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Showing 941 - 950 of 1615 results for "Prudent"

FSC slams 'closed shop' super awards rules

JAMES FERNYHOUGH  |  TUESDAY, 11 FEB 2014
The Financial Services Council (FSC) has urged the government to take superannuation out of modern awards, arguing that the Fair Work Commission (FWC) has no role in determining which funds can be default employer funds. Under the current system, super ...

ISA pushes for full transparency

JAMES FERNYHOUGH  |  MONDAY, 3 FEB 2014
Super funds have an obligation to be fully transparent with regard to their fees, costs and asset allocation, according to Industry Super Australia (ISA) chief executive David Whiteley. In a submission to the Australian Prudential Regulation Authority ...

Government must recycle brownfield infra: FSC

JAMES FERNYHOUGH  |  TUESDAY, 28 JAN 2014
The Financial Services Council (FSC) has urged federal and state governments to adopt the capital recycling model for infrastructure development to attract superannuation investment. In its submission to the Productivity Commission's Public Infrastructure ...

Men continue to dominate super fund boards

JAMES FERNYHOUGH  |  WEDNESDAY, 15 JAN 2014
Men still heavily dominate the boards of superannuation funds, with just one fifth of trustee positions being held by women, according to statistics released by the Australian Prudential Regulation Authority (APRA). The APRA statistics reveal that the ...

FSC questions pertinence of APRA super stats

JAMES FERNYHOUGH  |  MONDAY, 13 JAN 2014
The Financial Services Council (FSC) has questioned the pertinence of figures released by the Australian Prudential Regulation Authority (APRA) last week that show the investment returns of not-for-profit superannuation consistently outperforming those ...

APRA issues warning on group risk

ALEX DUNNIN  |  MONDAY, 13 JAN 2014
Insurance regulator the Australian Prudential Regulation Authority (APRA) has issued a warning that while the overall life insurance is in reasonable financial shape, sustained pressure on the group risk sector is becoming a strategic threat that insurers ...

SPAA defends status quo on SMSF regulation

JAMES FERNYHOUGH  |  TUESDAY, 10 DEC 2013
The self-managed superannuation super (SMSF) sector is not being poorly regulated, according to SMSF Professionals' Association of Australia (SPAA) chief executive Andrea Slattery. Slattery's comments came in response to a recent survey in which around ...

APRA issues draft group insurance PPG

ALEX DUNNIN  |  TUESDAY, 10 DEC 2013
APRA has written to life insurance chief executives announcing a new draft Prudential Practice Guide (PPG) for how they should handle operational and business issues and risks surrounding group insurance sold to super funds. The regulator said the PPG ...

QMV to release APRA reporting standards solution

JAMES FERNYHOUGH  |  MONDAY, 9 DEC 2013
Superannuation software developer and consultant QMV Super Solutions is set to release its own software solution to the Australian Prudential Regulation Authority (APRA) reporting standards, QMV chief executive Brad Goodall has said. The release of ...

APRA releases final SuperStream reporting standards

JAMES FERNYHOUGH  |  THURSDAY, 5 DEC 2013
The Australian Prudential Regulation Authority (APRA) has released the final version of its Reporting Standards SRS 711.0 for SuperStream Benchmarking Measures, relating to the rollover and contribution transactions of super funds. In a letter sent ...