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Showing 951 - 960 of 1830 results for "APRA."

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
The 2019-20 Federal Budget's subdued approach has received a similar welcome from the wealth industry. The big players are neither up in arms nor full of praise for the Budget, which was headlined by personal tax cuts and a $7.1 billion surplus ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
Delivering the 2019-20 Federal Budget tonight, Federal Treasurer Josh Frydenberg said the Government has made real progress but there is still work to be done. Off the bat, Frydenberg announced an expected surplus of $7.1 billion - the first surplus ...

Budget: RC response to cost over $600m

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
The Federal Government's response to the Royal Commission into Misconduct in Financial Services is set to cost more than half a billion dollars. The Federal Government has committed $606.7 million over the next five years to facilitate its response ...

Regulators name laggard life insurance providers

KARREN VERGARA  |  MONDAY, 1 APR 2019
While the majority of life insurance claims are paid in the first instance (92%), the wait and resolution times vary significantly across providers, a joint study by the regulators found. AMP (eight months) and Westpac (three months) take the longest ...

Regulators unite for life insurance transparency

HARRISON WORLEY  |  FRIDAY, 29 MAR 2019
A joint project between Australia's financial services regulators has found about 92% of life insurance claims are successful first time round. It has also seen the development of an online comparison tool tracking the performance of life insurers. ...

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
In a letter to trustees APRA has clearly outlined expectations following the Royal Commission. The letter, from APRA deputy chairwoman Helen Rowell, said that the Royal Commission was a pivotal point for the financial services sector - including the ...

Big banks, super funds join forces for sustainability

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
Senior executives of the big banks, superannuation funds, insurance companies and industry bodies have come together for the Australian Sustainable Finance Initiative. The initiative is an unprecedented collaboration with the aim of shaping an Australian ...

APRA consults to combat cyber attacks

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
APRA has invited submissions from all APRA-regulated entities on how the financial services industry can improve information security and protect itself from cyber-crime. The regulatory authority has not updated its information security guidelines since ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
The Federal Government is committing an extra half a billion dollars to Australia's financial services regulators. Over the weekend, Treasurer Josh Frydenberg announced an extra $550 million would be dedicated to ASIC and APRA in the upcoming Federal ...

EQT hires risk and superannuation strategy lead

KARREN VERGARA  |  MONDAY, 25 MAR 2019
Equity Trustees hired a former APRA manager to the newly created role of head of risk and superannuation strategy. Justin Watts joins EQT's growing Superannuation Trustee Office (STO). Watts worked across a range of areas including superannuation, insurance ...