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Showing 221 - 230 of 1608 results for "Prudent"

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... risk level of their products," he said. "Our plan prevents lending to those who cannot afford it, without stopping safe, prudent BNPL use." By the same token, Jones acknowledged the growing sector and said BNPL is a "fintech success story" which has ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
Finalising new prudential standards, APRA is aiming to bolster banks, insurers, and superannuation trustees' resilience against future financial crises. APRA hopes the new standards will equip these financial entities with strategies to counteract threats ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... commitment in the budget to save most of the revenue windfalls over the five-year budget horizon signals a commitment to prudent fiscal management," it commented. Fitch further highlighted the government's attempts to address the structural pressures ...

PGIM buys majority stake in Deerpath Capital

CHLOE WALKER  |  THURSDAY, 11 MAY 2023
The $1.2 trillion global asset management business of Prudential Financial has acquired a majority interest in US private credit and direct lending manager Deerpath Capital Management (Deerpath). Since its inception in 2007, Deerpath has deployed over ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
The federal government provided clarity on the Non-Arm's Length Income (NALI) provisions related to expenditure incurred by superannuation funds - however, the industry says it requires further consideration. In last night's budget, the government ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
APRA is pushing back the implementation of its new operational risk management standard following industry feedback. Prudential Standard CPS 230 Operational Risk Management (CPS 230) was initially intended to take effect 1 January 2024 but will now ...

Franking credit changes could backfire: SMSF Association

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... association contends that for these companies reinvesting profits and the raising of capital to pay dividends is merely prudent cash flow management and nothing to do with tax avoidance or the manipulation of the franking system," he said. "Disallowing ...

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
Overhauling superannuation drawdown rules can significantly ease the cost-of-living pressures for retirees and improve retirement income by up to 20%. This is one of three recommendations presented by the Financial Services Council and NMG Consulting ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... the highly complex and technical field of investment management the government should be congratulated for taking the prudent approach of listening and responding to evidence-based policy." "Maintaining the approach of using current administration fees ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... risks, setting appropriate limits so that Australian life insurers can continue using the offshore reinsurance market in a prudent manner. LPS 117 supports both financial sustainability and competition in the local reinsurance market, which was a major ...