|Search Results||Showing 1 - 10 of 41 results for "Geoff Summerhayes"|
|... around $3.4 billion over the past five years through the sale of DII to individuals. APRA executive board member Geoff Summerhayes, at the time, said life companies had kept premiums at unsustainably low levels and policy features were too generous.|
|... consistency, reliability, comparability and timeliness. APRA welcomed the new guide with executive board member Geoff Summerhayes labeling it as a valuable took that will support ASX listed entities, and others, in their management and public disclosure ...|
|... major reinsurer indicating it was no longer prepared to reinsure individual DII, APRA executive board member Geoff Summerhayes said there is now a genuine risk insurers may start withdrawing from the market. "Disability income insurance plays a vital ...|
|... imposed $500 million additional capital requirements on each of ANZ, NAB and Westpac. APRA executive board member Geoff Summerhayes said the self-assessments proved the issues in CBA's risk governance work were not only common among Australia's banks ...|
|... issue, APRA chair Wayne Byers - appearing by phone from Sydney alongside deputy chair Helen Rowell, member Geoff Summerhayes and general counsel Warren Scott - said several recent reviews had asked more from the regulator, stretching its resources. "So ...|
|... publishing higher-quality, more consistent and transparent life insurance data. APRA executive board member Geoff Summerhayes said the regulator's joint work represented their commitment to industry transparency. "This project represents a joint ...|
|... acknowledging much has changed since then, is now consulting the industry on the matter. APRA executive board member Geoff Summerhayes said: "Australia's banks, insurers and superannuation funds are major targets of cyber-crime, and the risk is accelerating ...|
|... extensively with industry, which led to the publication of the standard's final form. APRA executive board member Geoff Summerhayes said cyberattacks on Australia's financial services companies are becoming more sophisticated with time. "A significant ...|
|... regulator of super funds, McVeigh's new claim quotes a speech delivered by APRA executive board member Geoff Summerhayes in 2017 in which he said climate change risks are "foreseeable, material and actionable now." Environmental Justice Australia ...|
|... emissions reduction target. The lack of improvement in climate risk disclosure comes a year after APRA member Geoff Summerhayes warned organisations that climate risk is distinctly financial in nature. It also demonstrates a failure to respond to the ...|
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Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
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Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
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.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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