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Showing 811 - 820 of 1613 results for "Prudent"

ASFA concerned about board governance timeline

DARREN SNYDER  |  TUESDAY, 4 AUG 2015
The Association of Superannuation Funds of Australia (ASFA) is concerned about the timeframe for approving transition plans to have at least one-third independent directors on super fund boards. In a letter to the Australian Prudential Regulation Authority ...

APRA workload for boards does not rate

DARREN SNYDER  |  FRIDAY, 31 JUL 2015
Meetings between the Australian Prudential Regulation Authority (APRA) and company boards are considered good value yet the workload placed on boards by the regulator does not rate highly. This is the view of more than 450 directors from deposit-taking ...

Industry giants ramp up adviser ethics training

LAURA MILLAN  |  TUESDAY, 28 JUL 2015
Financial planners from Australia's top financial institutions will receive ethics and moral psychology training, following major scandals in their advice divisions. AMP, Macquarie Bank, ANZ, Commonwealth Bank and BT Financial Group have developed and ...

Super board changes could cost funds $20m a year

LAURA MILLAN  |  FRIDAY, 24 JUL 2015
Appointing independent trustees to the boards of superannuation funds could cost about $20 million only on the first year, the Australian Institute of Superannuation Trustees (AIST) warned. "How can these costs be justified when there is no evidence ...

Banks need to increase capital ratios: APRA

DARREN SNYDER  |  MONDAY, 13 JUL 2015
The Australian Prudential Regulation Authority (APRA) believes the country's major banks will need to increase capital adequacy ratios by at least 200 basis points to be comfortably positioned in the top quartile of international peers. In response ...

SMSFs gear up for advice

DARREN SNYDER  |  MONDAY, 13 JUL 2015
... these preliminary findings show, SMSF trustees continue to show a preference for direct investment and are looking for prudent ways to manage risk in uncertain times," Dale said. "While Australian shares and cash continue to dominate portfolios, low ...

Regulator clouding wealth management: PractiFI

DARREN SNYDER  |  THURSDAY, 9 JUL 2015
Weaknesses in outsourcing wealth management via cloud technology or shared computing services - as identified by the Australian Prudential Regulation Authority (APRA) - have sparked an impassioned response. On Monday APRA released an information paper ...

Class expands in the SMSF cloud

DARREN SNYDER  |  WEDNESDAY, 8 JUL 2015
... shared computer services continually evolve, APRA is encouraging ongoing dialogue with industry participants to ensure prudent practices are in place and risks are adequately mitigated. "Low risk usages are those involving IT assets with low criticality ...

Clydesdale sell-off still NAB priority

ALEX BURKE  |  TUESDAY, 7 JUL 2015
NAB's sale of Clydesdale Bank remains a priority during the calendar year. In a statement to the ASX, NAB said that the 70-80% Clydesdale demerger to shareholders (and IPO of the remainder) will "enable a greater focus on building a stronger Australian ...

Super funds clash on board independence

DARREN SNYDER  |  FRIDAY, 26 JUN 2015
Both retail and industry superannuation funds have mixed responses to a federal government proposal that would see an increase of independent directors on fund boards. BT Financial Group believes increasing the number of independent directors will create ...