Denemek ALTIN - Özgür
APRA plans to remove 'unnecessary obstacles' for longevity products
Financial Standard
|June 30, 2025
APRA has proposed changes to its prudential framework for annuities, committing to removing unnecessary obstacles to the development of more “innovative” and “competitively priced” longevity products.
The regulator identified two issues with its existing framework.
Firstly, it imposes high capital requirements compared to some other jurisdictions, “making annuities more expensive that they might otherwise be.”
Second, the framework is “insufficiently risk sensitive” and may "exacerbate procyclicality” by requiring life insurers to liquidate assets during a market downturn.
APRA has subsequently proposed to redesign the illiquidity premium in Prudential StandardLPS 112 Capital Adequacy: Measurement of Capital (LPS 112).
Bu hikaye Financial Standard dergisinin June 30, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Financial Standard'den DAHA FAZLA HİKAYE
Financial Standard
The law of the few, 20% bad apples
Shadow financial services minister Kevin Hogan recently spoke about the excessive amount of red tape plastered across the financial services industry.
2 mins
June 01, 2026
Financial Standard
ART overhauls insurance fees
ART is overhauling its insurance premium rates for Super Savings members starting July 1, with Standard Death and TPD Assist charges decreasing on average by 14.1% and 31.2% for male and female members respectively.
1 min
June 01, 2026
Financial Standard
Competition heats up between CFS, MLC, AMP
Competition is heating up between MLC, AMP and CFS with all three spruiking their retirement offerings.
1 min
June 01, 2026
Financial Standard
Expat advice opportunity rises
The growing pains from ongoing cost-of-living pressures and the rapidly evolving tax regime in Australia are prompting more Australian residents to seek opportunities to build wealth elsewhere, experts say.
3 mins
June 01, 2026
Financial Standard
Westpac fined $26m for financial hardship neglect
Major bank Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period.
1 mins
June 01, 2026
Financial Standard
CALI calls for CSLR funding help
The Council of Australian Life Insurers (CALI) is calling on the government to help fund the burgeoning Compensation Scheme of Last Resort (CSLR) to stop putting “undue” pressure on Australia’s risk advisers.
1 min
June 01, 2026
Financial Standard
Aware Super strengthens financial adviser support
Aware Super is introducing better support to financial advisers as it antes up the delivery of education with licensees and advisers, in a move to expand its advice relationships capability.
1 mins
June 01, 2026
Financial Standard
Why the CGT overhaul makes direct indexing more valuable than ever
The 2026 Federal Budget has just rewritten the rules on capital gains tax.
4 mins
June 01, 2026
Financial Standard
Aware Super ‘doing nothing’
Aware Super chief investment officer Simon Warner said the $200 billion super fund will only reposition its portfolio if it sees a higher probability of some of the worst-case scenarios playing out in the Middle East conflict.
1 min
June 01, 2026
Financial Standard
Tokenisation could inject $24bn
Project Acacia, the brainchild of the RBA and Digital Finance Cooperative Research Centre (DFCRC) to explore a tokenised wholesale asset ecosystem in Australia, has completed its experimental and research phase, which has the potential to deliver $24 billion in annual economic gains while fostering stronger public-private collaborations, the entities said.
1 min
June 01, 2026
Listen
Translate
Change font size