SYDNEY, Oct. 29 -- Australian Prudential Regulation Authority issued the following media release:
The Australian Prudential Regulation Authority (APRA) has commenced a second round of consultation on modifications to its capital framework for longevity products, including annuities. The changes are designed to create an environment that supports the development and availability of longevity products for Australian retirees, while safeguarding policyholder interests.
In June 2025, APRA released a consultation inviting industry feedback on proposed changes to the life insurance capital framework. The responses have informed refinement of the proposals, including a shift towards a more principles-based approach for determining capital requir...