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Showing 1 - 10 of 100+ results for "APRA"

TWUSUPER cans merger plans

JAMIE WILLIAMSON  |  THURSDAY, 14 OCT 2021
... viability of the merger has been in question for some weeks as EISS Super battles media scrutiny following its failure of the APRA performance test in August. In recent weeks, EISS Super has been accused of partaking in dodgy sponsorship deals, frivolous ...

GROW Inc ramps up cybersecurity

KARREN VERGARA  |  WEDNESDAY, 13 OCT 2021
GROW Inc has partnered with cloud security and cybersecurity firms to improve the protections around its superannuation business. Tracer Cloud and GROW Inc worked together to implement Fortinet's cybersecurity solution on Amazon Web Services' ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
After a period of media scrutiny following its failure of the inaugural APRA performance test, EISS Super has faced a parliamentary committee, facing tough questions over the test result and its sponsorship deals. Liberal MP Jason Falinski led the questioning ...

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... transition period has six focus areas including data quality, continuing to improve risk culture and remuneration. In 2017, APRA announced an independent inquiry into governance, culture and accountability frameworks, including a consideration of the ...

Super funds extend poor disclosure to ESG holdings

KARREN VERGARA  |  MONDAY, 11 OCT 2021
... the highest in the world after analysing 57 ESG-labelled super funds that collectively oversee $1.6 trillion or 71% of the APRA-regulated sector. "To be an ESG super fund is not as simple as just divesting away from companies in the fossil fuel sector ...

OnePath tops Fat Cat super fund list

KARREN VERGARA  |  FRIDAY, 8 OCT 2021
OnePath has toppled AMP to become the worst-performing superannuation fund based on Stockspot's annual ranking. In analysing some 600 multi-asset investment options offered by 100 super funds, OnePath took the gold prize as the overall worst performer ...

Failing Asgard super option to close

JAMIE WILLIAMSON  |  WEDNESDAY, 29 SEP 2021
... returns and higher fees over the same seven-year period that passed the performance test. Funds that failed were notified by APRA on August 30 before the list was publicised on August 31. Asgard Employee Super members were informed of the closure in ...

APRA proposes further unlisted valuation rules

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
APRA is proposing more stringent rules around how superannuation funds value unlisted assets and is taking industry feedback until 16 February 2022. The prudential regulator seeks to make several changes to Prudential Standard SPS 530 Investment Governance ...

SMSFs welcome RIC exemption

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... cost, red tape, and unintended consequences arising from a requirement for SMSF trustees to formulate a retirement, he said. APRA-regulated funds must provide a strategy that considers several risks: longevity, investment, inflation, and any other risks ...

TAL releases income protection range

KARREN VERGARA  |  FRIDAY, 24 SEP 2021
... their ability to earn an income - and it is essential that, as an industry, we get these products right for them," he said. APRA has put forth several changes that the life insurance industry must implement for income protection insurance. It gave life ...
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