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Showing 891 - 900 of 1255 results for "Prudential"

FSC makes move on fund governance

ELISE BURGESS  |  WEDNESDAY, 7 MAR 2012
... with which should be announced and implemented by July 1 to coincide with the commencement of MySuper and APRA's new prudential standards for superannuation funds. FSC superannuation member companies include BT Financial Group, Colonial First State Investments ...

Super contributions break through $1 trillion

ALEX DUNNIN  |  THURSDAY, 1 MAR 2012
... contributed into superannuation funds while the proportion of benefits paid as lump sums has plummeted. The Australian Prudential Regulation Authority has just released its Annual Superannuation Bulletin for the financial year to 30 June 2011 and it ...

Stonger Super second tranche amendments released

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
... to the directors of corporate trustees in their own right. It also provides details of the power for APRA to issue prudential standards in relation to superannuation. Treasury has also released an explanatory memorandum explaining how the reforms will ...

Stronger Super makes trustee role unappealing: Mercer

ELISE BURGESS  |  THURSDAY, 9 FEB 2012
... Federal Treasury. In responding to the Exposure Draft: Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012, Mercer said in its submission that the very rules created to raise the bar of superannuation fund governance ...

APRA MySuper changes burden for industry

MELANIE TIMBRELL  |  MONDAY, 6 FEB 2012
The proposed level of involvement by the Australian Prudential Regulation Authority in commercial arrangements between super funds and employers under the new draft MySuper Bill is unnecessary and inefficient, according to retail bodies. Submissions ...

Pressure on yields continues

MELANIE TIMBRELL  |  FRIDAY, 20 JAN 2012
... having to buy and their demand is now greater than supply." Changes to liquidity requirements imposed by the Australian Prudential Regulation Authority (APRA) on banks have led to a commonwealth and state-debt buying spree. "With US treasuries, UK gilts ...

ASFA warns on unseen MySuper outcomes

ELISE BURGESS  |  THURSDAY, 19 JAN 2012
... to the Federal Treasury regarding the Exposure Draft - Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012 (Bill), the Association of Superannuation Funds of Australia (ASFA) said that while it supports the Bill ...

MySuper regulations fundamentally flawed

MELANIE TIMBRELL  |  TUESDAY, 17 JAN 2012
... classes. The criticism for the proposed regulations surfaced as part of Aon's response to APRA's discussion paper on prudential standards for superannuation providers released in September. The concern on fee levels under MySuper was echoed by the Corporate ...

Stronger Super draft needs clarity

ELISE BURGESS  |  TUESDAY, 17 JAN 2012
... are being accepted from industry participants on the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012, the second tranche of the Stronger Super reforms, with the Australian Institute of Superannuation Trustees ...

Round two of Stronger Super revealed

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
... personal duties to the directors of corporate trustees in their own right. The bill deals with APRA's power to issue prudential standards in relation to superannuation, as well as governance for SMSFs. Details to note include that Trustees must carry ...