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Showing 101 - 110 of 1620 results for "Prudent"

APRA plans to remove 'unnecessary obstacles' for longevity products

ANDREW MCKEAN  |  THURSDAY, 12 JUN 2025
APRA has proposed changes to its prudential framework for annuities, committing to removing unnecessary obstacles to the development of more "innovative" and "competitively priced" longevity products. The regulator identified two issues with its existing ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
The super funds that saw member accounts breached by cybercriminals in April have been instructed to undertake a "special purpose engagement," as APRA asks all trustees to review their compliance with Prudential Standard CPS 234 Information Security. ...

Industry funds feast, retail funds snack, corporate funds freefall

ANDREW MCKEAN  |  THURSDAY, 29 MAY 2025
APRA's quarterly superannuation statistics have lifted the lid on the ongoing battle for Australia's retirement assets; industry funds charged forward, retail funds made gains without breaking into a sprint, while corporate funds retreated further. ...

CFS awards global equities mandate

KARREN VERGARA  |  TUESDAY, 27 MAY 2025
... Australian Small Companies investment option. "Celeste has committed to continuing to manage the funds in an orderly and prudent manner until the transition is complete. CFS will continue to monitor the management of the portfolios closely," CFS said. ...

ASFA, EY release guidance on CPS 230

ELIZA BAVIN  |  THURSDAY, 22 MAY 2025
The Association of Superannuation Funds of Australia (ASFA) and EY have released guidance to help superannuation trustees navigate key aspects of APRA's new prudential standard, CPS 230. CPS 230 will come into effect on July 1, making super trustees ...

Chalmers lays down the law on super tax

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
... said in a joint statement with other industry groups. "Australia has a proud history of rewarding effort, enterprise, and prudent investment. A tax on unrealised gains turns that on its head. It punishes people not for what they've earned, but for what ...

Mercer Super recruits whistleblower as risk chief

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
A former UniSuper risk executive has landed at Mercer Superannuation Australia as its new chief risk officer. Mercer Super has confirmed the appointment of Dennis Gentilin - an ex-banker turned whistleblower - to the role. "Dennis' expertise and ...

Apex awarded $2.3bn fund admin mandate

MATTHEW WAI  |  MONDAY, 14 APR 2025
Apex Group has been appointed to provide fund administration and transfer agency services for four retail products of an Australian credit manager, effective today. Mutual Limited will transition administration of the Mutual Cash Fund, Mutual Income ...

The super fund scouring the dark web to protect members

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... untoward attention. Although the sector takes pride in its achievements, from a practitioner's perspective, it may be more prudent to maintain a lower profile. CSC began strengthening its cybersecurity posture several years ago, increasing its investment ...

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
The Australian Prudential Regulatory Authority (APRA) has accepted a Court Enforceable Undertaking (CEU) from ANZ to address ongoing weaknesses in the bank's non-financial risk management practices and risk culture. APRA also increased the capital add-on ...