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Showing 241 - 250 of 1253 results for "Prudential"

APRA to mandate independent certifications

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
Prudential regulator APRA plans to go ahead with mandating independent certifications within group insurance as recommended by the financial services Royal Commission. In a letter to registrable superannuation entity licensees, APRA clarified its position ...

Kiwi markets regulator names new chief

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
... the end of October. Barrass is the former chief executive of the Gibraltar Financial Services Commission. She led the prudential and conduct regulation of a complex financial services sector that primarily exports financial services and represents around ...

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
The prudential regulator is cracking down further on the superannuation funds that failed the performance test, chair Wayne Byres warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives ...

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... of "longevity" and "flexibility" to something to consider from must-haves. "My hunch is that APRA will produce some prudential standards, some guidance, and an account-based pension only product will not be sufficient because it will not be appropriate ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... be diligently monitoring what is said to members by their funds," Robertson explained. Finally, Robertson urged the prudential regulator to acknowledge there is a place for smaller, bespoke super funds that cater to a very specific demographic. "There ...

APRA outlines remuneration standard

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
The prudential regulator released its final standard for remuneration across superannuation, banking and insurance which could see individuals lose their bonus in the event of poor risk conduct. Cross-industry Prudential Standard CPS 511 Remuneration ...

Industry funds to dominate in 2025

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... has the greatest number of small and medium-sized super funds. Figure 1: Australia's largest super funds 2021-25 Prudential regulator APRA is putting the pressure on super funds with $30 billion and less to merge, warning that funds this size will ...

APRA expands life insurance data reporting

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
APRA will publish more of life insurance data across its quarterly statistical reports. The prudential regulator said it will release more of the life insurance and general insurance data it collects in a bid to promote greater transparency and efficiency ...

Every super fund should cover every occupation: FSC

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... Competition and Consumer Commission (ACCC), Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA). The FSC will seek feedback from regulators on their expectations as part of this process," ...

Jennison hires head of ESG

ELIZABETH MCARTHUR  |  MONDAY, 19 JUL 2021
... product and strategy Peter Clark. Jennison is an affiliate manager of PGIM, the global asset management business of Prudential Financial, which has more than $1.5 trillion in assets under management. The head of ESG role is a newly created position at ...