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Showing 51 - 60 of 79 results for "SPS"

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... APRA deputy chair. To that end Rowell expects all super trustees "should be well progressed towards the implementation of SPS 515", APRA's prudential standard for improved member outcomes, which commences on January 1 next year. The new standard will ...

Super trustees must do better: Byres

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 and the new prudential standard SPS 515 Strategic Planning and Member Outcomes. The combination of the two will embolden APRA in its mission to "drive ...

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
... its new directions power to protect the interests of superannuation members." Separately, APRA confirmed Prudential Standard SPS 515 Strategic Planning and Member Outcomes would require all RESs to perform APRA's annual Business Performance Review ...

Renewed calls for risk-adjusted returns

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... question is whether a product is achieving its investment objectives." APRA's looming member outcomes prudential standard SPS 515, which takes effect from January 2020, expects trustees to clearly articulate and measure their performance across a ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... assessment, which is less than six months away. While consultation for prudential standard Strategic Planning and Member Outcomes (SPS 515) is underway, APRA has forewarned super funds that the proposed elements will likely remain largely unchanged and ...

Associations raise member outcomes concern

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... a disconnect between the law and APRA's expectations. APRA is busy working through submissions for Prudential Standard SPS 515 Strategic Planning and Member Outcomes, following a consultation period that ended on May 29. While Treasury Laws Amendment ...

Suncorp Super appoints new chair

ELIZABETH MCARTHUR  |  FRIDAY, 3 MAY 2019
The chair of Suncorp's superannuation business is retiring and an interim chair has been named. Jan Swinhoe, who is also chair of Mercer Superannuation, was appointed interim chair of Suncorp Portfolio Services. Her appointment follows the retirement ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... Superannuation Measures No.1) Bill 2019, APRA is amending its strategic planning and member outcomes prudential standard (SPS 515). The four-week consultation period is underway and the new standard is scheduled to commence from 1 January 2020. APRA ...

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... are meeting objectives. Over the five years, RSEs have improved the management and design of their insurance arrangements (SPS 250), but still fall short in several areas. While practices relating to insurance strategy, design and selection of insurers ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... 2020, funds will be required to undertake an annual member outcomes assessment under the recently released Prudential Standard SPS 515. This is based on: net investment returns, fees and operating costs, cost of insurance, net cash flows, outflow ratios ...