While all care has been taken to ensure the accuracy

of the information presented, QMV Super Solutions

is not responsible for any loss or damage suffered in

relying on the information presented.

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industries. With a fresh approach to solving complex process issues, our

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QMV CUSTODIAL SERVICES

National Australia Bank Asset

Servicing (NAS) and CareSuper

have renewed their $10 billion

custodial services partnership

following a tender process. NAS

remains the largest custodian in

the Australian market with $692

billion in assets under custody,

despite several high profile

Australian customers recently

changing custodian.

Source: Financial Standard

GREEN BONDS

ANZ has released a statement

concerning the use of a green

bond – certified by the Climate

Bonds Initiative (CBI) – to

finance existing ANZ loans that

develop low carbon industries,

technologies and practices. The

portfolio includes loans to wind,

power and solar projects, as

well as Green Star-rated

commercial property in

Australia, NZ and Asia.

Source: Financial Standard

NUMBERS & STATISTICS

The Australian Bureau of

Statistics (ABS) has released

Australian managed fund

statistics. As at 31 March 2015,

there was $2,618.7b funds

under management, an

increase of $114.2b (5%) on the

December quarter 2014 figure

of $2,504.5b.

Source: ABS

APRA FUND DATA

The Australian Prudential

Regulation Authority (APRA)

released a discussion paper on

proposed changes to its annual

superannuation statistical

publications and confidentiality

of superannuation data. APRA

previously consulted on

enhancements to its quarterly

superannuation statistics and

now publishes aggregate

financial performance, financial

position and asset allocation

information in the Quarterly

Superannuation Performance

publication.

Source: APRA

ADMINISTRATION

Superannuation administration

service provider Mercer and

Bravura Solutions has

announced a partnership to

commit to using Sonata,

Bravura’s wealth management

platform to underpin a major

transformation program in its

benefits administration division.

Mercer will use Sonata to

administer superannuation and

KiwiSaver business for clients

across both Australia and New

Zealand.

Source: Bravura Solutions

FOFA COMPLIANCE

The Future of Financial Advice

(FoFA) reforms have been

identified as one of the 20 most

challenging pieces of

regulation globally, according

to a survey by Thomson Reuters

of 600 compliance professionals

across the world. FoFA was

listed alongside changes such

as the Basel III capital rules and

the US Dodd-Frank Act, a major

regulatory reform following the

GFC that has often been

compared to FoFA.

Source: Thomson Reuters

SUPERSTREAM

The ATO confirmed that over

50,000 employers and 1 million

super contributions are now

being made under the

SuperStream standard every

month. The ATO has also

reminded medium to large

employers (those with 20 or

more employees) to be

compliant from 30 June.

Source: ATO

REFORM AGENDA

Commonwealth Treasurer Joe

Hockey has reiterated the

Government's position that

there will be no changes to the

superannuation settings during

the life of the current

Parliament.

Source: SuperReview

SuperBrief Independent & Concise

Issue #21 of 2015: Friday, 29th May