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Showing 1281 - 1290 of 7380 results for "System"

Wealth managers bracing for compensation claims

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
A rise in compensation claims from clients is expected over failure to understand risk suitability and will lead to tougher regulation, research suggests. New research from Oxford Risk revealed 58% of wealth managers, who collectively manage assets ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... what we should learn from this experience," added Barr. President Joe Biden assured the US population that its banking system is "safe" yesterday at a White House press conference. "No losses will be borne by the taxpayers. Instead, the money will come ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
The residential mortgage sector will withstand the current headwinds driven by rapidly rising interest rates and cost of living pressures, a new study finds. According to Foresight Analytics, there are three key factors that will mitigate the risks ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
As a second institution is closed by regulators, emergency measures to shore up the US financial system and prevent a banking crisis are being implemented. It comes as local tech companies confirm minimal exposures to the Silicon Valley Bank failure. ...

Morningstar launches managed accounts portfolios

KARREN VERGARA  |  MONDAY, 13 MAR 2023
... Morningstar will introduce the Medalist Rating to replace current the Analyst Rating that uses a gold, silver and bronze grading system. The aim is to provide a single, forward-looking rating for financial advisers, AFSLs and investors to use, Morningstar ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
APRA will maintain four life insurance prudential standards following a brief consultation period. The prudential regulator flagged it was relatively satisfied with four prudential standards - Prudential Standard LPS 100 Solvency Standard; Prudential ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... treasurer Stephen Jones. The updated FAR legislation aims to prevent misconduct that may harm consumers and the financial system. It imposes four sets of obligations on these entities: accountability, key personnel, deferred remuneration, and notification ...

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
... Australian Shareholders Association (ASA) backed measures to address intentional tax avoidance or manipulation of the franking system, according to a submission made to Treasury last year. However, while it backed the measures in principle, it criticised ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... a strengthened accountability framework, the FAR seeks to prevent misconduct that may harm consumers and the financial system. The FAR imposes four key sets of obligations, including accountability, key personnel, deferred remuneration, and notification ...

Investment bonds offer refuge amid super changes

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... legal entity, including charities can receive funds tax-free upon death, Hackett said. The proposed changes to the super system have sparked discussions about alternative investment strategies, but the narrative of change isn't new. In fact, changes ...