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Showing 151 - 160 of 710 results for %22Prudential Financial%22

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation funds to send two key measures for their base case: the number of members a fund expects ...

APRA heat map update in doubt

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
APRA's June update to the MySuper heat map is in question, as the prudential regulator suspends the majority of its supervisory and policy initiatives to zero in on the health of its regulated entities amid COVID-19. The prudential regulator has ...

Shape up on climate change risk: APRA

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
... climate change are being transmitted directly as well as indirectly. APRA will develop a climate change financial risk prudential practice guide, which it says will not be intended to establish new obligations but to assist entities in complying with ...

APRA introduces annual stress-testing

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
... scenario development processes and generally made better use of stress test results. APRA said it intends to publish a prudential practice guide on stress testing to promote industry better practice and consistency. The regulator said it will consult ...

Regulators praise super law reform

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have jointly welcomed the proposed legislative reforms increasing the role of ASIC in the superannuation industry. The proposed changes ...

Calls for disability insurance reform

ELIZA BAVIN  |  MONDAY, 10 FEB 2020
... pre-disability take-home pay. A high replacement ratio can be a disincentive to returning to work." In December, the Australian Prudential Regulation Authority said that life companies collectively lost around $3.4 billion over the past five years through ...

New MySuper outcomes tool set for release

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... uses that sort of overlay approach." The release of TTS' tool comes after Graeme Samuel's capability review of prudential regulator APRA called for the creation of superannuation performance tool by the end of 2019 which focused on member outcomes. ...

Government opens BEAR extension consultation

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
... Banking Executive Accountability regime to include super funds and other APRA-regulated entities. Set to be known as the Financial Accountability Regime, the extended regime will impose accountability and key personnel obligations on financial entities ...

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
The Australian Prudential Regulation Authority released its look-back at 2019, making special mention of tough times for the life insurance industry and questioning its sustainability. "Australia's life insurance sector faced deteriorating conditions ...

Government edges towards regulator cooperation

HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
... open for consultation. The government has taken a major step towards ensuring the cooperation of the corporate and prudential regulators, opening a period of consultation on draft legislation implementing the recommendation of Royal Commissioner Kenneth ...