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Showing 141 - 150 of 196 results for "Prudential Standard"

APRA trustee reforms, definition of independence yet to be finalised

ALEX DUNNIN  |  TUESDAY, 1 SEP 2015
APRA has released a discussion paper detailing the government's proposals for more independent trustees on super fund boards while conceding the definition of independence is yet to be finalised. The proposed changes to trustee operations have divided ...

APRA shakes up executive team, addresses super conflicts

ALEX BURKE  |  FRIDAY, 20 MAR 2015
... superannuation trustees' practice standards, "others still have more work to do to meet the objectives of the prudential standard." "Unfortunately," he added, "we still see instances where actual and potential conflicts are viewed very narrowly: a minimalist ...

Movers and shakers

Surprise exit for van Eyk asset consulting team Van Eyk's three person asset consultant team has left the company, the company has confirmed. Head of asset consulting Jonathan Ramsay and asset consultants Fil Andronaco and Jonathan Tolub resigned their ...

APRA releases additional requirements for large instos

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
The Australian Prudential Regulation Authority (APRA) has released the updated framework for the supervision of large financial institutions, but will defer a decision on its final implementation until the end of the Financial System Inquiry (FSI). ...

CIO to step aside as EQT shifts focus

MARK SMITH  |  FRIDAY, 15 AUG 2014
Equity Trustees chief investment officer George Boubouras is to leave the company following a review of its strategic approach and the priorities for its asset management function. Dr Paul Kasian, currently head of equities at Equity Trustees, will ...

Bring in Chilean-style super tender process: Grattan Institute

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
The government should get involved in picking default superannuation funds in order to increase competition and bring down fees, a Grattan Institute report has argued. The report, entitled 'Super sting: how to stop Australians paying too much for superannuation' ...

APRA issues draft group insurance PPG

ALEX DUNNIN  |  TUESDAY, 10 DEC 2013
APRA has written to life insurance chief executives announcing a new draft Prudential Practice Guide (PPG) for how they should handle operational and business issues and risks surrounding group insurance sold to super funds. The regulator said the PPG ...

Group insurance faces 'perfect storm'

JAMES FERNYHOUGH  |  THURSDAY, 21 NOV 2013
... up and then go and fix them." He said that, while the Australian Prudential Regulation Authority's (APRA) prudential standard for insurance in superannuation, SPS 250, is a "good step" towards avoiding a blow-up, it may be too late. Speaking on a panel ...

The New Daily to avoid political bias: Weaven

JAMES FERNYHOUGH  |  WEDNESDAY, 13 NOV 2013
The New Daily will avoid taking a political line, according to Garry Weaven, the chair of the new, industry super fund-owned publication The New Daily, which was launched today. Weaven told Financial Standard that he and Bruce Guthrie had to assure ...

We're watching you, APRA warns trustees

JAMES FERNYHOUGH  |  THURSDAY, 24 OCT 2013
The Australian Prudential Regulation Authority (APRA) has warned superannuation fund trustees it will not tolerate inertia or complacency, in a clamp down that is sparking fears that the role of trustee is becoming a full-time job. Speaking to an audience ...