APRA

Life/Risk

APRA delivers historic life insurance market snapshot

The Australian Prudential Regulation Authority’s latest Life Insurance Institution-level statistics publication has managed to paint a picture of the industry as it was u...

Superannuation

Will APRA’s latest AMP hit impact super outsourcing tenders?

The Australian Prudential Regulation Authority’s decision to impose new licensing conditions on AMP’s superannuation businesses could not have come at a worse time, with ...

Policy & Regulation

AMP signals compliance with new APRA conditions

The Australian Prudential Regulation Authority has imposed new conditions on AMP’s superannuation businesses including board renewal and removal of conflicts of interest....

Policy & Regulation

APRA imposes new conditions on AMP’s super businesses.

The Australian Prudential Regulation Authority has imposed new conditions on AMP’s superannuation businesses including board renewal and removal of conflicts of interest....

Policy & Regulation

New minister Hume faces continuing Trio/Astarra claims

The newly-installed Assistant Minister for Financial Services, Senator Jane Hume, is being asked to review why the Government did not compensate some Trio/Astarra collaps...

Life/Risk

Life insurers still suffering disability drag

Disability insurance is continuing to significantly drag on the bottom lines of the major insurers despite goodwill “discrete goodwill write-offs”...

Financial planning

Australia’s growth at decade-low

The weakening in the Australian economy has been triggered by a protracted downturn in the housing market, according to Fitch Ratings....

Superannuation

Morrison’s election doesn’t guarantee super policy stability

Rice Warner has warned that the Coalition’s election doesn’t mean the superannuation industry will see a period of policy stability, with some areas of possible reform in...

Policy & Regulation

APRA signals higher capital requirements for recalcitrant institutions

The Australian Prudential Regulation Authority has put a number of financial institutions on notice that their governance arrangements are such that they risk being subje...

Financial planning

APRA proposals might raise risk within mortgages: Fitch

Fitch Ratings believes that the Australian Prudential Regulation Authority proposals could slightly raise risk within mortgage portfolios where borrowers are granted mort...

Financial planning

APRA move means more home loan borrowing

APRA’s scrapping of the seven per cent ‘stress test’ buffer on home loans will see an increase in borrowing capacity for owner-occupiers, according to RiskWise Property R...

SMSF

SMSFs sitting happy in latest ATO data

Self-managed superannuation funds both outperformed other super fund options and saw a decrease in operational costs, according to the latest statistics from the Australi...

Financial planning

Societe Generale obtains Australian banking authorisation

The Australian Prudential Regulation Authority has authorised Societe Generale as a foreign authorised deposit-taking institution....

Policy & Regulation

ANZ P&I deal with IOOF on track, with caveat

The transaction underpinning the transfer of the ANZ OnePath Pensions and Investments business to IOOF remains on track, but ANZ has made clear it is continuing to monito...

Policy & Regulation

Regulators band together to urge LIBOR transition

The Australian Securities and Investments Commission has written to the chief executives of several major financial institutions, encouraging them to transition away from...