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Showing 101 - 110 of 707 results for %22Prudential Financial%22

APRA releases draft climate change guidance

RACHEL ALEMBAKIS  |  FRIDAY, 23 APR 2021
... risk, market risk, and liquidity risk, APRA has emphasised in a new practice guide. APRA has released a draft guide for Prudential Practice Guide CPG 229 Climate Change Financial Risks (CPG 229), designed to assist banks, insurers and superannuation ...

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
... latest development comes following APRA's announcement that it has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers.

APRA to overhaul offshore reinsurance standards

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
The prudential regulator has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers. APRA is proposing an aggregate limit on exposures ...

ABC, ISH arrangement faces scrutiny

KARREN VERGARA  |  MONDAY, 29 MAR 2021
... financial terms between industry superannuation funds and the ABC, a parliamentary inquiry heard this morning. The prudential regulator, which appeared before the Standing Committee Economics, had no answers to Member of Parliament Jason Falinski's ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... the plan to named executives and board members and incorporate outcomes into remuneration decisions. In addition, the prudential regulator launched action against the bank over material breaches of liquidity standards relating to incorrect treatment ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... competence and oversight, complaints handling processes and mischarging of fees, she said. ASIC has worked closely with the prudential regulator throughout, Chester said, adding that its recent action against Rest was the result of a tip-off from APRA. ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
The prudential regulator has acknowledged concerns over "quasi-mergers" raised by Senator Andrew Bragg. In a letter provided to Financial Standard, Bragg contacted APRA in February to express concerns over the "quasi-merger" between Maritime Super and ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
The prudential regulator has lambasted the group insurance sector for several practices it deems disagreeable, casting doubt over the future viability of insurance provided via superannuation. APRA recently wrote to superannuation funds and life insurers ...

Most ethical companies revealed

ELIZABETH MCARTHUR  |  THURSDAY, 25 FEB 2021
... business," Erblich added. Financial Services companies to make the ethical list this year include Principal Financial Group, Prudential, Cuna Mutual Group, Thrivent, TIAA, Voya, MassMutual, Pacific Life and Unum, BMO, Firth Third Bank, Old National Bank ...

APRA commends super funds on tough year

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
The prudential regulator had mostly positive things to say around Australia's superannuation industry last year as it released its annual review. The APRA 2020 Year in Review highlighted the difficult circumstances faced by those under its watch, with ...