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Showing 1 - 10 of 14 results for "Business Performance Review"

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
APRA has released a discussion paper that outlines proposals to ensure trustees prepare for, manage, and execute successor fund transfers more smoothly, and efficiently. APRA's proposals have been prompted by heightened transfer activity in the industry ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
ASIC is calling on superannuation trustees to review and improve the effectiveness of target market determinations (TMD) for their products. The regulator's request follows a sample review of trustee compliance that found some poor practices. ASIC ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... obligations, investment governance, successor fund transfers and financial resilience, strategic planning and business performance review practices, insights and actions. To further strengthen the super industry, it will maintain momentum on eradicating ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... where supervisory engagement focused on the business plan, the member outcomes assessment and the business performance review, to one where member outcomes considerations are embedded and integrated across an RSE licensee's business operations." APRA ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... is needed to improve explanations of how specific objectives to support member outcomes link to the Business Performance Review findings, plus more vigorous analysis of drivers of business performance. In KPMG's view, the key to success in this respect ...

Regulators alert trustees of new obligations

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... Press, the regulators highlighted how the new obligations will interact and where they complement. The Business Performance Review (BPR), which is part of the member outcomes obligation, is due by 31 December 2020, while the first outcomes assessments ...

APRA expands super data collection

ELIZA BAVIN  |  FRIDAY, 28 AUG 2020
... already be using this type of data to help them fulfil existing regulatory requirements, such as their Business Performance Review and legislated outcomes assessment," she said. "If not, it would seem unlikely that they could truly understand the outcomes ...

APRA responds to industry concerns

ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
The prudential regulator has responded to submissions seeking clarity on its proposed Business Performance Review guide. APRA said a number of industry participants raised concerns over the proposed guide in submissions. The regulator said a number ...

APRA begins super data transformation efforts

HARRISON WORLEY  |  FRIDAY, 8 NOV 2019
... collection will also support the implementation of other key regulatory requirements including the business performance review, and the legislated outcomes assessments which form a key input to these reviews. "It also enables the planned expansion of ...

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
... SPS 515 Strategic Planning and Member Outcomes would require all RESs to perform APRA's annual Business Performance Review (BPR) to assess whether they are delivering sound, value-for-money outcomes for members. SPS 515 complements the newly legislated ...
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