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Showing 101 - 110 of 1137 results for "Prudential"

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... outcomes. Last year, 13 super funds were found to have failed the government's performance test. Since then, the Australian Prudential Regulation Authority has released the of all the funds it assessed showing another seven, including some of Australia's ...

One million visits to YourSuper comparison tool

ELIZABETH MCARTHUR  |  FRIDAY, 7 JAN 2022
... 2021 suggest member movement due to the new Your Future, Your Super performance test has been minimal. Analysis by the prudential regulator, released in November, showed that of the one million member accounts in products that failed the test, just 68,000 ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... flunked the inaugural Your Future, Your Super test, are also failing Choice members, the latest APRA heatmaps reveal. The prudential regulator slapped retail and industry superannuation funds alike with the lowest grade possible in its inaugural Choice ...

APRA, ASIC provide annual update

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have released their annual engagement update for 2021. Reinforcing Australia's twin peaks model of regulation, the agencies said they ...

Sunsuper ESG expert in new global role

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
... Asia-based asset manager..." "Stuart's appointment will also strengthen our ongoing efforts with our parent company Prudential plc. in transitioning to a low-carbon future and meeting its 2050 net zero carbon emissions goal." Wilson said he is looking ...

APRA tells Christian Super to merge

JAMIE WILLIAMSON  |  TUESDAY, 7 DEC 2021
With just $2 billion in assets, Christian Super has been told by the prudential regulator that it must merge by 31 July 2022 following persistent underperformance. APRA has imposed additional licence conditions on the super fund in order to protect ...

Athene, Apollo stake in Challenger approved

KARREN VERGARA  |  MONDAY, 6 DEC 2021
Minority shareholders of Challenger have been given the go-ahead to acquire their additional stake by the prudential regulator. Athene Holding and Apollo Global Management now have an 18% stake in the ASX-listed Challenger after APRA approved the additional ...

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
APRA is consulting on two new prudential standards aimed at strengthening how entities, including superannuation trustees, respond to financial crises. CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900) are the ...

APRA finalises new bank capital framework

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
The Australian Prudential Regulation Authority (APRA) has finalised its new bank capital framework, designed to strengthen levels of capital and align Australian standards with the internationally agreed Basel III requirements. The new regime, which ...

Guidance on financial risks of climate change released

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
The prudential regulator has released the final guidance on managing the financial risks of climate change, having made minor amendments following industry consultation. The guidance outlines how institutions must identify and monitor risk, covering ...