Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 881 - 890 of 1255 results for "Prudential"

APRA empowered to chase rogue superfund directors

BEN COLLINS  |  THURSDAY, 24 MAY 2012
The Lower House of Parliament has passed legislation that will give the Australian Prudential Regulation Authority greater powers to pursue "rogue superfund directors". The Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) ...

APRA releases draft MySuper authorisation form

MELANIE TIMBRELL  |  THURSDAY, 3 MAY 2012
... paper for consultation covering arrangements to authorise MySuper products, including a draft application form. A draft prudential standard on MySuper transition that sets out requirements for trustees moving member balances into a MySuper product is ...

APRA releases draft prudential standards

LINDA HAUSKEN  |  MONDAY, 30 APR 2012
The Australian Prudential Regulation Authority has released its proposed prudential standards, open to industry response until July 20. The regulator said it is proposing to introduce prudential standards covering topics common to other APRA-regulated ...

Professional Associations Super targets investment risk

MELANIE TIMBRELL  |  THURSDAY, 29 MAR 2012
... fund is aiming to improve investment outcomes in addition to ensuring the fund is ready for APRA's introduction of prudential standards in 2013. "These improvements to our investment risk framework build on the foundations we've put in place over the ...

Funds remain unconvinced on lifecycle MySuper product

MELANIE TIMBRELL  |  THURSDAY, 22 MAR 2012
... creating a separate MySuper product distinct from what is currently available. Ross Jones, deputy chair of the Australian Prudential Regulation Authority this week called on funds to engage in consultation with the regulator early to ensure products ...

ASIC calls for detailed disclosure on holdings of super funds

MELANIE TIMBRELL  |  TUESDAY, 20 MAR 2012
ASIC Chair Greg Medcraft has called on all super funds to provide detailed breakdowns of asset allocation in member statements, saying simply reporting major holdings leaves room for cynicism. The rise of the self-managed super fund (SMSF) does not ...

Xenophon targets super funds for greater transparency

MELANIE TIMBRELL  |  WEDNESDAY, 14 MAR 2012
... of debate on standards of superannuation governance released by the Financial Services Council ahead of APRA's new prudential standards for superannuation funds. Senator Xenophon's draft legislation is expected within the next month, with consultation ...

APRA calls for risk-consistent exec pay

MELANIE TIMBRELL  |  MONDAY, 12 MAR 2012
... policies that encouraged risky behaviour were identified as a practice too common in the lead-up to the GFC by Australian Prudential Regulation Authority (APRA) general manager David Lewis, who says the regulator is unconcerned by the volume of executive ...

Super funds call key challenges

MELANIE TIMBRELL  |  FRIDAY, 9 MAR 2012
... objectives, risk and value to members," said Anne Ward, chair of Qantas Super and CIE. "With its new powers to set prudential standards, APRA's role will be to rigorously enforce a focus on quality and to ensure the financial promise funds make to their ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  WEDNESDAY, 7 MAR 2012
... board from June 2005 to February 2007. Godfrey is the first person whose enforceable undertaking was accepted by the prudential regulator that left Trio before it collapsed in 2009. Godfrey, 68, has undertaken not to act as a trustee or as a responsible ...