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Showing 1151 - 1160 of 6733 results for "Review"

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
... Following the cancellation, Centurion applied to the Administrative Appeals Tribunal (AAT) on January 20, seeking a stay and review of ASIC's decision. However, the AAT denied the stay application on May 4. Now a hearing for a "substantial review" of ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... opt-in opportunity to members before cancelling default insurance cover," AFCA said. However, after conducting an internal review, the firm identified only a small number of impacted members and developed strategies to prevent recurrence of the problem. ...

Chief distribution officer leaves Praemium

CHLOE WALKER  |  TUESDAY, 23 MAY 2023
... three months' gardening leave until mid-August. In a statement, Praemium said the exit is the result of a strategic review "to focus on client needs, strengthen its market share and deliver on its growth aspirations." It said this resulted in some ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... as they do not charge interest, but the federal government has looked to overhaul this following its options paper and review of the sector which opened last year. Speaking this morning at the Responsible Lending and Borrowing Summit minister for financial ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA  |  MONDAY, 22 MAY 2023
... territory, particularly after the High Court ruling in the Westpac case on general advice". While the Quality of Advice Review is expected to solve the issue of blurred regulatory lines and lack of certainty, the report said, providers will still need ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... its policies for those diagnosed after June 2017. However, prior to this it didn't have adequate processes in place to review and promptly update the definitions across policies where it had received medical evidence or opinion to say existing definitions ...

Super fund blunder likely down to bad data: Podcast

CASSANDRA BALDINI  |  THURSDAY, 18 MAY 2023
... flagged individuals signing up to funds multiple times also presents a duplication issue. The law states trustees must review their accounts to identify duplicates at least annually. "But the issue here is, the requirement is to give effect to the procedures ...

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
... can invalidate the entire process. Anderson told the recent United Association Roadshow in Sydney that, following an ASIC review under Report 636 in 2019, the regulator urged advisers to go into product systems and check that they have the right amounts ...

PwC picks senior leaders to oversee review

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
Former Telstra boss Ziggy Switkowski has been picked to lead an independent review of the firm and its own Tony O'Malley has been appointed chief risk and ethics leader amid the ongoing tax crisis. The independent review, originally announced last ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
Super Consumers Australia (SCA) is urging all superannuation funds to review their account handling processes in the wake of AustralianSuper refunding $70 million to approximately 100,000 members who held multiple accounts with the fund. Last week ...