APRA’s priorities for 2023
APRA recently released its Policy Priorities and Supervision Priorities for 2023. Read the PFS Risk Consulting team’s essential guide to what your financial institution needs to know: Download Presentation
Addressing Group Insurance Operational Risk
Addressing Group Insurance Operational Risk PFS Principal, Sean Williamson, recently produced a thought-provoking article about Operational Risk inherent in Insurance in Superannuation. This paper addresses how insurance operational risk confronting Trustee Boards and Fund Executives is increasing as major change and complexity, primarily regulatory and mergers, continues across the superannuation system. It explores how funds […]
PFS welcomes new Principals and expands services
PFS Consulting (PFS) continues to expand its actuarial, risk and regulatory expertise and services to support new and existing clients. PFS, which was established in 2001, is pleased to welcome Sean Williamson and Vicki Mullen as Principals. They will offer clients an expansion of our existing services and a depth and breadth of industry knowledge […]
Individual Disability Income Insurance (IDII) in Australia
PFS Consulting would like to thank Principal Ian Laughlin and his team at the Actuaries Institute’s Disability Insurance Taskforce for all their great work in preparing this document. The document will be of interest to anyone involved in the IDII ecosystem – consumer bodies, insurer management and boards, technical and professional specialists, regulators, government and […]
How Should Aged Care be Funded?
The Aged Care Royal Commission is currently considering how aged care should be funded. During September 2020, Paul Keating put forward some interesting ideas about the role of the family home in financing aged care, which we think warrant further consideration. It has previously been suggested that the financial needs of the elderly, including aged […]
Proposed changes to superannuation: The PFS POV
Changes are coming for superannuation funds. In December, the Australian Prudential Regulation Authority (APRA) proposed adjustments to the way funds implement business objectives, measure their outcomes and make significant expenditure. Designed to produce better outcomes for members, the new standards will represent significant departures from current practice. Although only proposed, it’s highly likely that these measures […]
