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Showing 461 - 470 of 1611 results for "Prudent"

APRA locks in mid-year heat map update

HARRISON WORLEY  |  THURSDAY, 19 MAR 2020
APRA has committed to releasing an updated portion of its controversial MySuper heat map in June to reflect the actions of superannuation trustees over the seven months since its initial release. The prudential regulator is set to release an updated ...

Sunsuper Labor donations rile Bragg

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
A Sunsuper donation of $11,000 to the Australian Labor Party has come under intense scrutiny in a Senate committee hearing. Appearing before the Senate Economics Legislation Committee, APRA deputy chair Helen Rowell was grilled by Liberal Senator Andrew ...

Shape up on climate change risk: APRA

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
In a letter to all entities it regulates, APRA has said the effects of climate change are being transmitted directly as well as indirectly. APRA will develop a climate change financial risk prudential practice guide, which it says will not be intended ...

APRA introduces annual stress-testing

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
Authorised deposit-taking institutions are in need of ongoing improvement in stress testing for all entities, according to APRA's review of 28 ADIs. The regulator said all ADIs should review their internal stress testing frameworks after the findings ...

Regulators praise super law reform

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have jointly welcomed the proposed legislative reforms increasing the role of ASIC in the superannuation industry. The proposed changes ...

Calls for disability insurance reform

ELIZA BAVIN  |  MONDAY, 10 FEB 2020
The Actuaries Institute has called for urgent reform of Australia's $5 billion disability income insurance sector. The institute said it has established a taskforce saying that failure to implement significant changes will reduce consumer access to ...

New MySuper outcomes tool set for release

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
A new tool will be released on Monday allowing trustees of superannuation funds to compare the outcomes of their MySuper option with those of their competitors. Superannuation investment solution provider Trustee Tailored Super (TTS) is planning to ...

Major life insurers continue to suffer

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
The hits keep coming for Australia's life insurance industry, with new data showing total risk premiums inflows dropped by more than $790 million in the 12 months to September 2019, as major players endured another tough year. Australia's life insurance ...

Government opens BEAR extension consultation

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
More than a year after it was recommended by Commissioner Kenneth Hayne, the government has taken steps to extend the Banking Executive Accountability regime to include super funds and other APRA-regulated entities. Set to be known as the Financial ...

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... MySuper product. It alleges MLC Nominees and NULIS failed to exercise the degree of care, skill and diligence required of a prudent super trustee and that they did not perform their duties and exercise their powers in the best interest of beneficiaries. ...