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Showing 51 - 60 of 89 results for "RSE licensees"

Concerns over rise of the mega-fund

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2019
... running the money," he said. APRA statistics show that in the 12 months to September 2019 the number of APRA-regulated RSE licensees fell from 126 to 114. "Some of the funds have actually done very well over time. So, if you have the right people it ...

APRA responds to industry concerns

ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
... prudential guidance, as necessary, if and when the SIS Regulations are released," the regulator said. "In the meantime RSE licensees should make reasonable endeavours to undertake the assessment required under section 52(9)(a) for all of their products." ...

APRA floats insurance in super change

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... interests of beneficiaries - implementing recommendation 4.14. "APRA should amend Prudential Standard SPS 250 to require RSE licensees that engage a related party to provide group life insurance, or who enter into a contract, arrangement or understanding ...

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
... will strengthen APRA's ongoing efforts to lift industry practices and drive improvements in the outcomes all RSE licensees deliver for their members," she said. SPS 515 will take effect on 1 January 2020. On August 28, APRA released a final version ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... when recovering the costs associated with implementing the PYSP reforms. "In this regard, APRA would expect that RSE licensees would recover these costs in a manner that is in accordance with its duties to members, whether that is by making changes to ...

Passing Protecting Your Super costs should be fair: APRA

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
... the changes will incur costs that need to be recovered via other avenues. "In this regard, APRA would expect that RSE licensees would recover these costs in a manner that is in accordance with its duties to members, whether that is by making changes ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... and analysing the results from the legislated outcomes assessment. "The overall substance of the requirements for RSE licensees in revised SPS 515 are unchanged, however they are expressed differently to more clearly delineate APRA's requirements from ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... derivatives held directly or through associated entities, as well as initial investments into non-associated entities. RSE licensees will be obliged to make publicly available the details of portfolio holdings twice annually after each reporting day ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... to the Superannuation Industry (Supervision) Act (SIS Act), including giving APRA a power to issue directions to RSE licensees. "It may be that, in particular circumstances, addressing a stalled merger would be an appropriate use of such a power," Commissioner ...

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... for ASIC within superannuation, Hayne said the corporate regulator's responsibility is the relationship between RSE licensees and consumers, and added ASIC should be given power to enforce all provisions in the SIS Act which are or will become civil ...