Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1191 - 1200 of 6597 results for "Policy"

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... legislative complexity; complex definitions; difficulties navigating definitions; overly prescriptive legislation; obscured policy goals and norms of conduct; and difficulties administering complex legislation. For the financial advice industry, the ...

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
APRA is consulting on two new prudential standards aimed at strengthening how entities, including superannuation trustees, respond to financial crises. CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900) are the ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... charging fees to deceased customers; distributing duplicate insurance policies and seeking premiums from customers without a policy; charging superannuation members insurance premiums that included a commission despite them being banned; inadequate fee ...

FPA overcharges members

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
... Committee on Economics in July heard that the AFA's revenue sits at around $3 million per year. AFA general manager of policy and professionalism Phil Anderson told the hearing where most of its fees are spent. "We've got administration costs around ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... charging fees to deceased customers; distributing duplicate insurance policies and seeking premiums from customers without a policy; charging superannuation members insurance premiums that included a commission despite them being banned; inadequate fee ...

Economic recap: Week to November 26

BENJAMIN ONG  |  MONDAY, 29 NOV 2021
... raised interest rates by 25 basis points to 0.5% in October - ahead of the other central banks' (mentioned above) their policy adjustments - "so as to maintain low inflation and support maximum sustainable employment". New Zealand's first increase in ...

Guidance on financial risks of climate change released

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
The prudential regulator has released the final guidance on managing the financial risks of climate change, having made minor amendments following industry consultation. The guidance outlines how institutions must identify and monitor risk, covering ...

RBA names head of payments policy

ANNABELLE DICKSON  |  THURSDAY, 25 NOV 2021
The Reserve Bank of Australia (RBA) promoted a longstanding employee as head of the payments policy department. Ellis Connolly has been with the RBA for over 20 years and was most recently deputy head, financial markets infrastructure in payments policy ...

WTW Australia names head of sustainable investment

JAMIE WILLIAMSON  |  WEDNESDAY, 24 NOV 2021
... a signal that sustainable investment sits at the centre of our advice because portfolio strategy is the point at which policy meets implementation, and this is the experience Tim brings to the table." Unger said his ambition in the new role is to marshal ...

Morningstar launches retirement strategy tool

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... portfolios when possible. "The system understands variables such as spending and market returns - knowing that a good investment policy may need to flux in and out of taking risk," Murphy said. "We've made an effort to direct clients' attention to the ...