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Search ResultsShowing 1 - 10 of 100+ results for "APRA"
Climate change-focused fund introduced
RACHEL ALEMBAKIS  |  WEDNESDAY, 2 DEC 2020
... growing recognition among Australian investors of the risks and opportunities that arise from climate change. "Combined with APRA's 2021 plans that will require super funds to perform vulnerability assessments of the potential physical impacts of a changing ...
Council of Financial Regulators monitors ASX, cybersecurity
ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
... operational outage recently and have endorsed a plan for cybersecurity. The Council of Financial Regulators, consisting of APRA, ASIC, Treasury and the Reserve Bank of Australia (RBA), met for its quarterly meeting and acknowledged member concern on ...
New internal audit guide for finance sector
KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... Institute of Internal Auditors (IIA) has released The Better Practice Guide, which was developed with the help of regulators APRA and ASIC, as a principles-based document to help govern financial services. IIA's financial services committee, which ...
Mercer restructures fees, asset allocation
KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... inquiry pulled up Mercer chief executive for Australia and Pacific zone leader David Bryant about the red heatmap rating APRA slapped across several high admin fee products. At the time, Bryant told Leigh that the super fund is in the process of implementing ...
QSuper bets on new retirement product
KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... conceived because he worries about the significant risks retirees face: running out of money or having to live frugally. APRA June 2019 data shows that an overwhelming number (83%) of accounts in retirement phase are in account-based pensions that do ...
APRA takes action against Westpac
JAMIE WILLIAMSON  |  TUESDAY, 1 DEC 2020
... and loan products for the purposes of calculating the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR), APRA said. According to Westpac's September 2020 Pillar 3 report, the bank had an LCR of 151% as at September 30, and an NSFR ...
Life insurance performance plummets
ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
... take a hit to profit, with risk products reporting significant losses. The Australian Prudential Regulation Authority's (APRA) latest quarterly life insurance performance statistics paint a bleak picture with net profit after tax down 95.6% to $18 million ...
Australian Sustainable Finance Initiative launches
RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
... 80 organisations, including financial institutions, civil society, academia, regulators and government, and supported by APRA and ASIC, in observer roles. "I think the process we went through to develop the roadmap, being really collaborative, really ...
Retail superannuation funds grilled on member priorities
KARREN VERGARA  |  TUESDAY, 24 NOV 2020
A parliamentary inquiry has again cast doubt over retail superannuation funds' ability to put the best financial interests of members ahead of profit and shareholders. The most recent Standing Committee on Economics into super heard instances of ...
Super sneaks back to $3tn in assets
ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... Superannuation assets totaled $2.9 trillion at the end of the September 2020 quarter, according to the latest statistics from APRA. Despite the effects of the government's early release of super scheme, coupled with market volatility and a sharp economic ...
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