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Showing 1 - 10 of 124 results for "APRA"

Industry fund dumps sustainable option

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025  |  NEWS
... median return was 4.8%. And over one year it's returned just 2.1% and ranks 33rd, while the median was 4.6%. According to APRA statistics, only about 500 of the fund's 146,000 members are invested in the option; most are in the accumulation phase ...

ART appoints insurance chief

ELIZABETH FRY  |  THURSDAY, 13 MAR 2025  |  NEWS
... has appointed the interim head of insurance to the job permanently. Matthew Finney is now chief executive of ART Life, an APRA-regulated insurance entity and a wholly owned subsidiary of the superannuation giant. Finney was appointed interim chief executive ...

Board directors targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025  |  NEWS
The boards of superannuation trustees, insurers, and banks are on notice, with APRA proposing changes to "strengthen and streamline" governance requirements. The regulator has released eight proposals in what marks the first "significant update" of ...

Analyst Moves: Franklin Templeton, JANA, Bain, MLC

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024  |  NEWS
... clients outperform the Your Future, Your Super Performance Test metric while staying abreast of the latest regulations from APRA. On the research front, Sandhu looks after publicly listed REITs, unlisted funds, and RE debt managers across Australian ...

More work needed on climate risk response

ROSE MARY PETRASS  |  THURSDAY, 14 NOV 2024  |  NEWS
... improve their climate risk maturity, there remains room for improvement. The Australian Prudential Regulation Authority (APRA) urged all regulated entities to consider the findings, reflect on their own preparedness and implement best practice for climate ...

Boards vulnerable to next wave of climate litigation: IGCC

MICHELLE BALTAZAR  |  THURSDAY, 7 NOV 2024  |  NEWS
... the next four years." The panel agreed that at the moment, there is no need for new legislation. Existing legislation under APRA, ASIC and the ACCC captures potential infractions. For example, 'greenwashing' litigation is well covered by existing ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  THURSDAY, 12 SEP 2024  |  NEWS
... instance, insurers can use results where the total amount of lump sum death cover is greater than $500,000. However, in 2023 APRA statistics show the average sum of insured individual policies of lump sum death cover - excluding group cover - was about ...

Future Super returns 10.1% to ethically minded members

JAMIE WILLIAMSON  |  MONDAY, 8 JUL 2024  |  NEWS
... US$2 trillion this year. Our members are well-positioned to benefit from this global movement," Davis said. According to APRA stats, Future Super has 54,300 members and $2.15 billion in assets. The median account balance is $17,326 and the median member ...

APRA acts on climate risk watch

ROSE MARY PETRASS  |  FRIDAY, 7 JUN 2024  |  NEWS
Australian Prudential Regulation Authority (APRA) chair John Lonsdale has urged regulated entities to self-assess their current practice to reduce climate-related risks. The prudential regulator is conducting a voluntary survey of its regulated entities ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAY 2024  |  NEWS
The government will provide $17.3 million over four years to ASIC and APRA to combat greenwashing and other related financial misconduct and help further develop Australia's sustainable finance market. In a bid to promote the development of sustainable ...
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