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Showing 871 - 880 of 1255 results for "Prudential"

Regulators on post-Trio watch

BEN COLLINS  |  THURSDAY, 2 AUG 2012
... structural changes we have made in the organisation," he said, speaking on a panel comprised of ASIC and Australian Prudential Regulation Authority representatives. "ASIC quite understandably has had to deal with collapses - a lot of bodies that have ...

Kinks in Stronger Super armour

MELANIE TIMBRELL  |  MONDAY, 23 JUL 2012
... had further criticism for Stronger Super, arguing there was an undue focus on the wrong kinds of risk in APRA's draft prudential guidelines released earlier this year. "It's all about fighting the last war," Harman said, saying the guidelines carry 21 ...

APRA warns trustees about data integrity

BEN COLLINS  |  FRIDAY, 13 JUL 2012
The Australian Prudential Regulation Authority has written to superannuation fund trustees to outline its expectations on data integrity requirements, warning that while there has been some improvement, funds still have a good way to go before the industry ...

Trio fraud victims demand compensation

ALEX DUNNIN  |  THURSDAY, 5 JUL 2012
... not receive the same protections as fraud victims in regulated funds that were required to follow much more onerous prudential and compliance operating standards. "In the case of Trio, it is a different situation," he said. "It is disingenuous for anyone ...

AFS appoints regional manager

LINDA HAUSKEN  |  MONDAY, 2 JUL 2012
... effective growth strategies. Nugent has also held a number of senior management roles in companies such as AMP, AXA, Prudential, Rothschild and Macquarie Bank. Phil Burke, chief executive officer of Australian Financial Services Group said, "This appointment ...

SPAA brands SuperStream costs illogical

LINDA HAUSKEN  |  WEDNESDAY, 27 JUN 2012
... this increase will collect $9.4 million or $20 per SMSF or $10 per SMSF member, still well above what each Australian Prudential Regulation Authority member will pay. Despite concerns with calls to change the SuperStream levy arrangements, Slattery said ...

Trio investor secures damages from adviser

BEN COLLINS  |  FRIDAY, 8 JUN 2012
... approximately $180 million in the Trio fraud. Only those who invested in Trio through a fund regulated by the Australian Prudential Regulation Authority (APRA) have been eligible for Federal Government compensation.

Local DMA providers hit back

MELANIE TIMBRELL  |  WEDNESDAY, 6 JUN 2012
... misrepresentations being made on the use of client money to hedge positions. Australian direct market access (DMA) providers First Prudential Markets and AxiCorp Financial Services have argued the introduction of proposed changes to restrict use of client ...

APRA: Third line of defence in Trio-style fraud

BEN COLLINS  |  FRIDAY, 1 JUN 2012
While accepting that the Australian Prudential Regulation Authority could have done more, deputy chairman Ross Jones has moved to distance the regulator from the Trio disaster, placing the blame with trustees and auditors. "APRA's prudential supervision ...

APRA releases final form prudential standards

LINDA HAUSKEN  |  FRIDAY, 1 JUN 2012
The Australian Prudential Regulation Authority has released a set of prudential standards in final form, and a response paper as part of its review of capital standards for general and life insurers. The aims of Australian Prudential Regulation Authority's ...