APRA releases annual superannuation statistics
The view from the other side of the table: Regulation, trust and social licence
… to talk with you about this notion and how it fits within APRA’s regulatory mandate. In this context, I will also offer … the industry Prudential Coverage Ratio was 1.72 with an annual net profit of $3 billion and a solid ROE of 10.8 per … light of potential implications for reserving and reserve releases, which may not always be available as the …
A look through the rear view mirror and the road ahead
… Are we there yet? Before we answer that, let’s start with APRA’s role in helping an insurer on its journey. In the … use of the ICAAP in the management of the business. The annual ICAAP Report from each insurer will play a critical … some very significant increases in premium rates for large superannuation funds in recent times - of the order of 25% to …
The Australian banking system under stress – again?
… releasing the results of a macroeconomic stress test that APRA had conducted, built on the hypothetical scenario of a … shock is more than four standard deviations based on the annual volatility of GDP in Australia since 1960; the shock … insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises …
Deferred lifetime annuities
… little history is relevant here. In 1983, the concept of a superannuation rollover was introduced. This allowed a … of the annuity and/or in the capital backing the policy. APRA will expect this to be done very well and very … These policies increased sums insured by the addition of annual bonuses and often increased final payouts with …