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Showing 51 - 60 of 112 results for "RSE licensee"

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
The prudential regulator has lambasted the group insurance sector for several practices it deems disagreeable, casting doubt over the future viability of insurance provided via superannuation. APRA recently wrote to superannuation funds and life insurers ...

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 ...

APRA delays insurance in super guidance

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... industry. The guidance, Prudential Standard SPS 250 Insurance in Superannuation, seeks to establish requirements for an RSE licensee with respect to making insurance benefits available to beneficiaries. Feedback from the November 2019 consultation, which ...

Regulators alert trustees of new obligations

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
The financial services and superannuation regulators have expressed their expectations to trustees on the new member outcomes, and product design and distribution obligations. In a letter to trustees co-signed by APRA deputy chair Helen Rowell and ASIC ...

APRA advises funds to review ownership structures

ELIZA BAVIN  |  FRIDAY, 16 OCT 2020
... application of these requirements to their particular circumstances," APRA said. "For example, APRA is aware that some RSE licensee directors hold shares in an RSE licensee. Where this is the case, it may be that the appointment of a new director or ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... than they could reasonably be expected to provide an annual review to. The conduct occurred when StatePlus was the RSE licensee for StatePlus Fixed Term Pension Plan and the StatePlus Retirement Fund. As at 30 June 2017, the two funds had a combined ...

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
The prudential regulator will request additional data from the country's super funds, in a bid to understand the full impact of the COVID-19 pandemic on the industry. The COVID-19 Pandemic Data Collection (PDC) will enable the regulator to conduct an ...

APRA to track ERS payment times

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... circumstances, APRA acknowledged that the process for making a payment may take longer, however still expects the RSE licensee to make payments as "expeditiously as possible".

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
The prudential regulator has been questioned over super fund liquidity concerns by the Senate Economics Committee. Senator Andrew Bragg issued a letter to APRA putting the regulator on notice to answer a number of questions related to super funds. "I ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... circumstances, APRA acknowledged that the process for making a payment may take longer, however still expects the RSE licensee to make payments as "expeditiously as possible". The regulator acknowledged that while the process for determining and paying ...