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Showing 1 - 10 of 12 results for "Member Outcomes Assessment"

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... MobiSuper is a sub-plan of the Tidswell Master Superannuation Plan and, according to its most recent Member Outcomes Assessment, was due to be combined with Student Super's Professional Super last month. Meanwhile, ZIB has been ordered to pay a penalty ...

Lutheran Super merger imminent

JAMIE WILLIAMSON  |  TUESDAY, 16 AUG 2022
... investigating potential merger partners in September 2021 following the release of its second annual member outcomes assessment. In that assessment, the trustee acknowledged that its total fees were slightly higher than some competitors and that it's ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... 'documentation-focus' of the implementation period - 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 ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
Super Consumers Australia has slammed super funds' member outcomes assessments (MOAs), finding several funds claiming to be acting in members' best interests even when fees are high and performance is lacklustre. Super Consumers Australia looked ...

Chant West hires distribution head

KARREN VERGARA  |  WEDNESDAY, 3 FEB 2021
... allowing users to compare key data such as platform fees and costs to assist in preparing for APRA's Member Outcomes Assessment.

ASFA proposes MySuper test

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... recent proposals. ASFA's Lifting the Bar proposal will examine MySuper products and use APRA's annual Member Outcomes Assessment to determine whether a product is considered to be underperforming. The first stage measures fees and costs against a benchmark ...

Associations raise member outcomes concern

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... regulations are adopted, and that industry and consumer groups have the opportunity to consider the member outcomes assessment holistically. The Association of Superannuation Funds of Australia (ASFA) said it is "broadly comfortable" with the SPS 515 ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... number of mergers," the report reads. From 1 January 2020, funds will be required to undertake an annual member outcomes assessment under the recently released Prudential Standard SPS 515. This is based on: net investment returns, fees and operating ...

APRA sets sights on 2019 targets

HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
APRA has outlined its policy focus for the remainder of the year following the Royal Commission. Releasing its annual policy priorities document this week, the prudential regulator said it would build on the work it began last year, while taking into ...

No room for complacency: Rowell

KANIKA SOOD  |  MONDAY, 12 MAR 2018
... in absolute and relative terms, including against that of a peer group. However, Rowell admitted the member outcomes assessment is not a "one-size-fits-all" measure. "Individual funds have different members and different strategies, and the scope and ...
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