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Showing 291 - 300 of 1253 results for "Prudential"

Bendigo and Adelaide Bank overstates liquidity

ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
The Australian Prudential Regulation Authority (APRA) has imposed an independent review into Bendigo and Adelaide Bank's liquidity after it failed to comply with liquidity standards. Bendigo and Adelaide Bank informed APRA last month of breaches to ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
The prudential regulator has announced it will cut down on the amount of information it requires funds to provide as part of the Early Release of Super reporting standards. From September 30, APRA said it will only require sections 6-8 of SRF 91.1 ...

APRA advises funds to review ownership structures

ELIZA BAVIN  |  FRIDAY, 16 OCT 2020
The prudential regulator has issued a letter to superannuation licensees reinforcing their obligations under the controlling stake requirements. APRA said after undertaking a review of the implementation by RSE licensees its focus has been on the interaction ...

Level premiums to remain

ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
Despite the Australian Prudential Regulation Authority's (APRA) intervention to try and salvage individual disability income insurance, level premiums will continue to exist. Speaking on a panel at the Association of Financial Advisers Conference, MLC ...

APRA highlights heatmaps success

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... underperformance," APRA said. "Experience so far has been that the publication of the MySuper heatmaps has been an effective prudential tool, with 42% of MySuper members seeing a reduction in fees and costs since the publication of the first heatmap. ...

Proposed changes ahead for APRA's heatmaps

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
The Australian Prudential Regulation Authority is considering making changes to its MySuper Heatmap to reflect the reforms proposed by the government in the federal budget. Speaking at the Australian Institute of Superannuation Trustees Online Chair ...

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
The Australian Prudential Regulation Authority (APRA) has replaced its 18-year-old risk assessment model with a system that will better guide the intensity of the regulator's supervision. In a letter to banks, insurers and superannuation licensees ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance of MySuper products. The products that have underperformed ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... from July 2022. "Superannuation funds will be required to meet an annual performance test under the guidance of the prudential regulator," Frydenberg said. "Poor performing funds will have nowhere to hide and will be required to notify their members ...

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
The prudential regulator has lambasted superannuation funds for not taking underperformance seriously and failing to compare themselves accurately against their peers. APRA deputy chair Helen Rowell said that many superannuation funds are overlooking ...