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Showing 61 - 70 of 112 results for "RSE licensee"

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
The prudential regulator has hit Colonial First State's Avanteos Investments with additional licence conditions for charging fees to thousands of dead superannuation members. The firm, which holds a Registrable Superannuation Entity license, charged ...

IOOF, ANZ transaction gets green light

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
... December 2018. APRA said noteworthy steps taken by IOOF include appointing a majority of independent directors to its RSE licensee boards, moving to legally separate its duel regulated entities and implementing a dedicated business function to support ...

Concerns over rise of the mega-fund

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2019
Mega-funds are on the rise and as further super fund mergers are expected to continue into 2020, the question of capacity needs to be addressed, according to SG Hiscock managing director Stephen Hiscock. "In terms of the mega-funds, we have seen a lot ...

APRA responds to industry concerns

ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
... clarity on the application of the outcomes assessment to choice products, and some challenged APRA's view that an RSE licensee is unable to undertake the comparative component of the outcomes assessment in the absence of Superannuation Industry (Supervision) ...

APRA floats insurance in super change

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
APRA has floated proposed revisions to prudential standards covering insurance in super, including requiring independent verification of insurance arrangements to ensure they are in the best interests of members. The prudential regulator has released ...

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
The prudential regulator confirmed a "traffic light" system aimed at weeding out underperforming superannuation funds is currently in the works. Deputy chair Helen Rowell flagged APRA is developing a heat map based on four key areas -investment returns ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... discretion to apply the 12-month outcomes assessment period either to the calendar or financial year, income year for the RSE licensee or any other 12 month period. The FY20 financial year is likely to be the appropriate first period for the majority ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
ASIC is reminding superannuation funds to update product disclosure statements to disclose exit fees will no longer be charged under the 1 July 2019 changes. ASIC has amended Class Order 14/1252 to align with the Treasury Laws Amendment (Protecting ...

Passing Protecting Your Super costs should be fair: APRA

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
APRA expects superannuation funds to do the right thing by members when recovering the costs associated with implementing the Protecting Your Super reforms. The prudential regulator recently updated its Frequently Asked Questions page, urging trustees ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
APRA has revised its member outcomes framework to complement the new Bill that passed in April and is now seeking consultation. Following the passage of Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures ...