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Showing 81 - 90 of 112 results for "RSE licensee"

APRA unveils proposed RSE reform package

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2017
APRA has announced a raft of proposed changes that will ensure registrable superannuation entities are ultimately delivering the best outcomes for members. The regulator said it is ramping up its scrutiny of the performance and efficiency of RSE's business ...

Super needs greater oversight from APRA: Poll

KARREN VERGARA  |  MONDAY, 30 OCT 2017
APRA should have greater powers to control and intervene in the superannuation industry, the latest spot poll results shows. More than half (58%) of respondents said APRA should have increased powers to improve board governance and risk management practices ...

APRA issues warning to underperforming super funds

EMMA RAPAPORT  |  FRIDAY, 1 SEP 2017
... RSE is unlikely to be able to continue to operate in the best interests of its members, APRA expects the relevant RSE licensee to act to ensure timely and well-managed transfer of members to another suitable product a or RSE, either within the RSE licensee's ...

APRA puts super funds on notice

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
The Australian Prudential Regulation Authority will consult on a raft of proposed changes to the superannuation prudential framework, in an effort to lift operation governance practices of regulated superannuation trustees. The proposals were outlined ...

APRA cuts red tape on superannuation transfers

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... legislation requires a transfer "test" to be conducted at the individual level, "APRA considers that it would be open to an RSE licensee to consider equivalent rights based on groups of members with common rights." "Revised SPG 227 clarifies that, in ...

ASIC calls time on super disclosure exemption

ALEX BURKE  |  FRIDAY, 20 JAN 2017
In preparation for the July 1 deadline, ASIC notified Australian super fund trustees that employer subplans will no longer be exempt from disclosure requirements. Under the current arrangements, employer subplans within super funds, which allow corporates ...

Insurance in super must be maintained: AIA

JAMIE WILLIAMSON  |  WEDNESDAY, 21 DEC 2016
... ensure group insurance remains available to all Australians, including a Code of Practice to heighten super fund and RSE licensee responsibilities. ISWG will release discussion papers on strategies to improve consumer outcomes in group insurance in superannuation ...

Super fund disclosure gets extension

DARREN SNYDER  |  THURSDAY, 5 MAY 2016
Superannuation funds have been given an extra year to bring themselves up to speed with proposed portfolio holdings disclosure and choice product dashboard requirements. The Australian Securities and Investments Commission (ASIC) said the new start ...

ASFA concerned about board governance timeline

DARREN SNYDER  |  TUESDAY, 4 AUG 2015
... require at least one independent director to be appointed to the BAC and BRC, beyond this, it should be up to each RSE licensee to decide how best to structure their committees," Vamos said. "We do not support the requirement that the chair of the BAC ...

Super industry views sought on data collection

DARREN SNYDER  |  TUESDAY, 7 APR 2015
Industry representatives are encouraged to comment on changes to new superannuation reporting requirements proposed for the Australian Bureau of Statistics. The Australian Prudential Regulation Authority (APRA) published a recent ABS letter regarding ...