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Showing 991 - 1000 of 6578 results for "Review"

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that exposed issues within the Bank of Queensland's (BOQ) operational risk, compliance and risk culture. As part ...

Zurich, InterPrac, Sequoia back pro-bono advice

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
The Pro Bono Financial Advice Network (PFAN) has joined forces with Zurich Assure, InterPrac and Sequoia to deliver pro bono advice to individuals living with personal health issues. Through the partnership, the financial institutions will work with ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
Spirit Super has corrected a non-compliance issue, amending its process for monitoring the use of reserves to cover expenses that exceed the fees and costs charged to members. Last month, the industry fund acknowledged that it had inadvertently omitted ...

Treasury hands PwC tax scandal to AFP

CASSANDRA BALDINI  |  THURSDAY, 25 MAY 2023
... the fallout. Last week it was announced that former Telstra boss Ziggy Switkowski had been picked to lead an independent review of the firm following the matters at hand. Switkowski was named alongside PwC's own Tony O'Malley who was appointed chief ...

Macquarie terminates alternatives fund

CASSANDRA BALDINI  |  WEDNESDAY, 24 MAY 2023
... fees would need to be incurred by the investor to keep it running sustainably. The investment manager said a strategic review determined the Macquarie Professional Series Global Alternatives Fund could not be managed in a cost-effective way without such ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
... Following the cancellation, Centurion applied to the Administrative Appeals Tribunal (AAT) on January 20, seeking a stay and review of ASIC's decision. However, the AAT denied the stay application on May 4. Now a hearing for a "substantial review" of ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... opt-in opportunity to members before cancelling default insurance cover," AFCA said. However, after conducting an internal review, the firm identified only a small number of impacted members and developed strategies to prevent recurrence of the problem. ...

Chief distribution officer leaves Praemium

CHLOE WALKER  |  TUESDAY, 23 MAY 2023
... three months' gardening leave until mid-August. In a statement, Praemium said the exit is the result of a strategic review "to focus on client needs, strengthen its market share and deliver on its growth aspirations." It said this resulted in some ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... as they do not charge interest, but the federal government has looked to overhaul this following its options paper and review of the sector which opened last year. Speaking this morning at the Responsible Lending and Borrowing Summit minister for financial ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA  |  MONDAY, 22 MAY 2023
... territory, particularly after the High Court ruling in the Westpac case on general advice". While the Quality of Advice Review is expected to solve the issue of blurred regulatory lines and lack of certainty, the report said, providers will still need ...