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Showing 151 - 160 of 2132 results for "APRA"

Optimum Pensions urges super trustees to insure mortality risk

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
... insured against mortality risk, a manufacturer such as a life insurer or a super fund (although the latter is not allowed by APRA to carry its own mortality risk) can worry less about these risks. Insuring against mortality risk through partnering with ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... financial services regulators detailed their top priorities, including cybersecurity threats and fraud in the super industry. APRA general manager Katrina Ellis said APRA is concerned about the increasing risk to the super industry from cyber breaches ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... would deliver value for our members leading into and during their retirement." As previously reported by Financial Standard, APRA heatmaps said the bank's MySuper option had significantly poor performance in relation to the benchmark. The fund's ...

Allianz Retire+ launches new retirement income solution

CASSANDRA BALDINI  |  MONDAY, 20 FEB 2023
... following the implementation of the Retirement Income Covenant (RIC). A bright line was clearly drawn by the government and APRA, the starting gun has been fired." The company said it made significant investments in technology and retirement solution ...

Industry fund joins the million-member club

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
... the fund's strong track record of membership growth gives it a "fantastic foundation" from which to build. According to APRA heatmap data, HESTA ranked fifth by a measure of total accounts growth, for MySuper products, averaged over a three-year ...

Zurich wins group insurance mandate

KARREN VERGARA  |  TUESDAY, 14 FEB 2023
... the insurer for the Suncorp super business, Brighter Super noted. Also announcing changes to its board, Zurich named former APRA chair Geoff Summerhayes as chair. Noel Condon and Mary Waldron were appointed independent non-executive directors, while ...

The great super cover up is over: Bragg

ANDREW MCKEAN  |  FRIDAY, 10 FEB 2023
... superannuation annual member meeting notices. "They [the government] need to bring forward legislation or regulation requiring APRA to publish relevant expenditure by all superannuation funds, for political purposes and for profit, all in the one place," ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
This year, APRA is focused on rectifying sub-standard practices, eradicating unacceptable performance, and influencing improved retirement outcomes. That's according to its 2023 supervision priorities, released today. It said it's all part of holding ...

APRA restructures, appoints new executive directors

CHLOE WALKER  |  WEDNESDAY, 1 FEB 2023
APRA has made changes to the structure and responsibilities of its executive team, making several appointments including a new executive director, superannuation. Last year, APRA promoted Therese McCarthy Hockey and Suzanne Smith to the role of member. ...

Another Diversa offering bites the dust

JAMIE WILLIAMSON  |  TUESDAY, 31 JAN 2023
... DIY Master Plan is a solution for financial advice groups looking to offer their own superannuation product. According to APRA data, as at December 2021 the fund had about $927 million in funds under management and 3124 members. These members have now ...