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Showing 51 - 60 of 224 results for "RSE"

APRA to mandate independent certifications

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... across the industry could fall within the definition of priority and privilege arrangements. Therefore, it is important that RSE licensees ensure that the risks that arise from such contracts are appropriately identified and managed," the letter read. ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... test from July 2022. In the July 30 letter, APRA said ahead of undertaking the first performance test, it will write to any RSE licensees affected by the application of APRA's discretion to combine historical product performance. It will also engage ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... test from July 2022. In the July 30 letter, APRA said ahead of undertaking the first performance test, it will write to any RSE licensees affected by the application of APRA's discretion to combine historical product performance. It will also engage ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
Tidswell has surrendered its RSE licence to APRA, as it agrees to ASIC's allegations it contravened the Corporations Act in its work for startup super fund MobiSuper. In N ovember 2019, ASIC filed a case against MobiSuper, Andrew Richard Grover ...

Institutional Shareholder Services to acquire Rainmaker Information

MICHELLE BALTAZAR  |  THURSDAY, 22 JUL 2021
... offerings and provide material value to our clients," said Ben Doob, head of ISS MI. ISS is majority-owned by Deutsche Börse Group, along with Genstar Capital and ISS management. It has 2200 employees worldwide across more than 30 global offices in ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... entities that will be subjected to FAR. Currently, it is proposing life insurers with more than $4 billion in assets, and RSE licensees with more than $10 billion in assets to be subjected to the above enhanced requirements within FAR. Life insurers ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... the Superannuation Industry (Supervision) Act 1993, APRA must approve any changes to the holder of a controlling stake in an RSE license. IOOF agreed to buy MLC Wealth for $1.44 billion last year, with NAB saying the sale was in line with its strategic ...

APRA gains traction on superannuation data project

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
... allocation classifications. The 10 new reporting standards cover the structure and profile of registrable superannuation entities (RSE), performance, member demographics, expense management, asset allocation, insurance arrangements, and fees and costs. ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... interests are 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 ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... "APRA is 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 ...