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Showing 1091 - 1100 of 1801 results for "Regulation 2015"

Regulator taking a "facilitative" approach to change

ALICE URIBE  |  THURSDAY, 1 AUG 2013
The Australia Securities and Investments Commission (ASIC) chairman Greg Medcraft reiterated his support to the financial services industry as it grapples with the implementation of regulatory changes, saying that the regulator would take a "facilitative" ...

Best Interest drives advisers away from products

LAURA MILLAN  |  MONDAY, 29 JUL 2013
The Best Interest Duty provision of the Future of Financial Advice (FoFA) regulation is designed to make planners give comprehensive advice in a process where recommending a product is "the last piece of the puzzle." At the end of the advice process ...

AIST calls for accuracy on product dashboard

JAMES FERNYHOUGH  |  FRIDAY, 26 JUL 2013
The Australian Institute of Superannuation Trustees (AIST) is calling for higher standards of accuracy on investment return estimates for the MySuper online product dashboard. In a submission to the Australian Prudential Regulation Authority (APRA) ...

BNP Paribas launches Strong Super reporting solution

JAMES FERNYHOUGH  |  WEDNESDAY, 24 JUL 2013
Global custodian BNP Paribas Securities Services has launched a solution to the reporting standards and portfolio holdings look-through requirements associated with the Stronger Super reforms. The solution will be provided by leveraging BNP Paribas' ...

Grandfathering uncertainty already affecting businesses

LAURA MILLAN  |  MONDAY, 22 JUL 2013
Dealer groups are already feeling the consequences of the uncertainty around the grandfathering provisions within the new Future of Financial Advice (FoFA) regulations with planners hesitant to change licensees until the legislation is clearer. Synchron ...

ASIC's powers heightened under FoFA

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
The Australian Securities and Investments Commission (ASIC) will act more strongly on cases of misconduct in the wake of Future of Financial Advice (FoFA) the regulator said. The new FoFA regulation has allowed ASIC to take civil penalty actions, whereas ...

Former First State Super director joins ACCC

MARK SMITH  |  TUESDAY, 16 JUL 2013
Former First State Super director Cristina Cifuentes has been appointed a commissioner at the Australian Competition & Consumer Commission (ACCC). Cifuentes started in her new role in May 2013 and has been appointed for a five year term. She is responsible ...

QSuper gets MySuper go-ahead

JAMES FERNYHOUGH  |  MONDAY, 15 JUL 2013
QSuper, one of Australia's largest superannuation funds, has been granted its MySuper licence by the Australian Prudential Regulation Authority (APRA). The fund primarily represents employees of the Queensland Government and has over $40 billion in ...

PIS sees dramatic drop in adviser numbers

LAURA MILLAN  |  WEDNESDAY, 10 JUL 2013
Independent dealer group Professional Investment Services (PIS) has experienced a significant drop on adviser numbers in the last two years. PIS has seen its advisers drop by more than half in the last two years and it now has 559 advisers, according ...

Self-education cap could prevent professional development

LAURA MILLAN  |  WEDNESDAY, 10 JUL 2013
The government's proposal to impose a $2,000 cap on tax deductions for self-education has raised concerns that the measure will impede professional development. The Institute of Chartered Accountants Australia (ICAA) and CPA Australia are two of the ...