaves members worse off: ISA

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... categories with lower returning benchmark indices," ISA said. "While there was in some instances a legitimate case for trustees to reallocate assets in the 'other' category to better reflect the underlying assets, there were surprising differences in ...

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... the existing Prudential Standard SPS 114 Operational Risk Financial Requirement (SPS 114) with enhanced obligations for trustees, to improve how they manage financial resources to protect fund members from poor operational risk event outcomes. At the ...

Chalmers gives Equity Trustees green light on AET

CHLOE WALKER  |  TUESDAY, 15 NOV 2022
After months of waiting, Equity Trustees has received ministerial approval to officially acquire Insignia Financial's Australian Executor Trustees (AET). Approval by treasurer Jim Chalmers was a condition precedent to completion of the $135 million ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
APRA has released a discussion paper that outlines proposals to ensure trustees prepare for, manage, and execute successor fund transfers more smoothly, and efficiently. APRA's proposals have been prompted by heightened transfer activity in the industry ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
... benefits to other funds in a timely manner and a breach by OnePath Custodians of a previous APRA direction. "The Insignia Trustees make up the largest retail superannuation fund in Australia. As such, APRA expects a high standard of governance and risk ...

Nowhere has there been more change than super: Byres

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... it's been the increased transparency forced upon the industry. "Given the weak accountability that most superannuation trustees are subject to by virtue of their ownership structure and limited member engagement, corporate interest and self-interest ...

Hejaz launches Sharia-compliant ETFs

CHLOE WALKER  |  MONDAY, 17 OCT 2022
... and their failure to meet financial thresholds relating to debt, liquidity, and income. The group has appointed Equity Trustees as RE for both of the funds. Hejaz chief operating officer Muzzammil Dhedhy said: "While Islamic ETF products are widely available ...