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Showing 101 - 110 of 849 results for "Code"

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
... about the rising cost of living. In addition to regulatory, longevity and return risk, retirees need to manage a complex tax code and social security system. Further, figuring out the exact amount retirees should drawdown is also complex. Citing a 2022 ...

Adviser exam records 73% pass rate

JAMIE WILLIAMSON  |  FRIDAY, 15 SEP 2023
... the Privacy Act and the Tax Agent Services Act; applied ethical and professional reasoning and communication (including the Code of Ethics); and financial advice construction - the suitability of advice aligned to different consumer groups, incorporating ...

Financial hardship neglect lands Westpac in court

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... collectors while customers waited for the bank to respond to their hardship notices, ASIC alleges. Under the National Credit Code, a lender has 21 days to notify the customer if it does not agree to change the contract or if it requires further information ...

DB Results launches policy admin system

CHLOE WALKER  |  MONDAY, 21 AUG 2023
The tech company has developed the first cloud-native, low-code policy administration system (PAS) for the life insurance sector. The regulator-approved solution aims to meet the exacting needs of the insurance sector and can be custom-designed for ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... number of advisers decreasing, the standards have inversely increased. From about 2018, when new education standards and the Code of Ethics were introduced, Singh said there has been an increase in the quality of advice delivered by the profession. It ...

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
... (trading as FTX US) and other affiliated companies also commenced voluntary proceedings under Chapter 11 of the US Bankruptcy Code. FTX Trading became the ultimate holding company of FTX Australia on 23 September 2021. Before its suspension, FTX Australia's ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
... of the client and providing advice that was not appropriate. He also made false and misleading statements and breached the Code of Ethics, such as the duties of trustworthiness, competence, honesty, fairness, and diligence. As a result, the panel has ...

BlackRock Bitcoin ETF: A landmark institutional event?

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... mining new blocks - verifying the transactions on the blockchain - is cut by 50%. This mechanism, built into Bitcoin's code, effectively constricts the supply of new Bitcoins, which can influence the cryptocurrency's value if demand remains steady ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... said. The panel said Mr. S contravened the Corporations Act by engaging in misleading or deceptive conduct and breaching the Code of Ethics. The FSCP ultimately ordered Mr. S's licensee to perform three successive compliance audits in relation to ...

ASIC releases May exam pass rate

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... the Privacy Act and the Tax Agent Services Act; applied ethical and professional reasoning and communication (including the Code of Ethics); and financial advice construction - the suitability of advice aligned to different consumer groups, incorporating ...