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Showing 261 - 270 of 1253 results for "Prudential"

ABC, ISH arrangement faces scrutiny

KARREN VERGARA  |  MONDAY, 29 MAR 2021
... financial terms between industry superannuation funds and the ABC, a parliamentary inquiry heard this morning. The prudential regulator, which appeared before the Standing Committee Economics, had no answers to Member of Parliament Jason Falinski's ...

APRA gains traction on superannuation data project

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
The Australian Prudential Regulation Authority has released its final reporting standards for the first phase of the Superannuation Data Transformation (SDT) as it looks to clear out underperformers. Phase one addresses the most urgent gaps in APRA's ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... the plan to named executives and board members and incorporate outcomes into remuneration decisions. In addition, the prudential regulator launched action against the bank over material breaches of liquidity standards relating to incorrect treatment ...

APRA outlines indemnity measures

ANNABELLE DICKSON  |  TUESDAY, 23 MAR 2021
The prudential regulator has written to authorised deposit-taking institutions (ADIs) to ensure the management of risks with indemnities in divestment transactions. APRA warns that without appropriate controls, indemnities can expose ADIs to significant ...

AustralianSuper introduces insurance changes

KARREN VERGARA  |  WEDNESDAY, 17 MAR 2021
... will be known as Blue Collar and Low Risk will become White Collar. The Professional work rating will not change. The prudential regulator is slamming the group insurance sector for delivering poor member outcomes off the back of a hoard of super funds ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... competence and oversight, complaints handling processes and mischarging of fees, she said. ASIC has worked closely with the prudential regulator throughout, Chester said, adding that its recent action against Rest was the result of a tip-off from APRA. ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
The prudential regulator has acknowledged concerns over "quasi-mergers" raised by Senator Andrew Bragg. In a letter provided to Financial Standard, Bragg contacted APRA in February to express concerns over the "quasi-merger" between Maritime Super and ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
The prudential regulator has lambasted the group insurance sector for several practices it deems disagreeable, casting doubt over the future viability of insurance provided via superannuation. APRA recently wrote to superannuation funds and life insurers ...

Most ethical companies revealed

ELIZABETH MCARTHUR  |  THURSDAY, 25 FEB 2021
... business," Erblich added. Financial Services companies to make the ethical list this year include Principal Financial Group, Prudential, Cuna Mutual Group, Thrivent, TIAA, Voya, MassMutual, Pacific Life and Unum, BMO, Firth Third Bank, Old National Bank ...

APRA commends super funds on tough year

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
The prudential regulator had mostly positive things to say around Australia's superannuation industry last year as it released its annual review. The APRA 2020 Year in Review highlighted the difficult circumstances faced by those under its watch, with ...