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Showing 141 - 150 of 2133 results for "APRA"

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
APRA is looking to further safeguard Australia's banking system following recent global events, warning economic ripple effects can still be felt across the pond. In an address on Tuesday, APRA chair John Lonsdale said no matter how resilient the ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... hardcopy versions of their response plans on hand, and cyber-attack drills should be carried out regularly. Representatives from APRA, ASIC and the ATO have also noted cybersecurity as an area of priority for the regulators. At the recent Association ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... across the superannuation industry. Speaking on a panel at the Conference of Major Superannuation Funds (CMSF) in Melbourne, APRA general manager superannuation Katrina Ellis, ASIC Commissioner Danielle Press and Australian Tax Office (ATO) deputy commissioner ...

Future-proofing the super system: Rees

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
Speaking on a panel the first day of the Conference of Major Superannuation Funds (CMSF), MetLife head of external affairs and public policy Nathan Rees said that establishing an objective for superannuation will help to "future proof" the system. "The ...

Australian Retirement Trust lines up another merger

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... property, so is unlikely to generate the same returns as larger funds, it said. Earlier in 2022, the fund was identified by APRA earlier this year as one of many facing sustainability issues, largely because of its declining membership.

Rising interest rates tank life insurer performance

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
... impact of rising bond yields throughout the year resulting in realised and unrealised losses on interest bearing investments," APRA said in a performance note. Life insurers ended last year with a net profit of $500 million, a drop of 59% from 2021.

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
APRA will maintain four life insurance prudential standards following a brief consultation period. The prudential regulator flagged it was relatively satisfied with four prudential standards - Prudential Standard LPS 100 Solvency Standard; Prudential ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... by the Minister, preparing, and submitting accountability statements is mandatory. The FAR will be jointly administered by APRA and ASIC with the regulators having powers to disqualify accountable persons and direct entities to reallocate responsibilities ...

Allan Gray transfers platform, exits super

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2023
... December 2022 end, had about $1.2 billion in total funds under management and 22,500 members. In the latest iteration of the APRA heatmaps, OneSuper was flagged in relation to sustainability of member outcomes. The data shows that, to June 2022 end ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... Retirement Trust, UniSuper, Commonwealth Super Scheme, and BT Super, have the most affluent members across all ages among APRA-regulated funds. This suggests that individuals with significant balances in retail funds may have migrated to self-managed ...