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Showing 21 - 30 of 2117 results for "APRA"

Australian Ethical super chief goes for growth in 2024

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
... because it encourages people to engage with their money." ESG leadership The Australian Prudential Regulation Authority (APRA) last year clarified that it expects super funds to demonstrate an understanding of ESG risks and opportunities in investment ...

AMP names new group insurer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... insurance industry. Some two years later, Resolution Life bought the life insurance unit for $3 billion. According to data from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia. TAL has a 40.4% market share that insures ...

SimCorp names new country manager for Australia

ANDREW MCKEAN  |  TUESDAY, 16 JAN 2024
SimCorp has appointed Enzo Cotroneo as its new country manager for Australia, tasking him with spearheading business development and the strategic direction for the investment firm's growth in the local market. Cotroneo, who's appointment took ...

Bragg proposes super fund reforms to protect retail investors

ANDREW MCKEAN  |  WEDNESDAY, 10 JAN 2024
... allowed public scrutiny of the deal's impact on smaller investors. Bragg also put forward a more dramatic step: limiting APRA-regulated super funds to a maximum 10% ownership in public companies in case the initial policy reforms don't yield ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... to reduce costs to members via increased scale and consolidation, a CFS spokesperson confirmed at the time. According to APRA fund-level superannuation statistics, encircle Super held 7612 member accounts and assets under management of $2.7 billion as ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... insurers are underhandedly hiking premiums in a way that is misleading and fails to explain why they are rising, according to APRA and ASIC, warning that they will take regulatory action if practices do not improve. The regulators have reprimanded life ...

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
... parking their retirement savings in default MySuper products, instead of exploring other investment options. Analysis of APRA data by Innova Asset Management revealed that an all-equities portfolio, spread across Australian and international shares ...

Internal teams to manage 43% of super FUM by 2043: Data

JAMIE WILLIAMSON  |  TUESDAY, 12 DEC 2023
While just 17% of APRA-regulated superannuation fund under management is currently overseen by internal investment teams, it's estimated this will balloon to almost half the total FUM come 2043. Presently, about 23% of not-for-profit (NFP) super funds' ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... and an investigation was commenced, alongside comprehensive cybersecurity protocols and enhanced network monitoring. Today, APRA said the incident "involved a significant amount of data being lost." APRA said the decision to implement the additional ...

APRA flags premium volatility in superannuation group life insurance

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
APRA has lifted the lid on the key sustainability challenges of group life insurance in superannuation, notably premium volatility and data availability. At the end of 2022, APRA conducted a survey involving RSE licensees, life insurers, and reinsurers ...