Aon’s CPS 511 Post-Implementation Study - report now available!
Aon is delighted to bring you data driven insights into market practice following the implementation of the Australian Prudential Regulation Authority’s (APRA) Prudential Standard CPS 511 Remuneration (CPS 511).
To ensure ongoing compliance, and that CPS 511 has been effectively implemented and embedded, entities should continue to monitor, review and assess their remuneration frameworks and practices. At Aon, we know that the ability to benchmark against market trends and the evolution of better practice against relevant peers is an essential part of this.
As such, we are delighted to share this report with you - to help you understand broader market practice, share key insights and facilitate industry knowledge-sharing.
Please click here to purchase the report >
Aon engaged APRA-regulated entities between April 2024 and June 2024, to understand and share insights on how entities have approached CPS 511 implementation.
The report captures 46 APRA-regulated entities, including 50% Significant Financial Institutions (SFIs) and 50% non-SFIs across the banking, insurance and superannuation sectors.
The report covers:
- Key observations
- Role of the Board and Governance
- Role of Risk
- Variable Remuneration Design (incl. Non-Financial Measures and Deferral)
- Consequence Management
- Third-party Service Providers
- Remuneration Outcomes
- Remuneration Framework Review Processes
- Disclosures
- CPS 511 Entity Experience