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Showing 1 - 10 of 1161 results for "Prudential"

Choice products continue to overshadow MySuper: APRA

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
... particularly among choice product offerings," APRA deputy chair Margaret Cole warned earlier referring to the issue. The prudential association has called for a more robust product governance needed to be placed. "This includes determining an appropriate ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... greater potential than before to amplify shocks in the financial system". The RBA said for these reasons, the Australian Prudential Regulation Authority is stepping up the intensity of its supervision of superannuation funds. Australia's super sector ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
The Australian Prudential Regulation Authority (APRA) has put superannuation platform products under the microscope, saying their higher fees and costs are eroding members' retirement savings. Platform TDPs charged higher administration fees and costs ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... competition in the mortgage market and made homeownership less accessible. "This 'belt and braces' approach to macro-prudential restrictions is needlessly restrictive and increasingly limits lending only to those that already own at least one home, pursuing ...

Too much being asked of super trustees: Levy

ELIZA BAVIN  |  FRIDAY, 30 AUG 2024
... for housing. "We are asking super funds to do too much to solve all the challenges that are out there. In my view, prudential standards have multiplied expectations and obligations that sit with trustees," Levy said. "It makes almost no sense. We have ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The Australian Prudential Regulation Authority (APRA) has published its latest corporate plan as well as some changes to its internal structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... directors to its eight-member board, three of whom are also CFMEU officers. The industry fund, while supportive of the prudential regulator's role in overseeing super funds, contended that concerns raised in the recent licence conditions imposed ...

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to ANZ to $750 million in response to heightened concerns about the bank's non-financial risk management practices. APRA said it has longstanding concerns ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... that gives them a strong understanding of the needs of workers," she said. Schubert went on to label the Australian Prudential Regulation Authority (APRA) a "strong and diligent" regulator of the super industry. "Funds are required to adhere to stringent ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... under management, to address data concerns ahead of the superannuation performance test. The action came after the prudential regulator identified issues with the accuracy and completeness of data submitted previously, which raised concerns about FPSL's ...
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