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Showing 41 - 50 of 1077 results for %22Insurers%22

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... it harder to pass such expenses on to clients. About 200 global asset owners canvassed, which include pension funds, insurers, and endowments, reveal that they find it hard to implement material increases in flat fees for institutional clients via non-fee ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
Among other companies to confirm their involvement, a second US pension fund has notified members their personal information was stolen in the same breach impacting members of CalPERS. The California State Teachers Retirement System (CalSTRS) told members ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... of superannuation trustees responded positively. In contrast, authorised deposit-taking institutions (ADIs) and life insurers were more favourable, with affirmative responses of 68% and 67% respectively. The survey further highlighted disparities in ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... exploratory scenario (SWES) exercise which aims to review shocks that prompted the instability. The BoE said large banks, insurers, central counterparties, and a variety of funds including pension funds, hedge funds, and funds managed by asset managers ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... on retirement solutions, but it will require industry collaboration to implement the changes needed. In my view, life insurers have an important role in guaranteeing income for life, to deliver certainty for Australians, many of whom are too afraid to ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... mandate requires a strong focus on financial system resilience by ensuring the financial safety and soundness of banks, insurers, and superannuation entities. However, APRA does not pursue a zero-failure objective. APRA cannot eliminate the risk that ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... advice for the meantime. "The recommendations that would have slashed consumer protections for advice provided by banks, insurers and fund managers were criticised by a broad range of stakeholders, including academics and independent financial advisers. ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... holding representatives to an appropriate duty. Stream Three will examine the role for other institutions such as banks and insurers. "As Treasury is working on implementing the recommendation for superannuation funds to provide more advice, it will ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
... statement of expectations for APRA which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is explicit in requiring the regulator to consider risks related to climate change as ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
Finalising new prudential standards, APRA is aiming to bolster banks, insurers, and superannuation trustees' resilience against future financial crises. APRA hopes the new standards will equip these financial entities with strategies to counteract threats ...