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Showing 861 - 870 of 1613 results for "Prudent"

ASIC to scrutinise intra-fund advice

JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
Superannuation funds can expect a higher level of scrutiny of their intra-fund advice operations over the coming year, according to Australian Securities and Investments Commission (ASIC) deputy chairman Peter Kell. Kell said the regulator's increased ...

Super funds must justify not merging: APRA

JAMES FERNYHOUGH  |  MONDAY, 17 NOV 2014
Superannuation funds that decide not to consolidate must justify their decision to the Australian Prudential Regulation Authority (APRA) over the next year, according to APRA member Helen Rowell. Rowell said super funds need to question their own viability ...

Retail MySuper transition too slow: ISA

STAFF WRITER  |  TUESDAY, 11 NOV 2014
Less than half of retail workplace default account balances have been transferred across into MySuper products, raising concerns the slow retail MySuper transition is costing retail super fund members hundreds of millions of dollars in extra fees. Rainmaker ...

APRA releases group insurance best practice guide

JAMES FERNYHOUGH  |  THURSDAY, 30 OCT 2014
The Australian Prudential Regulation Authority (APRA) has released the final prudential practice guidelines providing guidance on good practices for insurers in relation to group insurance arrangements. The 12-page document, known as LPG 270, gives ...

APRA releases draft RSE fraud management guide

ALEX DUNNIN  |  MONDAY, 27 OCT 2014
... will be managed. This should also include how the RSE's whistleblower policy will be handled. "APRA also expects that a prudent RSE licensee would consider how its risk management strategy would effectively communicate, both internally and externally ...

Hastings grows London and New York offices

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
Global infrastructure manager Hastings has made three senior appointments in its London and New York offices and has now more than 35% of its staff covering the European and North American markets. Daniel Lee has joined Hastings' global investment team ...

Custodians make managers more accountable: BNP Paribas

JAMES FERNYHOUGH  |  FRIDAY, 17 OCT 2014
... wide range of strategies, which the super fund picks based on a long-term risk-return strategy. Gayer argued the most prudent course of action is to stick to that strategy, which means fund managers must also stick to theirs. But one potential enemy ...

EY appoints Oceania banking and capital markets leader

STAFF WRITER  |  WEDNESDAY, 15 OCT 2014
EY has appointed Melbourne partner Tim Dring to the role of Oceania banking and capital markets leader. Dring has over 20 years' experience in auditing and advising financial services organisations, with a strong emphasis on the retail banking and insurance ...

MyState Financial becomes MyState Bank

MARK SMITH  |  TUESDAY, 7 OCT 2014
Listed banking and wealth management group MyState Limited has changed the name of its Tasmanian-based banking subsidiary, MyState Financial, to MyState Bank, following approval from the Australian Prudential Regulation Authority (APRA). The company ...

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
The release of the first set of MySuper data has fuelled the ongoing stoush between the retail and industry superannuation sectors. The Financial Services Council (FSC) claimed that the figures, released yesterday by the Australian Prudential Regulation ...