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Showing 341 - 350 of 1608 results for "Prudent"

Local Government Super rebrands, reduces fees

JAMIE WILLIAMSON  |  TUESDAY, 25 MAY 2021
As part of a broader strategy to grow the fund, Local Government Super has adopted a new name and cut some of its fees. Effective today, LGS will be known as Active Super; a name that "captures our long-standing active pursuit of investments that deliver ...

Actuaries Institute unveils IDII recommendations

KARREN VERGARA  |  MONDAY, 24 MAY 2021
The Actuaries Institute has released sweeping recommendations to help fix the individual disability income insurance (IDII) sector that is currently at "risk of failure". The final recommendations follow a 12 month-review, led by an appointed Actuaries ...

Chief economist: The path to normality

BENJAMIN ONG  |  TUESDAY, 18 MAY 2021
... is not yet solid: "Residents' consumption is still constrained and investment growth is insufficient," adding that "prudent" monetary policy would be flexible, targeted and appropriate. China's central command agrees. In their meeting conducted ...

APRA extends IDII overhaul deadline

KARREN VERGARA  |  THURSDAY, 13 MAY 2021
APRA has given life insurers another year to have the policy contract term measure for individual disability income insurance (IDII) in full force by 1 October 2022. The prudential regulator has acknowledged the challenges life insurers are facing ...

Macquarie posts $3bn profit, makes hire

ANNABELLE DICKSON  |  FRIDAY, 7 MAY 2021
... to perform well despite challenging market conditions, reflecting the diversity of our activities and ongoing focus on prudent risk management," Macquarie chief executive Shemara Wikramanayake said. In addition, the group announced its commitment to ...

ANZ profits up 45%, dividends double

KANIKA SOOD  |  WEDNESDAY, 5 MAY 2021
ANZ posted statutory profit after tax in the first half to $2.9 billion, up 45% from 2H20. The bank announced a dividend of 70 cents per share, double of the previous half's dividend. ANZ said key drivers for the increase in its profits were net credit ...

BetaShares launches hybrids ETF

KANIKA SOOD  |  TUESDAY, 27 APR 2021
BetaShares has launched a new ETF that invests in ASX-listed preference shares issued by the big four Australian banks. The BetaShares Major Bank Hybrids Index ETF (ASX: BHYB) will invest in ASX-listed, AUD denominated preference share issues with a ...

APRA releases draft climate change guidance

RACHEL ALEMBAKIS  |  FRIDAY, 23 APR 2021
... of climate change in line with the Task Force on Climate-related Financial Disclosures (TCFD). APRA states that it is prudent practice for boards of regulated entities to "seek to understand and regularly assess the financial risks arising from climate ...

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
The life insurance industry is developing a Professional Standards Framework for all claims and underwriting professionals, with support from the Australian and New Zealand Institute of Insurance and Finance (ANZIIF). The framework is being developed ...

APRA to overhaul offshore reinsurance standards

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
The prudential regulator has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers. APRA is proposing an aggregate limit on exposures ...