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Showing 641 - 650 of 1611 results for "Prudent"

APRA urges super funds to examine board skills

HARRISON WORLEY  |  FRIDAY, 18 MAY 2018
The prudential regulator is asking superannuation fund licensees to reconsider whether board members contain the requisite mix of skills and capabilities to fulfil their role. The regulator sent all registrable superannuation entities (RSEs) a letter ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
APRA has accepted an Enforceable Undertaking from Commonwealth Bank, having determined the bank's operational risk management framework "worked better on paper than in practice." Releasing the final report of its prudential inquiry into CBA, the regulator ...

US project to end pension politics

KANIKA SOOD  |  MONDAY, 30 APR 2018
... American non-profit - led by a former state treasurer - is demanding pension plan managers stop putting politics before prudent investment. The Institute for Pension Fund Integrity (IPFI) says if a fund manager is investing pension money based on political ...

MLC, Colonial First State make key appointments

JAMIE WILLIAMSON  |  WEDNESDAY, 18 APR 2018
The acting general manager of product at Colonial First State will join MLC to lead its wealth products and platforms division. CFS and MLC have confirmed that Sam Wall will join MLC in May as general manager, wealth products and platforms. Wall succeeds ...

Executive pay structure still fuels risk-taking: APRA

KANIKA SOOD  |  WEDNESDAY, 4 APR 2018
Australia's largest financial institutions still remunerate senior executives in a way that encourages risk-taking and undermines long-term financial health - but RSE licensees may be doing a better job than their peers, APRA said today. The findings ...

New insurance lead at industry fund

JAMIE WILLIAMSON  |  WEDNESDAY, 4 APR 2018
An $89 billion industry superannuation fund is welcoming a new head of insurance. David Evans has joined First State Super, replacing Sarina Aarons in the role. "David has extensive experience within insurance holding both executive and senior positions ...

Chief economist update: Home cooling

BENJAMIN ONG  |  WEDNESDAY, 21 MAR 2018
The Australian Bureau of Statistics (ABS) released figures showing that the annual growth rate in Australian residential property prices continued to ease in the December 2017 quarter. The "weighted average of eight capital cities" residential property ...

Aussie asset manager dives into Spanish water market

DARREN SNYDER  |  MONDAY, 19 MAR 2018
... invest in a fast growing, international leader in water management." "We admire the company's strategy of ambitious but prudent growth outside of its domestic market and its commitment to customer service. We look forward to contributing our expertise ...

Super industry wants tougher insurance code

KARREN VERGARA  |  MONDAY, 19 MAR 2018
Industry stakeholders expect 90% of Australia's superannuation funds to sign the Insurance in Superannuation Voluntary Code of Practice before March 31, despite its several shortcomings. ANZ, AustralianSuper, MLC, MTAA Super, REST Industry Super and ...

AIST names Governance Code panel

JAMIE WILLIAMSON  |  THURSDAY, 15 MAR 2018
A former APRA general manager will chair the Australian Institute of Superannuation Trustees' new Governance Code Monitoring Panel. Greg Brunner has been appointed to chair the panel that will oversee the Governance Code coming into effect on July 1 ...