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Showing 1271 - 1280 of 6076 results for "Commission"

Dealer groups slam FPA policy

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... hard work that the entire advice sector has put in to overcome historic shortfalls brought to light by the Hayne Royal Commission and in light of the leading work that AFSLs bring to bear in areas of education, risk mitigation, compliance, consumer best ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... approved for early release by the Australian Tax Office. Labor MP Andrew Leigh expressed concern that chair of the commission Liberal MP Tim Wilson was only enquiring about conflicts of interests in industry superannuation funds and not in retail funds. ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... the sought for investigation will include bank-owned retail funds - which were the locus of misconduct in the Royal Commission, and were found to systematically underperform by the Productivity Commission," Combet wrote in the letter that runs four and ...

Calls for overhaul of AFSL system

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
... regulatory oversight of financial products instead could mitigate this, the association believes. As part of the Royal Commission reforms, a single disciplinary body is to be established that will require the registration of all planners. The FPA sees ...

FASEA boycott sparks in-fighting

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
Suggestions from one financial advice association that advisers should boycott the FASEA exam has led to a call for associations to merge in order to better represent the industry. The United Financial Advisers Association (UFAA) has called on its 6000-strong ...

Chief economist update: Eurozone contraction heads from mild to severe

BENJAMIN ONG  |  THURSDAY, 28 MAY 2020
... document titled, "Europe's moment: Repair and prepare for the next generation" (released on May 27), the European Commission (EC) "put forward its proposal for a major recovery plan". As per Factset: "The European Commission announced its proposal ...

US regulator settles with Ares

KANIKA SOOD  |  WEDNESDAY, 27 MAY 2020
... findings, but agreed to a cease-and-desist order, a censure and the US$1 million civil penalty. The Securities and Exchange Commission (SEC) alleges that in 2016 Ares invested several hundred million dollars in debt and equity of a publically listed ...

Retirement funder adds two new executives

ELIZA BAVIN  |  WEDNESDAY, 27 MAY 2020
... chief operating officer at Sportsbet, as well as RELX (formerly Reed Elsevier) and as an economist for the Productivity Commission. "I'm excited to work for a business that is solving a real problem for an important cohort of Australians - helping ...

Open banking accreditation now open

ALLY SELBY  |  WEDNESDAY, 27 MAY 2020
The ACCC has today launched its Consumer Data Right Register and Accreditation Application Platform (RAAP), set to be the "IT backbone" of open banking in Australia. Consumer Data Right gives consumers greater access and control over their data, allowing ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... associated with administration and fund operations, not raw dollars under management." Chhikara said the Productivity Commission's mooted best in show list is already in effect, noting much of the net member switching flows in the system is captured ...