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Search ResultsShowing 1 - 10 of 100+ results for "APRA"
Industry, APRA mull super merger costs
JAMIE WILLIAMSON  |  THURSDAY, 17 SEP 2020
... wiped out overnight. As such, Nance confirmed that some industry participants are currently discussing alternatives with APRA. "A few of us are talking to APRA about finding a lower cost option, particularly for smaller funds to move into larger ones," ...
APRA, ACCC sign new MoU
ALLY SELBY  |  TUESDAY, 15 SEP 2020
... authorisation on anti-competitive arrangements. The new MoU has also been written in simpler language to increase transparency. APRA chair Wayne Byres said the new MoU solidifies the regulators' relationship, as they work towards supporting a "safe ...
Super fund overhauls performance on red rating
KARREN VERGARA  |  TUESDAY, 15 SEP 2020
After underperforming its peers and receiving a red rating from the regulator, an $11 billion superannuation fund is turning its performance around. Mine Super initiated several strategic investment changes to its MySuper products, which are now delivering ...
Legalsuper appoints executive, increases premiums
JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... Members Interests First legislative changes. The fund also cites the Early Release of Superannuation scheme as a driver, with APRA stats out today showing legalsuper has paid about $50 million out under the scheme through 5862 applications - almost half ...
ERS applications flat line
ELIZA BAVIN  |  MONDAY, 14 SEP 2020
There appears to be an end in sight for the withdrawal of Australian's retirement savings, with the latest APRA figures showing the amount of applications has flat lined at around three million. Over the week to September 6, only 49,000 applications ...
ERS sees Cbus members forfeit TPD cover
ANNABELLE DICKSON  |  FRIDAY, 11 SEP 2020
... typically with one third of the average superannuation retirement balance of the so called average superannuation member per the APRA statistics," Arter said. "That member is more than twice as likely to still have a mortgage compared to the general ...
Majority of ERS applications double dippers
ELIZA BAVIN  |  MONDAY, 7 SEP 2020
... made through the government's Early Release of Super (ERS) scheme have been double dippers, according to the most recent APRA data. In the period from the scheme's inception until end of financial year, 2.54 million applications were received. In the ...
Super fund expands investment exclusions
ELIZA BAVIN  |  FRIDAY, 4 SEP 2020
... growth and defensive classification in the asset classes of property and infrastructure has been updated to align with the APRA Information Paper Heatmap - MySuper products"released in November 2019 Finally, from 1 October 2020, information about HESTA's ...
Vanguard fund drops "cash plus" name
KANIKA SOOD  |  THURSDAY, 3 SEP 2020
... ASIC's action stemmed from APRA's scrutiny of "cash plus" options in superannuation funds in a June, 2018 review. APRA at the time clarified asset-backed and mortgage-backed securities, commercial bonds, credit default swaps and hybrid debt instruments ...
APRA reviews priorities in super
KARREN VERGARA  |  TUESDAY, 1 SEP 2020
Unlisted asset valuations, early release of superannuation and heatmaps are some of the key areas APRA will prioritise over the next 12-18 months. COVID-19 has forced APRA to reassess the urgency of a number of key initiatives affecting superannuation ...
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