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Showing 61 - 70 of 1253 results for "Prudential"

APRA acknowledges need to reduce regulatory burden

JAMIE WILLIAMSON  |  THURSDAY, 26 JUN 2025
Thirty-four percent of the entities regulated by APRA feel changes made to the prudential framework failed to adequately consider the increased costs imposed on the industry, while 33% say the compliance burden outweighs the benefits. Those are some ...

ASFA, JANA release draft guidance on operational due diligence

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
... asset consultant JANA have released a draft guidance note on investment management operational due diligence ahead of Prudential Standard CPS 230 Operational Risk Management. Shaped through consultation with the industry, key updates to the draft guidance ...

SMC backs principles-based approach to corporate governance

ANDREW MCKEAN  |  MONDAY, 23 JUN 2025
... oversight, risk management, and accountability, warning against a 'tick-the-box' approach in its submission to the prudential regulator's Governance Review. "SMC supports changes in the prudential standards that aren't overly prescriptive and continue ...

APRA plans to remove 'unnecessary obstacles' for longevity products

ANDREW MCKEAN  |  THURSDAY, 12 JUN 2025
APRA has proposed changes to its prudential framework for annuities, committing to removing unnecessary obstacles to the development of more "innovative" and "competitively priced" longevity products. The regulator identified two issues with its existing ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... been instructed to undertake a "special purpose engagement," as APRA asks all trustees to review their compliance with Prudential Standard CPS 234 Information Security. After some super funds were targeted by cybercriminals in April, the prudential regulator ...

Industry funds feast, retail funds snack, corporate funds freefall

ANDREW MCKEAN  |  THURSDAY, 29 MAY 2025
... funds added $45.6 billion, while corporate funds continued their retreat, shedding $10.3 billion, according to the prudential regulator. Self-managed super funds (SMSFs), meanwhile, banked $26.1 billion, as of 31 March 2025. Industry funds command $1.49 ...

ASFA, EY release guidance on CPS 230

ELIZA BAVIN  |  THURSDAY, 22 MAY 2025
... Australia (ASFA) and EY have released guidance to help superannuation trustees navigate key aspects of APRA's new prudential standard, CPS 230. CPS 230 will come into effect on July 1, making super trustees responsible for operational risk management ...

Mercer Super recruits whistleblower as risk chief

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
... sustainability of its investment options. The fund agreed to work on its risk management culture and practices after the prudential regulator intervened. Gentilin replaces an interim chief risk officer who was appointed following the departure of Norlena ...

Apex awarded $2.3bn fund admin mandate

MATTHEW WAI  |  MONDAY, 14 APR 2025
Apex Group has been appointed to provide fund administration and transfer agency services for four retail products of an Australian credit manager, effective today. Mutual Limited will transition administration of the Mutual Cash Fund, Mutual Income ...

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
The Australian Prudential Regulatory Authority (APRA) has accepted a Court Enforceable Undertaking (CEU) from ANZ to address ongoing weaknesses in the bank's non-financial risk management practices and risk culture. APRA also increased the capital add-on ...