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Showing 71 - 80 of 2682 results for "Practices"

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... levy will also be used for "intense scrutiny of fund-level expenditure to hold RSE licensees accountable for improving practices, reducing spending that is deemed not in members' best financial interests and promoting the financial interests of their ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
... reflects the latest TPD risk profile. On this matter, APRA emphasised the importance of robust reserving and pricing practices, so assumptions keep pace with the latest claims experience and emerging risk trends. ASIC said insurers must continue to handle ...

Financial services failing to provide consistent outcomes: AFCA

MATTHEW WAI  |  FRIDAY, 22 MAY 2026
... oversight mechanisms and responses to vulnerability function in practice," AFCA said. AFCA presented what appropriate practices would look like to avoid the issues. Some of those metrics included clearer operational control for consistent implementation ...

Feature: Private credit | The fine print

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
... wholesale funds in a bid to calibrate baseline data needs across the sector. It also plans to address areas of poorer practices within wholesale private credit funds. Torrington says a lot of the money going into private credit is also coming through ...

UniSuper pilots' digital estate planning partnership with Safewill

VINNY VUCAGO  |  THURSDAY, 21 MAY 2026
... additional legal advice through Safewill Legal for a $199 fee. Safewill said the platform uses encryption and privacy practices compliant with the Australian Privacy Act to protect member information, while completed Wills are reviewed by affiliated ...

APRA sharpens oversight, flags tech and geopolitical risks

VINNY VUCAGO  |  THURSDAY, 21 MAY 2026
... disruptions. However, APRA warned heightened uncertainty globally required stronger vigilance and more robust risk management practices across regulated entities. APRA chair John Lonsdale said strong capital positions, liquidity buffers and prudential ...

Buyer beware: Private credit as a defensive play

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... sector is facing unprecedented regulatory scrutiny in which regulator ASIC has put product providers on notice for opaque practices and transparency issues, particularly around fees. To help address this, Danieli said advisers should consider the "first ...

Super funds get ahead of proposed minimum service standards: KPMG

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... APRA-regulated superannuation funds in early 2025, forced to take action on widespread administration and back-office practices. One high profile example is Cbus paying a nearly $24 million fine for the lengthy delay of death benefit payments. The government ...

Combating modern slavery difficult but not impossible: RIAA

KARREN VERGARA  |  MONDAY, 18 MAY 2026
... employers that do not issue or provide misleading payslips, deny superannuation payments and pay in cash all aid in practices that are indicators of "modern slavery." Financial Standard is the official media partner of the 2026 RIAA Conference.

NZ Super 'accepts' court loss, updates policy

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... policy documents in recent years had not, however, materially changed the Guardians' actual engagement and exclusion practices. The policy changes come after New Zealand's High Court ruled against the nation's super fund in April, finding some ...