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Showing 1291 - 1300 of 6465 results for "Regulatory"

PwC chief executives hold too much power: Review

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
Too much power has rested in the hands of PwC chief executives, who are elected in a presidential-style campaign and, other than maintaining popularity, have unchecked authority, an independent review has found. The report by former Telstra boss Ziggy ...

CALI takes on Life Code

CHLOE WALKER  |  THURSDAY, 28 SEP 2023
... continue to be a leading voice in related policy debates, including financial advice and the increased political and regulatory scrutiny surrounding group life insurance in superannuation. "Our ongoing involvement in insurance-related policy reflects ...

Betashares carves slice of superannuation pie

CHLOE WALKER, JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2023
... the superannuation sector, and it is a natural next step in our growth strategy." The sale is subject to customary regulatory approvals and conditions and is expected to complete during 2024. Offloading the superannuation business is the latest step ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... the product. ASIC said it will only accept a court enforceable undertaking when it considers it achieves an effective regulatory outcome, after having weighed the regulatory outcomes offered by other enforcement remedies. ASIC deputy chair Sarah Court ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... a framework that lacks appropriate oversight and accountability. ASIC measured large licensees against standards in Regulatory Guide 277 Consumer Remediation and found several gaps that could lead to poor consumer outcomes. Many are narrowing the remediation ...

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
ANZ Bank has been ordered to pay $15 million by the Federal Court for misleading customers over the funds available to them in select credit card accounts. The Court found that ANZ breached both the ASIC and the National Consumer Credit Protection Act ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... speculation last week, Qantas Super said the board has reviewed the fund's size, growth path and the legislative and regulatory environment and determined "it is prudent to explore merger options for the future." It cited ongoing consolidation in ...

NextGen Financial Group forced into liquidation

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... company, including AFCA determinations. "Directors, officers, and responsible managers of licensees may also be exposed to regulatory action by ASIC, including banning orders." Nutley added that this case shows ignoring an AFCA determination can not ...

APRA moves to ensure improved member outcomes

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
APRA is updating Prudential Standard 'Strategic Planning and Member Outcomes' (SPS 515) to enhance member outcomes in superannuation, including requiring trustees to justify business-related expenses. The regulator's changes seek to align expenditure ...

Iress Wealth appoints interim chief

ELIZABETH FRY  |  FRIDAY, 22 SEP 2023
... Bennelong Funds Management, where, as chief client strategy officer, she oversaw product development and management, regulatory affairs, and corporate sustainability. Before that, Haqqani held senior roles in financial services, including Milliman, Challenger ...