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The regulator aimed to promote operational and cyber resilience across all regulated entities, improve the prudential framework for authorised deposit-taking institutions, lift superannuation trustees’ practices on retirement incomes, and continue its efforts to balance financial sustainability with the need to enhance affordability and availability across the insurance industry. [read post]
After graduating from Rutgers University, I worked as an account manager in group insurance at Prudential Financial for 9 years. [read post]
Meanwhile, APRA announced various new and proposed updates to its prudential standards and commenced consultation on a range of proposed improvements to the effectiveness of Additional Tier 1 capital instruments (Hybrid Bonds) for use in potential bank stress scenarios. [read post]
27 Sep 2023, 7:39 am by Len Feltoon
For example, retirement planning and savings are areas in which many struggle. [read post]
APRA published a range of key statistics, issued final prudential standard CPS 190, and its Covid-19 FAQs and released the 2021/2022 Annual Superannuation Statistics. [read post]
22 Jan 2023, 9:01 pm by renholding
The rule rolls back Trump-era rules that prohibited retirement plan fiduciaries from selecting investments and investment courses of action based on “non-pecuniary” factors. [read post]
26 Oct 2022, 10:53 am by Jennifer Danish
Term life makes sense if you already have a solid retirement plan and only need coverage during the time period where you have significant financial obligations—for example, while you still have children in the house, or until retirement. [read post]
24 Oct 2022, 1:02 pm by Jennifer Danish
Here are some of the extra wrinkles you can expect from Prudential.RELATED POST: Watch Out for These 4 Tactics in Your Prudential Disability Insurance ClaimMost Prudential Disability Insurance Claims Require a Two-Level Administrative Review ProcessMost employer-provided long-term disability plans fall under the Employee Retirement Income Security Act of 1974 (ERISA). [read post]
30 Aug 2022, 11:26 am by Evan Schwartz
We have successfully represented individuals insured under policies issued by Unum, Paul Revere Life Insurance Company, Provident Life and Accident Insurance Company, Principal Financial Group, The Equitable Life Insurance Company, Guardian Life Insurance Company, Berkshire Life Insurance Company, Northwestern Mutual, Mass Mutual, Metropolitan Life, Hartford Life Insurance Company, Standard Life Insurance Company, Ameritas Life… [read post]
12 Dec 2021, 9:25 pm by Ray Giblett (AU) and Timothy Chan (AU)
It is proposed APRA will allow insurers to fully recognise the risk transfer provided by the reinsurance pool through appropriate changes to the prudential framework. [read post]
8 Dec 2021, 11:27 am by CFM Admin
Clients, Friends, Associates: As we near the end of 2021, we have developed a checklist to help managers effectively oversee the business and regulatory landscape for the coming year. [read post]
8 Dec 2021, 7:27 am by CFM Admin
Clients, Friends, Associates: As we near the end of 2021, we have developed a checklist to help managers effectively oversee the business and regulatory landscape for the coming year. [read post]
The Prudential Financial study also found that workers consider benefits such as retirement plans; health, disability, and life insurance; paid family medical leave; and emergency savings programs as critical to their financial resilience. [read post]
22 Apr 2021, 4:27 pm by McKennon Law Group
After her mother’s death, the plaintiff submitted a claim to Prudential, but Prudential paid only $11,400, which amount it stated was the policy’s correct death benefit. [read post]
5 Feb 2021, 1:25 am by Shannon O'Hare
BANKING LICENCE/TRANSITIONAL ARRANGEMENTS GERMANY BaFin issued a general administrative order which allows a run-off for insurance undertakings and institutions for occupational retirement provision (“IORPs”) that have existing business in Germany  by engaging in cross-border activities under their UK passport. [read post]