Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 131 - 140 of 1253 results for "Prudential"

APRA flags premium volatility in superannuation group life insurance

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
... 52(8A) of the Superannuation Industry (Supervision) Act 1993 (SIS Act) addressing Retirement Income covenants," the prudential regulator said. "APRA strongly encourages RSE licensees, life insurers and reinsurers to work together to improve access to ...

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
The UK's Financial Conduct Authority (FCA) has proposed mandating personal investment firms, commonly known as investment advisers, to pre-emptively calculate and secure sufficient capital for potential redress liabilities. The financial regulator is ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... on-platform trustee directed products (TDPs) underperform their benchmark and exhibit higher administration fees. The prudential regulator's analysis based on the 2023 superannuation performance test showed that 56% of member accounts in platform TDPs ...

British banker to become RBA deputy governor

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... foreign exchange reserves and coordinates market intelligence and analytical advice to the BoE's monetary and macro-prudential policy committees. Hauser has also held senior roles across most of the BoE's other major functions, including leading ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... with the collapse of regional banks, APRA says. APRA chair John Lonsdale boasted about confidence in Australia's prudential regulation in contrast to a series of regional bank failures such as Silicon Valley Bank and the collapse of Credit Suisse. ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... health fund. It comes at a time of turmoil for the retirement industry, which has come under intense scrutiny by the prudential and investment watchdogs. The regulators have warned of a crackdown if superannuation funds don't do more to help Australians ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... legal redress on these critical financial disclosures is an affront to the rule of law and may lead to significant prudential and market integrity issues." FS Sustainabilit y reached out to Treasury for clarification on how such a proposal function if ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... Act) requires that information given to the public by trustees must align with information provided to the Australian Prudential Regulation Authority (APRA). The ASIC Class Order [CO 14/541] was first launched in 2013 and aims to provide relief from ...

'Critical shortcomings' demand urgent action from trustees: APRA

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
... toward retirement. At the Australian Financial Review's Super and Wealth Summit today, Cole outlined that one of the prudential regulator's topmost priorities is tackling the "surprising lack of readiness" in trustees' approaches to the retirement ...

PGIM executive quits after less than two years

ELIZABETH FRY  |  FRIDAY, 27 OCT 2023
... Benjamin Price will step down less than two years after being appointed. The US$1.2 trillion asset management business of Prudential Financial has confirmed that Price will leave by the end of the year. However, people familiar with the matter say he ...