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Showing 1071 - 1080 of 6583 results for "Review"

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
... its home loan processes." "As part of the settlement, ANZ has agreed that its Customer Fairness Advisor will conduct a review of its Home Loan Introducer Program." ASIC deputy chair Sarah Court commented: "By failing to have robust compliance and training ...

TAL offloads dealer group to CountPlus

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... Financial board following an approval. TAL group chief executive and managing director Brett Clark said that following a review the life insurerd determined that CountPlus is "best placed to continue to enable Affinia's strategy, grow and support ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... with ASIC, APRA said it also endeavours to influence improved retirement outcomes in the new year. Both regulators will review how trustees have implemented the Retirement Income Covenant within their business strategies and operations, for the benefit ...

First Super awards ESG mandate

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAR 2023
First Super has appointed IFM Investors to manage a new indexed international equities strategy with a focus on governance and labour rights. The new strategy is designed to provide exposure to a diversified portfolio of global (ex-Australia) publicly ...

ASIC issues more interim stop orders

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Deficiencies in its target market determination (TMD) have seen interim stop orders placed on Interactive Brokers Australia. ASIC initiated the temporary suspension, valid for 21 days, to prohibit Interactive Brokers from offering, issuing, or giving ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... (AFCA), including managed investment schemes (MIS)," Abood said. Of note, yesterday Treasury announced the start of its review of the regulatory framework for MIS, aimed at identifying gaps and potential areas for improvement. The review was announced ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Providing its final update on institutions' financial advice remediation programs, ASIC calculated AMP, ANZ, Commonwealth Bank (CBA), Macquarie, NAB and Westpac have so far paid a combined $4.7 billion. The remediation programs included in ASIC's update ...

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
Treasury is commencing its review of the regulatory framework underpinning managed investment schemes (MIS), targeted at identifying gaps and possible areas for improvement. The review was announced as part of the Albanese government's first federal ...

We are closer to a pause: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 8 MAR 2023
... Philip Lowe signaled a break could be in sight. "We are closer to a pause," Lowe said today while speaking at the Financial Review Business Summit. "It's a matter of logic really - as you increase interest rates higher, you get closer to a point ...

Advice complaints decelerate: AFCA

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... it's provided". Singh raised an interesting point with respect to the proposed SOA changes under the Quality of Advice Review : If there's no documentation, how will AFCA assess at the dispute? "As I understand it, the proposal is that you don't ...