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Showing 1 - 10 of 36 results for "MySuper authorisation"

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... develop new requirements for a prompt transfer of MySuper members in the event of the cancellation of a MySuper authorisation. ARPA's enhanced guidance will outline expectations of prudent practice when preparing for a timely and efficient transfer of ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... in which outcomes are assessed, closer monitoring of financial resources and new rules to follow when a MySuper authorisation is cancelled. Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) came into effect in January 2020 ...

ASFA proposes MySuper test

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... stage. An underperforming product will get the opportunity to state its case to APRA and explain why its MySuper authorisation should be retained. If it is unsuccessful, the MySuper authorisation will be revoked. Federal Treasurer Josh Frydenberg unveiled ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... existing product, on their breach history and/or the existence of any adverse findings against them. The MySuper authorisation update is part of the newly passed Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... each product promotes the financial interests of members. APRA will have the power to refuse or cancel a MySuper authorisation. The Bill also empowers APRA to collect data on expenses relating to the management and operation of a fund on a look-through ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... against the use of a sole measure to determine whether an underperforming superannuation fund should retain MySuper authorisation. In its latest submission to the Productivity Commission on superannuation's competitiveness and efficiency, APRA agreed ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
... fund is not acting in the best interests of members. Giving APRA greater capacity to refuse or cancel a MySuper authorisation where it believes a licensee will fail to meet its obligations. Providing stronger protection for consumers by requiring APRA ...

Boutique corporate super realigns following MySuper

ALEX DUNNIN  |  THURSDAY, 29 JAN 2015
... triggering a readjustment in the corporate platform market as fund groups that have elected not to pursue MySuper authorisation shift their focus away from corporate default products toward select and personal products. The findings are contained in ...

MySuper authorisations reaches 117

ALEX DUNNIN  |  WEDNESDAY, 5 MAR 2014
... Toyota, Incitec Pivot, United Technologies, Dulux and the Water Corporation of WA. Retail groups now with a MySuper authorisation are EmPlus and Max Super. The new industry funds covered are Lutheran Super and the Law Employees Super Fund. These latest ...

MySuper authorisations hit 100

ALICE URIBE, ALEX DUNNIN  |  FRIDAY, 6 DEC 2013
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