Updated prudential standard sets limits on exposures to offshore reinsurers. If a life company exceeds these limits, additional capital would need to be held.
March 10, 2022The self-assessments must be submitted to APRA by 30 November. Feedback will be provided early next year.
July 23, 2021APRA is considering rules that could limit super fund spending on advertising and memberships, as well as changes to the prudential standard on investment governance.
May 20, 2021Most of the new data will be submitted from September 2021, however trustees will be allowed to defer submission of some less critical data for one year.
March 26, 2021APRA is concerned about premium volatility, the availability and provision of data, and tender practices used by insurers to win business.
March 11, 2021To improve member outcomes, APRA will focus on strengthening its prudential framework, sharpening supervision, improving data and enhancing transparency.
February 16, 2021APRA will issue notices requiring eight trustees to provide information on the actions being taken to address underperformance. Formal enforcement powers may be used "where appropriate".
December 21, 2020This level of choice in the super industry may work against competition, overwhelming members with the more than 40,000 available options, says APRA's Helen Rowell.
July 24, 2020APRA is putting more than a dozen MySuper trustees on notice that it is considering enforcement action against those that continue to underperform on fees.
July 2, 2020The demands being imposed on the global banking system highlight the Achilles Heel of nonfinancial risk management and, particularly, misconduct risk, says Stephen Scott at Starling.
March 21, 2020