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ASFA and JANA release draft guidance note ahead of CPS 230 start date
The draft guidance note enhances and replaces existing guidance on investment management operational due diligence to prepare for the start of prudential standard CPS 230.
Much to be done on super tax concessions, says Coates
Grattan’s Brendan Coates believes there’s still much to be done to curb superannuation tax concessions that lack a plausible purpose.
Competitive forces effective for improving governance issues, says AustralianSuper
The super fund has cautioned APRA against using its Governance Review as a “misguided way” of dealing with old problems.
Aussie funds hit pause on US deals amid section 899 tax fears
Local institutional investors are exercising caution and reassessing their US investment strategies amid growing uncertainty over section 899.
AUTHOR
Maja Garaca Djurdjevic
Competitive forces effective for improving governance issues, says AustralianSuper
The super fund has cautioned APRA against using its Governance Review as a “misguided way” of dealing with old problems.
Policy says no, portfolios say yes: Super’s nuclear contradiction
Nuclear weapons, the ultimate symbols of destruction, are bad, unless, of course, you’re a super fund quietly growing its portfolio off the back of them.
AUTHOR
Maja Garaca Djurdjevic
APRA targets 14 super funds in crackdown on questionable spending
The Australian Prudential Regulation Authority (APRA) has warned superannuation trustees to lift their game on managing fund expenditure, after identifying shortcomings in how some funds justify spending decisions under the best financial interests duty.
AUTHOR
Maja Garaca Djurdjevic
Super bodies caution APRA against ‘rigid’ proposals on board composition
Allowing super funds to have flexibility around board composition and renewal is critical for ensuring boards have the necessary depth of experience and diversity, industry bodies warn.
Active funds face continued exodus
Just three active asset managers are expected to attract net inflows over the coming year, according to Morningstar, with those specialising in fixed income or private markets best positioned to benefit.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Chalmers pushes tax reform as key defence against global uncertainty
Treasurer Jim Chalmers says the best defence against global economic uncertainty is a more productive economy and a more sustainable budget.
AUTHOR
Maja Garaca Djurdjevic
