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Showing 91 - 100 of 158 results for "Prudential Standard"

No room for complacency: Rowell

KANIKA SOOD  |  MONDAY, 12 MAR 2018
... reconsidering default MySuper products. Addressing cyber threats, Rowell said APRA is slated to finalise a prudential standard on IT security by November for a July 2019 implementation. Also underway is a review of the 2013 prudential standards and Rowell ...

ASFA disappointed in Royal Commission scope

EMMA RAPAPORT  |  FRIDAY, 1 DEC 2017
The Association of Superannuation Funds of Australia (ASFA) is disappointed the Royal Commission into banks and financial services has included the $2.5 trillion super system. In a statement ASFA said further scrutiny of the sector, which is already ...

Superannuation fears regulatory strangle: ASFA

EMMA RAPAPORT  |  WEDNESDAY, 29 NOV 2017
The greatest threat to Australia's $2.5 trillion superannuation system is regulatory overreach and strangulation in red tape. This was the takeaway message from Association of Superannuation Funds of Australia (ASFA) independent chair Michael Easson ...

Trustees must raise bar on good governance: APRA

KARREN VERGARA  |  THURSDAY, 26 OCT 2017
... eight principles underpinning the AIST Governance Code are "broadly consistent with the requirements of APRA's prudential standard on superannuation governance." "Establishing the code is certainly a good start, but it will take some time for the code's ...

Members better off with equal representation: AIST

KARREN VERGARA  |  TUESDAY, 10 OCT 2017
The Australian Institute of Superannuation Trustees is urging the Senate to reject the Turnbull Government's proposal to mandate a governance model for superannuation funds and preserve the equal representation rule. In response to the Superannuation ...

Mercer principal joins IMCA board

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2016
The Investment Management Consultants Association of Australia has appointed five new board members. Principal of Mercer Investments Hendrie Koster has joined the board, bringing with him a wealth of knowledge in asset class research, portfolio construction ...

APRA outlines plans to refocus Appointed Actuary role

MARK SMITH  |  WEDNESDAY, 22 JUN 2016
The Australian Prudential Regulation Authority (APRA) has proposed improvements for the Appointed Actuary role within insurance companies. The Appointed Actuary is a mandatory position insurers must have to provide independent, expert advice to boards ...

APRA counts life insurance losses

KERRIE SYDEE  |  FRIDAY, 29 APR 2016
APRA has released its submission to the Senate Economics Committee on the inquiry into the scrutiny of financial advice - life insurance, claiming that the profitability of the sector is under strain. The submission argued that weak profitability has ...

APRA releases report on Trio investigation

KERRIE SYDEE  |  MONDAY, 11 APR 2016
The Australian Prudential Authority (APRA) has released its report on its investigation into the failure of Trio Capital Limited (Trio) and loss of up to $150m. The investigation resulted in the removal of 13 former Trio directors from the superannuation ...

Governance bill loses Senators' support

DARREN SNYDER  |  WEDNESDAY, 2 DEC 2015
Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) have shown their weight in Canberra by convincing four crossbench Senators to vote down the superannuation trustee governance bill in parliament. It is reported ...