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Showing 61 - 70 of 89 results for "RSE licensees"

APRA unveils new prudential measures

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... superannuation member outcomes that will take effect from 1 January 2020. Among the initiatives, the regulator will require RSE licensees of MySuper and choice products to assess, annually benchmark and evaluate their performance in delivering sound ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... of proposed APRA directions powers to assist in the regulator's ability to resolve issues in a timely manner with RSE licensees that consistently underperform, in addition to the regulator's proposed outcomes assessment, which it said will seek "to enable ...

Cash is cash, APRA tells super funds

KANIKA SOOD  |  MONDAY, 2 JUL 2018
... characteristics necessary to be considered as cash or cash equivalent," the regulator said in a letter addressed to all RSE licensees. APRA's definition of cash identifies it as: cash on hand, demand deposits and cash equivalents that represent short ...

APRA tells super funds to improve conflict of interest management

HARRISON WORLEY  |  WEDNESDAY, 30 MAY 2018
... commercial relationships between related parties and some licensees. Overall, APRA found room for improvement in the way RSE licensees handle related party arrangements, despite citing improvements since the regulator's 2014 conflict of interest thematic ...

Executive pay structure still fuels risk-taking: APRA

KANIKA SOOD  |  WEDNESDAY, 4 APR 2018
... remunerate senior executives in a way that encourages risk-taking and undermines long-term financial health - but RSE licensees may be doing a better job than their peers, APRA said today. The findings follow a seven-month review APRA undertook last ...

APRA unveils proposed RSE reform package

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2017
... cost bases and remain competitive," APRA said. In the second phase of its consultation process, APRA is proposing RSE licensees to review and if necessary, improve strategic and business planning practices, decision-making and oversight of fund expenditure. ...

Super needs greater oversight from APRA: Poll

KARREN VERGARA  |  MONDAY, 30 OCT 2017
... processes to ensure their funds deliver high quality, value-for-money outcomes for members over the medium to long term. RSE licensees need to be aware of, and proactively respond to, challenges and ensure their funds remain 'fit for purpose' - this ...

APRA issues warning to underperforming super funds

EMMA RAPAPORT  |  FRIDAY, 1 SEP 2017
... ahead with its aim to remove the superannuation industry of underperforming funds, penning a warning letter to all RSE licensees to shape up or ship out. In the letter APRA deputy chair Helen Rowell signalled it will no longer be acceptable for funds ...

APRA puts super funds on notice

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... operation governance practices of regulated superannuation trustees. The proposals were outlined in a letter sent to RSE licensees on Friday, and will see fund expenditure, setting of fees and costs, and the use of reserves come under more scrutiny. ...

ASIC calls time on super disclosure exemption

ALEX BURKE  |  FRIDAY, 20 JAN 2017
... information solely because it relates to a subplan." The regulator said the changes were necessary to "increase RSE licensees and RSEs' transparency and accountability to the wider market (for example, via gatekeepers such as analysts, advisers and journalists) ...