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Showing 401 - 410 of 1253 results for "Prudential"

AMP Super, board slapped with licence conditions

KARREN VERGARA  |  FRIDAY, 14 JUN 2019
... compliance with the new directions and conditions. "The action arises from issues identified during APRA's ongoing prudential supervision of AMP Super, along with matters that emerged during the Royal Commission into Misconduct in the Banking, Superannuation ...

Investment giant appoints global insto lead

HARRISON WORLEY  |  WEDNESDAY, 12 JUN 2019
... firm's top institutional clients and grow its client service reputation. Lochhead first joined PGIM - a subsidiary of Prudential Financial - in 2016, after an 11 year career at Russell Investments, where he was a regional director. His new post will ...

Super fund set to hike fees

HARRISON WORLEY  |  WEDNESDAY, 12 JUN 2019
... charges members between 0.15% and 0.17% depending on the investment option each member has selected. Last week the prudential regulator, APRA, said it expected super funds to do the right thing by members when recovering the costs of implementing the ...

Passing Protecting Your Super costs should be fair: APRA

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
... right thing by members when recovering the costs associated with implementing the Protecting Your Super reforms. The prudential regulator recently updated its Frequently Asked Questions page, urging trustees to keep in mind the best interests of members ...

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
... saves nine, Chris. A small 25 basis point reduction in borrowing costs - especially perfectly timed with the Australian Prudential Regulations Authority's (APRA) announcement its ditching its minimum 7% serviceability interest rate banks are required ...

Regional Australia Bank and Holiday Coast merge

ELIZABETH MCARTHUR  |  FRIDAY, 31 MAY 2019
... board. The transfer of business will take place from the start of July, subject to regulatory approval by the Australian Prudential Regulatory Authority, with systems migration to follow in the months thereafter. No resolution has been passed for the ...

Industry funds temper inflows post-Royal Commission

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
... Commission had minimal impact on industry fund inflows as reflected in APRA's latest superannuation statistics. The prudential regulator's March 2019 figures show retail super funds ($623.4bn) grew by 5.8% over the quarter, while industry funds' ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... collapse in 1997/98, the US recession in 2001 and the Global Financial Crisis in 2008. Not only that, the Australian Prudential Regulations Authority's (APRA) announcement it is ditching its minimum 7% serviceability interest rate banks are required ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... more. Not only that, a small 25 basis point rate cut - especially when it comes perfectly timed with the Australian Prudential Regulations Authority's (APRA) announcement it is ditching its minimum 7% serviceability interest rate banks are required ...