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Showing 161 - 170 of 1253 results for "Prudential"

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... retirement income products. This includes moving consumers out of closed legacy products, reviewing the flexibility of prudential capital requirements and introducing a disclosure regime to allow consumers to compare retirement product features and fees. ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... current administration fees when benchmarking product performance is the best outcome for consumers as evidence from the prudential regulator has demonstrated that this focus has reduced administration fees for consumers of MySuper products." Likewise ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
The prudential regulator is taking action against NobleOak Life for breaching its capital adequacy obligations. APRA said this morning that it will investigate the ASX-listed company's compliance process that led to breaches of capital adequacy requirements ...

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
... greater or lesser extent. "We need to be ready to act quickly, but we also need greater confidence than ever in the prudential safeguards we have in place," he said. Lonsdale explained as the speed of crises accelerates, regulators have less time to ...

Another Aussie mandate for Apex Group

CHLOE WALKER  |  WEDNESDAY, 29 MAR 2023
... Asset Management. Already this year, Apex Group has been appointed by local funds Yarra Capital Management and Capital Prudential. "Following the integration of Apex Group's acquisitions in Australia, we have continued to see strong client demand in ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... uplift in cyber risk management," Ellis said. She also noted that all APRA-regulated super funds would be assess under Prudential Standard CPS 234 Information Security this year. Last year, Spirit Super was the subject of a breach that saw the information ...

Super funds are lousy at communications: Strategist

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
... Well, 'Why can't I have it in my house? If not, just maximise return'." The largest single group are the prudential traditionalists. "They're the older, conservative group and are very important to superfunds as they have your highest ...

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
The Financial Accountability Regime and Compensation Scheme of Last Resort have been introduced to Parliament by Assistant Treasurer Stephen Jones. The Financial Accountability Regime (FAR) Bill 2023 aims to promote accountability and responsible behaviour ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... says. To address these concerns, APRA is conducting independent assessments of entities across all industries under Prudential Standard CPS 234 Information Security. "Our intention is that all APRA regulated super funds will be assessed in 2023," Ellis ...