The Australian Prudential Regulation Authority has confirmed it will implement the reporting template linked to its finalised amendments to the capital treatment for longevity products. The template, titled Advanced Illiquidity Premium Ad hoc Reporting, will be adopted without further changes after APRA received no industry submissions on the proposed reporting approach. The reporting template relates to life companies that opt to use the Advanced Illiquidity Premium. APRA had released the proposed reporting approach alongside its 31 March 2026 response paper and final prudential standards on longevity product capital settings. Those prudential standards take effect on 1 July 2026, and life companies electing to use the Advanced Illiquidity Premium from that date should contact their APRA supervisor in advance.
Australian Prudential Regulation Authority2026-06-12
Australian Prudential Regulation Authority confirms unchanged reporting template for Advanced Illiquidity Premium under longevity product capital changes
The Australian Prudential Regulation Authority will implement its final reporting template for life companies using the Advanced Illiquidity Premium under the longevity product capital changes. No submissions were received on the draft, so the template will take effect unchanged. Life companies planning to use the Advanced Illiquidity Premium from 1 July 2026 should contact their APRA supervisor in advance.