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Showing 451 - 460 of 1822 results for "APRA."

APRA champions flexible financial technology regulation

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
APRA chair Wayne Byres has espoused the importance of getting the Australian regulatory balance right with a clear plan, flexible approach and coordinated response. In a speech to the American Chamber of Commerce in Australia, Byres said that global ...

Australian Ethical, Christian Super explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 6 APR 2022
After having been directed to merge by APRA, Christian Super has signed a Memorandum of Understanding to do so with Australian Ethical. In a statement to the ASX, Australian Ethical said the two parties are undertaking due diligence to explore possible ...

Super fund restructures, adds new roles

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
An industry superannuation fund is consolidating its member service and marketing functions in a restructure that sees the addition of some new roles and the departure of a longstanding executive. Legalsuper is integrating member service and marketing ...

Thirty-eight super funds face sustainability issues: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
APRA has named the superannuation funds it believes face immediate sustainability issues, with 38 of 78 funds declining on all metrics measured. APRA looked at the three sustainability metrics in the 2021 MySuper and Choice heatmaps; member accounts ...

APRA suspends IDII work, "disappointed" in industry

ELIZABETH MCARTHUR  |  FRIDAY, 25 MAR 2022
APRA has suspended its work on individual disability income insurance, which was causing huge losses to insurance companies, expressing disappointment in the industry's response. The regulator first announced it was intervening on IDII products in 2019 ...

More Diversa super products to wind up

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
Citing members' best interests, the trustee is closing several of OneSuper's sub-plans due to lack of scale. Diversa Trustees' OneSuper, formerly known as Smartsave, is home to 14 superannuation offerings including Allan Gray Superannuation ...

New hire salaries skyrocket: Recruiter

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
About 77% of Australian employers intend to increase starting salaries for new hires by 10% - but financial services institutions are offering up to 30% more to get candidates over the line. Latest insights from Robert Half show larger organisations ...

Disclosure lacking in common ownership: Committee

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
The House of Representatives Standing Committee on Economics has recommended greater disclosure obligations for institutional investors and proxy advisors and for the ACCC to actively monitor common ownership in Australia - all the while sharing little ...

Super mergers only beginning: J.P. Morgan

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
We've only seen the start of consolidation in superannuation, with mergers to accelerate, according to a new survey from J.P. Morgan. J.P. Morgan's inaugural Future of Superannuation Report interviewed 12 super fund leaders, who collectively manage ...

Hejaz Financial Services partners with outsource Financial

CHLOE WALKER  |  FRIDAY, 11 MAR 2022
The partnership will enable Hejaz to provide Australian Muslims with better access to its range of Sharia-compliant services and products. In recent research, Hejaz found that 36% of Australian Muslims do not have a savings account and 46% reluctantly ...