Search ResultsShowing 1 - 10 of 100+ results for "APRA"
What's next for income-focused funds
KANIKA SOOD  |  THURSDAY, 9 APR 2020
... October, while the UK has seen nearly half of its biggest listed companies scrap dividends, according to Link. Closer home, APRA on Wednesday asked banks to focus on their balance sheets instead of appeasing investors with dividends, and Bank of Queensland ...
Will COVID-19 kill the balanced option?
ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... thing that made you successful is often what comes back to bite you and then another factor becomes the new hero overnight." APRA has attempted to cut through the confusion around risk with its Standard Risk Measure (SRM). Although, according to Dunnin ...
COVID-19 to push life premiums up: Rice Warner
HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... the pandemic posed an especially difficult set of challenges for those offering income protection products, noting recent APRA profit margin figures - released pre-COVID-19 - show insurers and reinsurers are bleeding worse than ever before, with a combined ...
Big banks cop a beating
ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ...
Not safe to launch: APRA
HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
APRA will not issue a new superannuation licence any time within the next six months, with the prudential regulator keen to avoid the early failure of new super funds at the hands of COVID-19. APRA has suspended the issuance of new licences to budding ...
Super funds face penalties over early release failures
ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... volatility and other demands on the fund driven by membership changes or payments," Frydenberg said. "Due to government reforms, APRA has a number of tools at its disposal to deal with superannuation funds, including the ability to direct mergers, which ...
Super funds probed on liquidity, rental assistance measures
KANIKA SOOD  |  MONDAY, 6 APR 2020
... estimates from early release vary from $27 billion, according to Treasury, to $40-$50 billion, according to Rice Warner. APRA has already asked superannuation funds to submit their in-house modelling on the extent of withdrawals (to March 1 deadline). ...
Bigger balances, bigger blow: Elia
JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
... a lot of money relative to the size of the fund," he said. Elia also dismissed talk of liquidity issues. Just yesterday APRA and ASIC publicised the fact they had jointly written to super fund trustees to ensure they prioritise liquidity, undertaking ...
Super funds must prioritise liquidity: Regulators
HARRISON WORLEY  |  WEDNESDAY, 1 APR 2020
... superannuation sector has been told in no uncertain terms how it should deal with the ongoing impacts of COVID-19, with ASIC and APRA directing super funds to prioritise liquidity. In a joint letter sent to all registrable superannuation entities, ASIC ...
Super funds asked to model early release impact
KANIKA SOOD  |  TUESDAY, 31 MAR 2020
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation ...
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