Don Johnstone and the Bass Strait Challenge

Don Johnstone Bass Strait Challenge

Last month PFS Consulting’s Principal, Don Johnstone, embarked on a major physical challenge: Don and three friends paddled in individual sea kayaks across the Bass Strait. They set off from Port Albert Victoria and headed for Little Musselroe Bay Tasmania. They took 16 days (including 1 rest day) to cover the 530 kilometres, stopping to […]

What is Overseas Visitors Health Cover (OVCH)?

Overseas Visitors Health Cover

Australia receives many thousands of immigrants each year who seek education and working opportunities and therefore often stay in the country for several years. With numbers increasing year on year, the demand for OVHC is expected to also increase. This article discusses the OVHC product, including who is covered, why they are covered, the benefits […]

Financial Accountability Regime (FAR) has commenced

Financial Accountability Regime -

March was a busy month with the release of regulator rules, transitional rules and the release of a consultation package for RSE licensees and insurers. PFS have previously provided a FAR guide for financial institutions and this short article highlights a number of recent developments and outlines the timelines for what happens next. Read full […]

Operational Resilience – A bigger game and a broader perspective

CPS 230 Resilience

In July 2023 APRA published its new Operational Risk Management Prudential Standard, CPS230, which comes into force on 1 July 2025. To date, there is no accompanying explanatory CPG230. PFS Consulting discussed a draft CPS230 in September 2022 and provided further commentary after the final CPS230 was published in July 2023. CPS230 applies to banks, […]

PFS Consulting appoints Jayesh Bhana in a new role as COO

Jayesh Bhana PFS Consulting, Professional Financial Solutions 1

MEDIA RELEASE PFS Consulting is pleased to announce that it has appointed Jayesh Bhana in a newly created role as Chief Operating Officer (COO). PFS Consulting Managing Director, Adrian McGarva said regarding the appointment: “This strategic move reflects our commitment to advancing PFS Consulting’s growth while maintaining operational excellence. We are delighted to be in […]

Introduction to the NSW Emergency Services Levy (ESL)

PFS Consulting Consultants - ESL Consultants

In this first article on the funding of Emergency Services in NSW, Martin Fitzpatrick, and Jessie Yu dive into what the Emergency Services Levy (ESL) is, who is liable to collect it, and discuss some historical examples. What is ESL? ESL (Emergency Services Levy) is a levy to fund the majority of Emergency Services in […]

Opportunities at PFS – Actuarial Analyst

PFS Graduate Roles

PFS Consulting PFS is a strong and growing multi-practice actuarial and risk management consultancy that combines core technical skills with specific expertise to benefit industry leaders across a range of financial services areas. We are a relatively small but exciting company in a pivotal growth phase. Due to our growth, we are seeking an actuarial […]

Operational Risk Management – Top tips on CPS230

Operational risk

In this article on the implementation of APRA’s new operational risk standard, Daniel Frank, Madeleine Mattera, Jane Byrne, and Jules Gribble map out a pathway for successful implementation. We note that: Read full article

What is Overseas Student Health Cover (OSHC)?

OSHC Cover by Bill Konstantinidis

Australia has a robust healthcare system, and the Federal Government provides a universal health insurance scheme for all citizens and permanent residents. However, international students coming to study are not covered under this scheme, which is where the Student Health Insurance market comes into play. This article discusses why, and who, needs this essential coverage […]