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Showing 711 - 720 of 1611 results for "Prudent"

Going good but there are risks

BENJAMIN ONG  |  MONDAY, 6 MAR 2017
The just-released "OECD Economic Surveys, Australia" provided a pretty growth picture of the domestic economy, forecasting GDP growth of 2.6% this year and 3.1% in 2018 - one that would lower the current jobless rate from 5.7% (January 2017) to 5.5% ...

Industry realigns for climate change

ALEX BURKE  |  TUESDAY, 21 FEB 2017
Australia's financial services industry and regulators no longer broadly consider climate change to be a separate, distant or "non-financial" issue. APRA member Geoff Summerhayes' speech on the topic at the Insurance Council of Australia Annual Forum ...

US investment giant builds out Sydney team

ALEX BURKE  |  THURSDAY, 16 FEB 2017
The private capital arm of a $1 trillion US investment manager has set up shop in Sydney with a local investment team. Pricoa Capital Group, a subsidiary of Prudential Financial's investment management business PGIM, already has a $3 billion portfolio ...

APRA urges banks to raise capital

EMMA RAPAPORT  |  MONDAY, 13 FEB 2017
Capital standards should be set so that the capital ratios of deposit takers are unquestionably strong, according to ARPA chairman Wayne Byres. Speaking at the A50 Australian Economic Forum in Sydney on Friday, Byres outlined the APRA's agenda for 2017 ...

CSC contributes to global ESG think tank

DARREN SNYDER  |  FRIDAY, 23 DEC 2016
... as much as we advocate for optimal corporate governance practices in the companies we invest in, we also desire to see prudent governance practices by asset managers, such as investment theses that are not driven by short-termism and executive compensations ...

Landmark ESG recommendations for Australia

DARREN SNYDER  |  TUESDAY, 20 DEC 2016
For the first time in its 10-year history, the United Nations-supported Principles for Responsible Investment is publishing several ESG recommendations specifically targeted at Australian fiduciaries. The document, Fiduciary Duty in the 21st Century ...

New product simplifies APRA reporting

JAMIE WILLIAMSON  |  MONDAY, 12 DEC 2016
A global technology firm is providing an automated compliance reporting solution for financial services organisations in accordance with APRA security guidelines. Tenable Network Security has developed the solution which will assist management, security ...

Aussie super funds building world-class investment teams

JAMIE WILLIAMSON, DARREN SNYDER  |  THURSDAY, 8 DEC 2016
... being a rare exception. PwC said super funds are "required to have an investment governance framework in place based on prudent investment principles, including diversification." The report suggests that best practice would be funds that leverage flexible ...

Super disputes kept aside in Treasury review

DARREN SNYDER  |  WEDNESDAY, 7 DEC 2016
The superannuation industry backs Treasury's call to retain a separate external dispute resolution body. Association of Superannuation Funds of Australia chief executive Martin Fahy said the group welcomed Treasury's interim report of the financial ...

Life insurance legacy faces more scrutiny

DARREN SNYDER  |  THURSDAY, 1 DEC 2016
Australia's life insurance regulator is renewing calls to rationalise legacy products that have plagued the industry with poor consumer outcomes and operational complexities. APRA member Geoff Summerhayes told a parliamentary inquiry on the life insurance ...