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Showing 111 - 120 of 749 results for "Regulations"

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... clarity as to who regulates financial planners, there are still outstanding issues that need to be addressed through regulations," he said. "After eight years of constant regulatory change, financial planners now have the opportunity to focus on their ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... each sitting. The Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 exposure draft regulations released yesterday will see advisers sitting the soon-to-be ASIC administered exam pay $948 per sitting. This is significantly ...

Conflicts of interest risk in funds management still high: ASIC

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
... preference is given to in-house products. "However, intermediaries are becoming less vertically integrated over time. Regulations have changed to reduce conflicts of interest where entities are vertically integrated," the report said. Despite this, there ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... add costs," Longo explained. He went on to acknowledge that ASIC could do more to work with the industry to ensure regulations do not add to cost and complexity for advisers. Asked about how ASIC could reduce the financial levy, Longo said the levy was ...

AustralianSuper skewers draft disclosure laws

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... the reforms don't apply, according to AustralianSuper. In its submission to Treasury, the super fund said the draft regulations as they stand "do not strike an appropriate balance between transparency and protecting members' best financial interests". ...

APRA leaves door open for benchmark tweaks

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... expanding the number of indices that are used in the benchmark as well," she said. "But that would be a change to the regulations whereas APRA actually has a more straightforward discretion on the indices that are used." As an example, she cited the ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... sits compared to others", she said. "AIST remains concerned that there is no requirement either in the legislation or regulations for all super products to be performance tested or for a fund to have passed the test before a member can be stapled to ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... product performance. It will also engage with the funds it thinks will fail the test a second time. In final YFYS regulations the government changed its stance on administration fees, moving to testing on only last year's administration fees instead ...

Super fund portfolio disclosure consultation reopens

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
... so that the information is easily accessible via the fund's website. First-round consultations for the proposed regulations took place between from 28 April 2021 to 25 May 2021. Hume announced yesterday that the government has proposed several amendments ...

State Street hires for APAC

ANNABELLE DICKSON  |  MONDAY, 16 AUG 2021
... buffers could represent a drag on portfolio balance. Whilst there are several opportunities in the market the evolving regulations are adding operational complexity and creating liquidity challenges for investors if collateral is not managed properly ...