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Showing 1041 - 1050 of 8715 results for "Regulator"

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... AMP group executive of platforms Edwina Maloney said in a statement: "AMP takes its obligations to customers and the regulator very seriously, however, we continue to have concerns about some aspects of the test, particularly the detrimental impact for ...

ASIC launches new AFSL portal

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
... project is part of the wider digital transformation ASIC is making towards becoming a more efficient and data-informed regulator. "ASIC's objective is to provide a single digital front door, which offers a convenient and intuitive entry point for all ...

South Africa readies 'two pot' pension system

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
On September 1, South Africa's new pensions system will be introduced, allowing individuals to access some of their retirement savings in times of need. Earlier this year, the government of South Africa passed the Revenue Laws Amendment Bill of ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... published its latest corporate plan as well as some changes to its internal structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks, insurers and superannuation trustees over the next four ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... independent report based on a single person's view of these matters. "Any review should be conducted by the industry regulator, APRA, in accordance with the legislation and on the basis of providing the Trustee with procedural fairness and natural ...

Former Brisbane adviser found guilty of fraud again

MATTHEW WAI  |  MONDAY, 26 AUG 2024
A former financial adviser who won a retrial after being convicted of fraud in 2019 has once again been found guilty of misleading clients to invest their retirement savings in a single abalone farm that went bust. Former Brisbane financial adviser ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... available on the Kraken exchange for several years without a legally required target market determination. The corporate regulator argued that the obligation to repay a digital asset or national currency was a deferred debt, and therefore the "margin ...

'Opaque asset class' needs regulation: Datt Capital

MATTHEW WAI  |  MONDAY, 26 AUG 2024
The investment manager is advocating for greater regulatory oversight of the private credit sector, pushing for a more secure and transparent investment environment. Labelling the asset class as "opaque," Emanuel Datt, chief investment officer at Datt ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
The government has passed legislation that will put in place new powers for regulators to protect financial market infrastructure in the event of a crisis. Treasurer Jim Chalmers said the new laws will provide regulators with more powers to manage financial ...

AET boosts Equity Trustees' FY24 performance

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
The acquisition of Australian Executor Trustees (AET) has bolstered the revenue and client book of Equity Trustees (EQT) in the last financial year. EQT's revenue increased 23.1% to $174 million in the 12 months to June, benefiting from the integration ...