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Showing 1 - 10 of 89 results for "RSE licensees"

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... 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 and promoting ...

APRA kicks off Retirement Reporting Framework consultation

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... 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 ASIC, Treasury ...

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
... approaching or in retirement as a key strategic priority. Yet, three years later, there is a widening gap between RSE licensees that are innovating to meaningfully drive better retirement outcomes and meet their members' needs, compared to those ...

ASIC calls out super 'leaders and laggards'

ELIZA BAVIN  |  THURSDAY, 14 AUG 2025
... 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
... 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 and connected ...

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
... other core areas of supervision. APRA warned it will "maintain 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 and promoting ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... Governance, which was updated in January 2023. The review involved assessing detailed responses and data from 23 RSE licensees overseeing $2.7 trillion. The regulator said that while things have broadly improved since its last review in 2021, a "significant ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... offerings for accumulation members. "We are currently examining trustee expenditure data at a fund level to ensure that RSE Licensees decisions are in members' best financial interests." Lonsdale added that APRA is focused on the ways in which superannuation ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... account for the increasing scale of larger super funds. "Given this change, and noting APRA's expectation that RSE licensees will determine their ORFR target amount in line with the guidance, APRA is no longer proposing that RSE licensees must engage ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... identified "deficient" and "questionable" practices among funds. APRA deputy chair Margaret Cole has informed all RSE licensees that it will be intensifying its supervision of their expenditure as it looks to curb spending that is not in the best financial ...
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