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Showing 1 - 10 of 118 results for "APRA"

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 ...

Canberra targets natural disaster insurance gap

ROSE MARY PETRASS  |  WEDNESDAY, 13 MAR 2024  |  NEWS
... those with greater social or economic disadvantage, as well as households across North Queensland, Northern NSW, and the NT. "APRA statistics for March 2023 show an increase in the number of people taking out home insurance policies, with 13 million ...

ESG skills in hot demand in risk, compliance hiring

RACHEL ALEMBAKIS  |  MONDAY, 12 FEB 2024  |  NEWS
... Accountability Regime (FAR) Bill of2022, legislation driving fund retirement support, ASIC and ACCC's focus on greenwashing, and APRA's updates to SPS and CPS 230 and 530 - Investment Governance Regulations. In SPS 530, APRA states that super fund trustees ...

Australia climbs quickly on climate policy development

ROSE MARY PETRASS  |  MONDAY, 5 FEB 2024  |  NEWS
... women's economic empowerment in the climate transition, and mandated that the Australian Prudential Regulation Authority (APRA) must consider climate risk in duties. 2024 is set to be a year of multiple significant regulatory changes across the globe. ...

Podcast: Does DEI improve financial return - Raymone Jackson

RACHEL ALEMBAKIS  |  MONDAY, 8 JAN 2024  |  NEWS
... talk about this topic is Raymone Jackson, head of Diversity, Equity, and Inclusion at T. Rowe Price. L ast year, outgoing APRA deputy governor Helen Rowell said "genuine diversity is still lacking around too many board tables" in the financial sector ...

Top 10 most-read articles of 2023

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... increase over the previous 12 months, according to specialist ESG executive search and recruitment specialist Talent Nation. #4: APRA strengthens super fund ESG responsibilities July: The Australian Prudential Regulation Authority (APRA) clarified that ...

Agriculture funding takes the stage at COP28

RACHEL ALEMBAKIS  |  MONDAY, 11 DEC 2023  |  NEWS
... global theme where financial services and corporates need to move to climate management/reporting frameworks," Sneddon said. "APRA has told banks they need to manage and disclose climate risks on portfolio. What that means is defining emissions coming ...
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