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Showing 1321 - 1330 of 6586 results for "Review"

Neobank Volt closes its doors

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
Australian neobank Volt, the first of its kind to receive a full banking licence from APRA, is closing its doors and urging customers to withdraw all funds from accounts before July 5. In a statement, Volt said the decision was made by the board after ...

ASIC urges market to improve outage resilience

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... implementing and improving the resilience of the Australian equity market during outages. ASIC released the findings of its review into the ASX outage in November 2020 and other incidents at the time. "The ASX broadly adhered to its procedures for incident ...

Andrew Formica to return to Australia

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUN 2022
... strategic insights, leadership skills and unwavering focus on client outcomes," Jupiter said. "Having undertaken a thorough review of potential internal and external candidates with the assistance of external advisers, the board is pleased to select ...

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
AMP has called for the federal government to review life insurance model fees and caps placed on financial advisers, warning the current climate will lead to an underinsured population. The wealth manager picked at old wounds in its submission to the ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... aspects of the test to suggest it was not relevant to the product that was failed, ASIC said. Further, ASIC said: "Our review suggested that often the primary aim of trustees whose product failed the test was to retain members, even if this involved ...

Government commits to Quality of Advice Review in current form

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
Minister for financial services Stephen Jones has met with independent reviewer Michelle Levy to discuss the ongoing review. In a statement, Jones confirmed he has met with Levy and supports the review continuing under its current Terms of Reference. ...

Sue Brake to leave Future Fund

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
... the Future Fund during a time of unprecedented change in global markets and economies. "Her leadership and work on the review of the investment strategy leave a significant and positive legacy at the Future Fund." "We wish Sue all the very best for the ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
The Joint Associations Working Group has told the Quality of Advice Review to reduce compliance burdens and to enable the delivery of affordable, accessible advice to more consumers. In a statement, the collective of professional associations called ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... Advisers (AFA) and the Financial Planning Association of Australia (FPA) have used their submissions to the Quality of Advice Review to call for regulatory certainty. Releasing their submissions yesterday, both industry bodies have called out the pressure ...

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI  |  WEDNESDAY, 15 JUN 2022
... $869.60 per week, wages below will receive an increase of $40 per week. The most significant changes since last year's review decision have been the sharp rise in the cost of living and the strengthening of the labour market. "The Panel concluded ...