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Showing 11 - 20 of 28 results for "New APRA"

RSE trustee board composition evolving

KANIKA SOOD  |  MONDAY, 1 FEB 2021
... directors have gone from holding 5.2% of the total board positions at RSE licensees to 10.7% of them as at June 2020, says new APRA data. The total directorships at responsible superannuation entity licensees shrunk 22.7% from 1093 positions at June ...

APRA highlights heatmaps success

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... Commission, one of APRA's objectives was to drive super trustees to deliver quality outcomes for members. This drove several new APRA initiatives, including the publication of the MySuper heatmaps. "Another major achievement during the year was the publication ...

Super reforms modest negative for AMP, IOOF: Credit Suisse

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... Link Group but have no impact on Netwealth and HUB24. The government is proposing to subject all MySuper products to a new APRA-administered annual test from July 2021 and all trustee-directed super products from July 2022. Funds that fall five percentage ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... Loane said. "The government's commitment to implement an ATO portal to help consumers select a high performing fund, and new APRA powers to weed out chronic underperformance, is a long-overdue reform that clearly puts the interests of consumers first." ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...

New Year, new APRA

ALLY SELBY  |  FRIDAY, 20 DEC 2019
Like many of us do nearing the end of the year, APRA has taken time for some self-reflection and assessment, identifying three areas it needs to work on next year. APRA has released its 2018/19 self-assessment report to review its key performance indicators ...

APRA hires from AustralianSuper

HARRISON WORLEY  |  MONDAY, 9 SEP 2019
... AustralianSuper, where he oversaw currency as a senior portfolio manager. Before joining the $169 billion industry fund, the new APRA head of investment risk enjoyed a two-year stint at QBE Insurance in investment risk optimisation, after spending more ...

Super assets hit new record

STEPHEN FAY, DARREN SNYDER, KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... payments, the figure reduced $3.4 billion to $70 billion. Industry Super Australia incoming chief executive Bernie Dean said new APRA data confirms superior investment performance is powering industry funds' growth with $52.8 billion in net returns earned ...

State Street launches investment governance tool

LAURA MILLAN  |  WEDNESDAY, 20 FEB 2013
... factors such as liquidity levels in the event of market-based shocks as well as client-defined shocks, Sarin said. The new APRA regulation on investment governance takes effect from July 1st and requires superannuation fund trustees to analyse and manage ...

CCH to handle First Super compliance admin

MARK SMITH  |  WEDNESDAY, 21 NOV 2012
... ones we've been helping other APRA-regulated entities with for some time." He added: "We've already set up most of the new APRA reporting forms on to our system, and First Super is mapping data into those forms from its accounting and administration ...