Administration

New regime of APRA reporting

The Australian Prudential Regulation Authority (APRA) has provided its much-awaited clarification on the reporting requirements for regulated superannuation entities (RSE). While it reduces some of the burden of earlier drafts, the reporting requirements are still very significant and present some serious challenges to funds, their administrators and custodians. However, in many respects, some of the […]
Administration

Product-planning imperatives

While effective product functions may seem commonsensical, my observation is that investment organisations often struggle with this. Products are generally developed to exploit a perceived market and/or investment opportunity and, while attractive to the business in isolation, when measured against other comparable opportunities may not represent the optimal use of an organisation’s capital. In addition, due primarily […]