Search ResultsShowing 1 - 10 of 100+ results for "Prudential Regulation Authority"
Regulators praise super law reform
ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have jointly welcomed the proposed legislative reforms increasing the role of ASIC in the superannuation industry. The proposed changes ...
Calls for disability insurance reform
ELIZA BAVIN  |  MONDAY, 10 FEB 2020
... high replacement ratio can be a disincentive to returning to work." In December, the Australian Prudential Regulation Authority said that life companies collectively lost around $3.4 billion over the past five years through the sale of DII to individuals. ...
Future of life insurance in doubt: APRA
ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
The Australian Prudential Regulation Authority released its look-back at 2019, making special mention of tough times for the life insurance industry and questioning its sustainability. "Australia's life insurance sector faced deteriorating conditions ...
Life insurers lost $3.4b over five years: APRA
ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
The Australian Prudential Regulation Authority has launched an intervention into the life insurance market in response to ongoing heavy losses in respect of individual disability income insurance. The regulator announced a series of measures, including ...
Chief executive banned for paying wife
ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... mutual insurer has copped two large fines and a ban from the UK's Financial Conduct Authority and Prudential Regulation Authority after he paid his wife close to $400,000 to reduce his personal tax liability. Stuart Forsyth was chief executive of Scottish ...
Whistleblower calls out approved product lies
ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... exclude from advice consideration any of the 12 retail life insurers regulated by the Australian Prudential Regulation Authority. "Heavily restricted life insurance APLs are still the norm and not even heat from the recent Financial Services Royal Commission ...
Cbus veteran moves to APRA
ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
... (company secretary) and compliance at Cbus and is now risk specialist, governance at the Australian Prudential Regulation Authority. Before moving into the head of governance role, Thurstans spent over 18 years as executive manager of governance and ...
APRA won't appeal IOOF judgement
ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
The Australian Prudential Regulation Authority will not appeal the Federal Court decision to dismiss its court action against IOOF. The case related to the management of conflicts of interest, the appropriate use of superannuation fund reserves and ...
APRA considers appeal in IOOF case
ELIZA BAVIN  |  MONDAY, 23 SEP 2019
The Australian Prudential Regulation Authority has labelled its failed action against IOOF and five of its senior officers as a test case. APRA deputy chair Helen Rowell said the regulator was disappointed by the decision last week but added the case ...
APRA opens margin requirement talks
HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... million threshold. Additionally, the prudential regulator proposes to add its UK counterpart, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority to the list of foreign bodies eligible for substituted compliance with APRA's ...
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