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Showing 931 - 940 of 1614 results for "Prudent"

FEATURE: Facing the perfect storm

LAURA MILLAN  |  FRIDAY, 28 MAR 2014
Australia's life insurance sector has experienced an increase in claims and policy lapses in the last few years. The confluence of factors pressuring the group and retail insurance market has created a perfect storm that has seen insurers' profits plummet. ...

Industry pushes for more consumer protection under FoFA

LAURA MILLAN  |  TUESDAY, 25 MAR 2014
... interests of consumers." Financial Services Council chief executive John Brogden described the government's moves as "prudent and sensible." He said that "there has been a lot of white noise and misinformation on what the proposed FoFA refinements mean ...

AllianceBernstein appoints MD of insto relationships

JAMES FERNYHOUGH  |  THURSDAY, 20 MAR 2014
Global asset manager AllianceBernstein has appointed Sasho Bogoevski as the new managing director, institutional relationships in the Australian branch of the business. Bogoevski will relocate to Sydney after 10 years in AllianceBernstein's London-based ...

APRA gets Basel III tick

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
The Basel Committee on Banking Supervision has graded Australia's capital regulation framework as 'Compliant' with the Basel III standards. Australia's is the eighth regulatory framework to be graded by the Basel Committee. Others include the United ...

Regulators must enforce rules, not write them: Brogden

JAMES FERNYHOUGH  |  FRIDAY, 28 FEB 2014
The Murray inquiry must review the role of the financial regulators to ensure that they remain within their remit of regulation enforcement, Financial Services Council (FSC) chief executive John Brogden has said. Speaking at the launch of the FSC/Deloitte ...

When saving goes bad

BENJAMIN ONG  |  FRIDAY, 28 FEB 2014
"As this prudent economy, which some people call Saving, is in private families the most certain method to increase an estate, so some imagine that, whether a country be barren or fruitful, the same method if generally pursued (which they think practicable) ...

Challenger reports record annuities sales

JAMES FERNYHOUGH  |  TUESDAY, 18 FEB 2014
Challenger has reported "exceptionally strong" retail annuities sales in the half year up to December, rising by a record 38% to $1.46 billion. Overall Challenger's retail and institutional sales reached $1.75 billion. In the retail space, 19% of annuities ...

Pressure mounts on super in modern awards

JAMES FERNYHOUGH  |  FRIDAY, 14 FEB 2014
... if the review process is changed shortly after it has commenced." BT said: "We... request that the Commission adopt a prudent approach to its current review process by delaying its formal commencement until the government has settled its policy position ...

APRA to scrutinise group insurance risk

JAMES FERNYHOUGH  |  WEDNESDAY, 12 FEB 2014
Group insurance risk management will be top of the agenda in a number of thematic reviews to be carried out by the Australian Prudential Regulation Authority (APRA), according to the regulator's general manager Greg Brunner. Speaking at the Australian ...

FSC slams 'closed shop' super awards rules

JAMES FERNYHOUGH  |  TUESDAY, 11 FEB 2014
The Financial Services Council (FSC) has urged the government to take superannuation out of modern awards, arguing that the Fair Work Commission (FWC) has no role in determining which funds can be default employer funds. Under the current system, super ...