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Showing 471 - 480 of 1253 results for "Prudential"

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
The prudential regulator cautioned against the use of a sole measure to determine whether an underperforming superannuation fund should retain MySuper authorisation. In its latest submission to the Productivity Commission on superannuation's competitiveness ...

Socio-economics dictate insurance needs of young Aussies: Insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
... complex and the ability for the industry to execute these changes by 1 July 2019 involves a very high likelihood of prudential and operational risk, operational failure and errors for superannuation funds and fund members."

APRA tells banks to prepare for financial storm clouds

HARRISON WORLEY  |  THURSDAY, 12 JUL 2018
The chairman of Australia's prudential regulator wants banks to take advantage of a relatively good climate and build financial resilience before storm clouds form. Speaking at an Australian Business Economists lunch yesterday, APRA chairman Wayne Byres ...

Disability income insurance an ongoing concern: APRA

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
Disability income insurance (DII) continues to be a loss-making venture for life insurers as the prudential regulator undertakes a comprehensive review of its sustainability, pricing and the actual benefits delivered to policyholders. Otherwise known ...

Cash is cash, APRA tells super funds

KANIKA SOOD  |  MONDAY, 2 JUL 2018
The prudential regulator has chided superannuation funds for investing members' funds held in cash options into non-cash securities like bonds and hybrid debt instruments among others. APRA's review found cash options had exposure to asset-backed ...

SMSFs missing out on returns

KANIKA SOOD  |  WEDNESDAY, 6 JUN 2018
... post-tax investment return a SMSF investor would have achieved if they invested in the same way the typical Australian Prudential Regulation Authority (APRA) regulated MySuper product invests. How do SMSFs diversify right now? Australia had 593,000 SMSFs ...

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
... clarity as to accountabilities. "We have started implementing our response to the recommendations provided to us by our prudential regulator, APRA, to ensure our governance, culture and accountability frameworks and practices meet the high standards ...

Chief economist update: Building approvals on a slowing trend

BENJAMIN ONG  |  THURSDAY, 31 MAY 2018
... deceleration in the housing market should provide comfort to both the Reserve Bank of Australia (RBA) and the Australian Prudential Regulation Authority (APRA). Ben Ong is the Director of Economics and Investments at Rainmaker Group. He previously worked ...

Second APRA deputy chair nominated

HARRISON WORLEY  |  WEDNESDAY, 30 MAY 2018
The prudential regulator has welcomed the nomination of an additional deputy chair and the reappointment of Helen Rowell. The Federal Government reappointed Rowell as APRA deputy chair with a new five-year term set to begin on July 1. The end of the ...

APRA tells super funds to improve conflict of interest management

HARRISON WORLEY  |  WEDNESDAY, 30 MAY 2018
... for Registrable Superannuation Entity (RSE) licensees and its recommendations were recently released. Chief among the prudential regulator's recommendations was a call for greater focus by superannuation licensees on administering outsourcing arrangements ...