Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 196 results for "Prudential Standard"

Platform trustees told to improve investment governance

JAMIE WILLIAMSON  |  TUESDAY, 7 OCT 2025
The regulator has written to platform trustees in the wake of the First Guardian and Shield Master Fund collapses, alerting them to the need to strengthen their investment governance processes. In its letter, it shared initial findings from the thematic ...

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... focal points of CPS230 is the use of outsourced service providers, especially those located offshore. The prudential standard aims to ensure that an APRA-regulated entity effectively manages its operational risks, maintains critical operations through ...

Geopolitics, AI tests prudential regulation: APRA

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... amplify them - remains critical to supporting the economy through periods of turbulence," the report said. Under Prudential Standard CPS 230 Operational Resilience, which came into effect on July 1, super funds must factor in how they address geopolitical ...

Treasury launches retirement phase consultations

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... phase of superannuation," Treasury said. The framework will sit alongside the Retirement Income Covenant and Prudential Standard SPS 515: Strategic Planning and Member Outcomes, which commenced on January 1. One possible indicator for measuring fund ...

Special feature: Shaping private markets

ELIZABETH FRY  |  TUESDAY, 29 JUL 2025
... of slowing. And regulators are taking notice. APRA's thematic review of trustees' implementation of Prudential Standard SPS 530 Investment Governance, released in December 2024, marked a turning point. After examining 23 different super funds ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... "not to cut corners" when in it comes to getting their operational risk management in order as the landmark prudential standard CPS 230 comes into effect today. CPS 230 Operational Risk Management effectively forces super funds to identify important ...

ASFA, JANA release draft guidance on operational due diligence

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
... consultant JANA have released a draft guidance note on investment management operational due diligence ahead of Prudential Standard CPS 230 Operational Risk Management. Shaped through consultation with the industry, key updates to the draft guidance ...

SMC backs principles-based approach to corporate governance

ANDREW MCKEAN  |  MONDAY, 23 JUN 2025
... highly subjective terms such as reputational risk, perceived conflicts, and personal affiliations, in the prudential standard on fitness and propriety assessments. SMC chief executive Misha Schubert said good governance is fundamental to advancing the ...

APRA plans to remove 'unnecessary obstacles' for longevity products

ANDREW MCKEAN  |  THURSDAY, 12 JUN 2025
APRA has proposed changes to its prudential framework for annuities, committing to removing unnecessary obstacles to the development of more "innovative" and "competitively priced" longevity products. The regulator identified two issues with its existing ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... instructed to undertake a "special purpose engagement," as APRA asks all trustees to review their compliance with Prudential Standard CPS 234 Information Security. After some super funds were targeted by cybercriminals in April, the prudential regulator ...