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Showing 1 - 10 of 253 results for "RSE"

'No basis' to ban independent trustee model: Equity Trustees

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
... Trustees argued it would not be feasible for the drafters of the legislation to precisely define between 'platforms' and 'RSE Licensee of platforms' given the offers provided by all superannuation funds are increasingly overlapping and will do so more ...

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... paper read. Targeting unnecessary spending, the levy will also be used for "intense scrutiny of fund-level expenditure to hold RSE licensees accountable for improving practices, reducing spending that is deemed not in members' best financial interests ...

Superannuation advertising ban consultation launches

KARREN VERGARA  |  MONDAY, 30 MAR 2026
... annual superannuation performance test and the person advertising the MySuper product cannot be a connected entity of the RSE licensee that is offering the product. "Employee onboarding is a key time when employees engage with their superannuation and ...

APRA kicks off Retirement Reporting Framework consultation

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... members' benefit bracket, and retirement status. APRA and ASIC will jointly use the data as part of tracking progress by RSE licensees against retirement income strategies required by the Retirement Income Covenant. It will then share the data with ...

Future Group to buy Towers Watson RSE licence

JAMIE WILLIAMSON  |  FRIDAY, 27 FEB 2026
... currently awaiting regulatory approval, Financial Standard understands. While the licence was retained, the Towers Watson RSE was slowly wound up in recent years, with several of the corporate super funds it oversaw being terminated or moved elsewhere. ...

Equity Trustees hit with additional licence conditions

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
The Australian Prudential Regulation Authority (APRA) has imposed additional licence conditions on Equity Trustees Superannuation Limited (ETSL) to address concerns relating to its investment governance frameworks and practices, including oversight ...

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
... Check, the details in the report show that progress is slow. "The retirement income covenant was introduced in 2022 to elevate RSE licensees' support for Australians approaching or in retirement as a key strategic priority. Yet, three years later ...

Super funds must improve reporting, audits: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 30 SEP 2025
... regulator said a lack of consistency in categorising unlisted investments makes it difficult to compare investments across RSE financial reports, or to understand how reliable the valuations included are. ASIC added that its review of audit files found ...

ASIC calls out super 'leaders and laggards'

ELIZA BAVIN  |  THURSDAY, 14 AUG 2025
... meeting requirements of the Covenant, she warned that many are falling short when it comes to servicing First Nations members. "RSE licensees failed to adequately consider their First Nations members in their communications. While some reported participating ...

Super spending calls BFID compliance into question

JAMIE WILLIAMSON  |  TUESDAY, 24 JUN 2025
... not having revisited historic arrangements since the BFID was legislated, and a host of other shortcomings. The review of 14 RSE licensees' expenditure practices and decisions comprised thousands of documents covering discretionary spending, marketing ...
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