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APRA
Insurance
The industry will receive a 12-month transition period on implementing APRA’s risk management requirements, the regulator has announced....
Insurance
The group insurance industry may be at risk of the “winner’s curse”, where the winner of a group insurance tender is the company with the lowest best estimate....
Insurance
Super fund members in retail funds with binding insurance nominations are getting a raw deal, an Australian Prudential Regulation Authority working paper has suggested....
Insurance
The Australian Prudential Regulation Authority (APRA) has pointed to the meagre profits that group risk insurance in super has contributed to the industry as evidence tha...
Insurance
New business from intermediaries licensed to conduct general insurance business to unauthorised foreign insurers has been concentrated in Singapore and the UK in the firs...
Insurance
APRA deputy chairman Ross Jones, speaking at an ASFA luncheon, said APRA would allow superannuation funds to source insurance from outside of the life insurance industry....
Insurance
Insurers are beginning to assess the cost of Life and General Insurance Capital standards as APRA begins to nut out transition arrangements....
Insurance
Concerns that counterparty risk is acting as a barrier to the uptake in annuity products are misguided, according to Challenger life chief executive Richard Howes....
Funds management
While their members see little value in sporting sponsorships, super fund executives and trustees are split on the issue....
Funds management
Former Trio director David Millhouse will be disqualified from acting as a superannuation fund trustee for 10 years. ...
Funds management
Three Queensland-based superannuation funds have combined their FUM to invite tenders for custodian services as a “package deal”, ultimately appointing State Street....
Funds management
APRA’s continuing work on the Trio/Astarra collapse sees former director Kurt Groenveld agree to an enforceable undertaking....
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...