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Showing 351 - 360 of 1254 results for "Prudential"

Enforcement appetite is working: APRA

ELIZA BAVIN  |  MONDAY, 2 DEC 2019
The prudential regulator has told the House of Representatives Standing Committee on Economics that despite tough conditions it has shown an increased appetite to be "constructively tough". APRA chair Wayne Byres told the committee that broader enforcement ...

Don't over-interpret OECD super fee figures

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... of these numbers and we should take great care to not over-interpret what the OECD has published." He added that the prudential regulator needs to "take care to describe what any data actually means and remove as much ambiguity as it possibly can" as ...

APRA responds to industry concerns

ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
The prudential regulator has responded to submissions seeking clarity on its proposed Business Performance Review guide. APRA said a number of industry participants raised concerns over the proposed guide in submissions. The regulator said a number ...

APRA floats insurance in super change

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
APRA has floated proposed revisions to prudential standards covering insurance in super, including requiring independent verification of insurance arrangements to ensure they are in the best interests of members. The prudential regulator has released ...

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
APRA's new approach to governance, culture, remuneration and accountability will see the prudential regulator focus on strengthening, sharpening and sharing. The regulator today released an information paper on its "more intensive" regulatory approach ...

Chief executive banned for paying wife

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... executive of a small mutual insurer has copped two large fines and a ban from the UK's Financial Conduct Authority and Prudential Regulation Authority after he paid his wife close to $400,000 to reduce his personal tax liability. Stuart Forsyth was chief ...

Rapid pace of regulatory change to continue

ELIZA BAVIN  |  FRIDAY, 15 NOV 2019
... are undertaking in response to the increasing complexity of, and competition within, the industry." Smith added that prudential regulator is encouraging trustees to focus on simplification saying driving consolidation at the product level should be a ...

APRA begins super data transformation efforts

HARRISON WORLEY  |  FRIDAY, 8 NOV 2019
... set to come under increased scrutiny. Known as APRA's Superannuation Data Transformation, the program will see the prudential regulator enhance the comparability and consistency of the industry's reported data. It will have a specific focus on the choice ...

VanEck launches new fixed income ETF

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
... insurers to increase their total capital by three percentage points by 2024, to cushion against a failure. At the time the prudential regulator said it expected banks would meet the bulk of this requirement by issuing tier 2 capital.

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... reasonable basis to exclude from advice consideration any of the 12 retail life insurers regulated by the Australian Prudential Regulation Authority. "Heavily restricted life insurance APLs are still the norm and not even heat from the recent Financial ...