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Showing 571 - 580 of 1611 results for "Prudent"

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
APRA issued a stern warning to super funds to expect a more assertive and demanding prudential regulator that will crack down on underperformance and poor cooperation. But it is being held back by the long-awaited passage of a Bill. Deputy chair Helen ...

APRA hires former MLC Life executive

KARREN VERGARA  |  TUESDAY, 5 MAR 2019
The former chief customer officer of group insurance at MLC Life Insurance has joined the prudential regulator. APRA confirmed Suzanne Smith has taken on the role of general manager of superannuation for the specialised institutions division. Melbourne-based ...

APRA sets sights on 2019 targets

HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
APRA has outlined its policy focus for the remainder of the year following the Royal Commission. Releasing its annual policy priorities document this week, the prudential regulator said it would build on the work it began last year, while taking into ...

More consolidation to come: APRA

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
Of the 28 funds identified by APRA as candidates for merger in the last 12 months, at least 13 have moved to do so. And a further three could also be headed for the exit door, APRA chair Wayne Byres said. Appearing before the Senate Economics Legislation ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
Kenneth Hayne's recommendation that every Australian have only one default superannuation account over their lifetime doesn't get a complete green tick from industry funds. Visiting Sydney yesterday, Industry Super Australia chief executive Bernie Dean ...

Former Westpac GM joins APRA review

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
A former Westpac general manager and group executive will help lead APRA's capability review. Diane Smith-Gander has joined the three-person panel reviewing the prudential regulator, after the Government agreed to act on Kenneth Hayne's recommendation ...

Royal Commission will worsen credit crunch: Poll

KARREN VERGARA  |  TUESDAY, 12 FEB 2019
The current credit crunch will deepen as a result of the financial services Royal Commission's final recommendations, Financial Standard 's latest spot poll shows. The majority of respondents (64%) agreed Commissioner Hayne's final report ...

Don't fear credit crunch: Deloitte

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
Financial advisers with clients working towards purchasing their first property or starting their own business need not be too concerned with tightened lending policies post-Royal Commission. Speaking at the Financial Standard Chief Economists Forum ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... funds and insurance. Under it, superfunds would have to nominate an accountable person to the regulators. "It would be prudent to enable both ASIC and APRA to seek disqualification of accountable persons if they are satisfied that an accountable person ...

Chief economist update: RBA still in denial

BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2019
... foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates." And then came the cut at its February 2015 meeting, despite ...