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Showing 1021 - 1030 of 6175 results for "Statement"

Maths an unpopular subject with high schoolers

KANIKA SOOD  |  MONDAY, 26 JUL 2021
... Sciences Institute and Stanford's professor Keith Devlin. Actuaries Institute said it will develop a policy position statement and press federal and state governments to review public policy.

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... subsidiaries in August 2020. It was only in October 2016 that a customer identified the erroneous charges. Westpac said in a statement: "The allegations concern the inadvertent charging of financial adviser fees to 404 customers totalling $130,006 after ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
Among the changes announced this morning, AMP is putting an end to all Buyer of Last Resort (BOLR) arrangements at the end of the year and giving advisers the freedom to leave the network with their clients from 2022. As part of a new service model ...

Greenwashing scrutiny needed: Evergreen

ELIZABETH MCARTHUR  |  FRIDAY, 23 JUL 2021
ASIC's research project into the extent of greenwashing in the investment management industry should be commended, according to Evergreen Consultants. "ESG or responsible investing is arguably the single largest trend in the investment universe today," ...

SMSF fraudster loses appeal

ANNABELLE DICKSON  |  FRIDAY, 23 JUL 2021
... the investors after December 2013 without disclosing there was no real prospect of them being repaid," ASIC said in a statement. Gore was first arrested in April 2017 and charged with fraud after he obtained $800,000 from SMSF trustees between 2013 and ...

Get your ducks in a row before you think of an IPO

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
For small financial firms looking to list on the ASX, ongoing regulatory action may be a deal breaker to going public, according to HLB Mann Judd partner Marcus Ohm. Ohm says an undertaking with APRA or ASIC can preclude a wealth, funds management or ...

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... clients, according to new research. Regtech Fourth Line and retiree financial services provider Pension Boost looked at the Statement of Advice of 15 licensees and 1980 financial advisers. Of the 5000 SOAs produced between 1 July 2019 to 15 May 2021 ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... covered by their licence. ASIC may suspend or cancel an AFSL if a licensee fails to meet its obligations," ASIC said in a statement. The licence will continue until August 31 to allow time for a dispute resolution scheme and further arrangements for ...

Modern slavery obligations fall by the wayside: ACSI

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
Despite pledging to do more to help vulnerable workers, Australia's top 200 public companies are falling short on their modern slavery obligations. According to a new study by the Australian Council of Superannuation Investors, major companies are ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... FAR. Life insurers and RSE licensees that fall under this threshold will not have to submit accountability maps and statement to APRA and ASIC under the enhanced compliance thresholds. "The Financial Accountability Regime imposes a strengthened responsibility ...