Search ResultsShowing 91 - 100 of 100+ results for "Regulatory"
Hong Kong hedge funds suffering: Report
ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... 2019. "Proximity to the fast-growing economy of China, availability of highly-trained talent base, as well as robust regulatory landscape have successfully attracted both foreign and domestic hedge fund managers to base their operations in the special ...
FASEA clears up code of ethics
ELIZA BAVIN  |  MONDAY, 21 OCT 2019
The Financial Adviser Standards and Ethics Authority have released a guidance document for its code of ethics for financial advisers, which will come into effect on January 1, 2020. The code comprises of five values and 12 standards and has been designed ...
ASIC nudges robo-adviser to shutter
ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... formed the view that it is overly challenging to provide holistic digital advice within the constraints of the existing regulatory framework. "Unfortunately, the further steps we would need to take (over and above the extensive steps we have already ...
APRA won't appeal IOOF judgement
ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
The Australian Prudential Regulation Authority will not appeal the Federal Court decision to dismiss its court action against IOOF. The case related to the management of conflicts of interest, the appropriate use of superannuation fund reserves and ...
TPD riddled with issues: ASIC
ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
An ASIC review has found significant industry-wide problems with the design of total and permanent disability insurance and the claims handling process. The regulator said the problems means the over millions of Australian workers who pay for the cover ...
Count Financial bolsters team as part of transition
ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... Count Member Firm Trust. The $2.5 million sale included a $200 million CBA indemnity agreement against certain past regulatory and advice failure liabilities. At the time of the acquisition, CountPlus chief executive Matthew Rowe said: "Our objective ...
AFCA gets 1450 complaints a week
ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
The Australian Financial Complaints Authority has received 1450 complaints every week so far this financial year. This number has AFCA on track to beat its previous record. In July, after six months in operation the authority had received just over ...
Grandfathered commissions ban passes
ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... increase the cost of financial advice and lower consumer access. The dealer group contributed $10,000 to the Adviser Regulatory Fund set up by the Association of Independently Owned Financial Professionals to mount a constitutional challenge to legislation ...
No one reads the PDS: ASIC
ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
ASIC is calling time on the financial services industry's reliance on disclosure as the default consumer protection, saying it enables poor conduct and poor consumer outcomes. The regulator said disclosures have been assumed to inform consumers to make ...
No pain, no gain: APRA
HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
As APRA raises the bar for the superannuation sector, trustees are readying themselves for discomfort. But the prudential regulator believes the pain is necessary for improving member outcomes. Addressing the Australian Institute of Superannuation Trustees ...
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