PFS Consulting helps to resolve Emergency Services Levy (ESL) “system glitch”
On Friday 1 November 2019, Revenue NSW issued Final Assessment notices for 2018/19 to insurers who have written business in NSW that is subject to the ESL. However these were not correct. PFS Consulting identified the problem and had discussions with Revenue NSW, who are amending the notices.
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Ian Laughlin appointed as a Principal of PFS Consulting
Ian Laughlin has joined PFS Consulting as a Principal.
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Submission to APRA Prudential Standard CPS 511 – Remuneration
In our submission to APRA re draft Prudential Standard 511 we point out that changing the design of a company’s Long-Term Incentive from a market to a non-market performance measure could involve a significant one-off cost, because of the requirements of the accounting standards.
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Determining reserves for aged care providers
Aged care providers hold substantial accommodation deposits, which are potentially useful to the business for investment in permitted capital expenditure. However, providers also need to maintain sufficient reserves to provide refunds when residents pass away or leave. PFS Consulting’s Stephen Crump discusses how an aged care provider can determine an appropriate level of prudential reserves, and address how these amounts should be invested.
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What are the practical and hidden implications of the new APRA remuneration standard CPS 511?
Stakeholders have until 23 October to comment on APRA’s draft executive remuneration standard before it comes into effect in 2021. PFS Consulting’s Thach Huynh explains how the new standard could impact companies both within and outside the financial services industry and highlights some important issues that haven’t been widely discussed.
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Five steps for best practice board and committee performance reviews
There are many organisational benefits to be gained from board and committee performance reviews but it’s important to get it right when measuring performance. PFS Consulting’s Jane Byrne outlines five key steps required for best practice board and committee performance evaluations.
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Three reasons an actuarial consultant could be your strategic differentiator
Have you wondered what actuaries actually do? PFS Consulting’s John Newman explains how actuaries can help organisations navigate uncertainty and plan for the future.
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The new insurance accounting regime AASB 17 will involve more work than you might think
PFS Consulting’s David Rush talks about the new Insurance Accounting regime, it’s more involved than it may at first seem.
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Staying ahead of the wave: will the recommendations from the Royal Commission cause a tsunami of changes for executive remuneration?
PFS Consulting’s Thach Huynh shares his thoughts on how the Royal Commission findings could affect executive remuneration.
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A five-minute summary of the Hayne Royal Commission findings
What questions has the Hayne Royal Commission raised for your organisation? We share our high level comments and thoughts here.
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