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

Search Results

Showing 1341 - 1350 of 6467 results for "Regulatory"

Industry Fund Services enters strategic partnership

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... human-supported financial wellbeing services leveraging today's rapidly evolving technologies and utilising the changing regulatory landscape to help more Australians retire better," IFS chief executive Csaba Baranyai said. "This work will be research ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
ASIC has proposed a five-year extension to the design and distribution obligations (DDO), the instrument for which was originally set for a two-year period. DDO was introduced following a recommendation from the 2019 Financial System Inquiry to compel ...

Equity Trustees to exit UK, Ireland

ANDREW MCKEAN  |  TUESDAY, 15 AUG 2023
... continuing to fund operating losses until the divestment is complete. "As advised in a market announcement on June 22, the regulatory environment continues to intensify, structural changes are occurring in the market and competition has increased significantly ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
Challenger Life reaped the benefits of regulatory reforms in the 2023 financial year and a greying population as retail and institutional investors alike increasingly turn to retirement income products. Annuity sales stemming from the domestic retail ...

Equity Trustees combines super, trustee arms

JAMIE WILLIAMSON  |  FRIDAY, 11 AUG 2023
... its operations in the UK and Ireland, citing increased costs and pricing pressures associated with an intensifying regulatory environment and greater competition. EQT said it is considering all strategic options for the six-year-old business. As first ...

APIR reports surge in new financial products

ANDREW MCKEAN  |  FRIDAY, 11 AUG 2023
APIR Systems has noted a significant rise in the registrations of new financial products, particularly of managed funds and managed accounts. According to APIR chief executive Chris Donohoe, while product registrations were slightly down from the previous ...

APRA finalises framework for MySuper products

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
APRA has released a technical determination, aiming to standardise the amalgamation of MySuper product performance histories. The announcement marks the culmination of consultations held in April 2023. The Superannuation Technical Determination No.1 ...

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
ASIC is suing a debt management firm and its director after it found only 5% of customers achieved a debt reduction and some payments made by customers were never even passed on to their creditors. ASIC has commenced proceedings in the federal court ...

Wall Street firms slugged $442m for recordkeeping breach

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... Sanjay Wadhwa commented that recordkeeping failures such as these undermine the SEC's ability to exercise effective regulatory oversight, often at the expense of investors. "The 11 firms settling today have acknowledged that their conduct violated the ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... obligations (DDO). During her introductory speech at the General Counsel Summit, ASIC deputy chair Sarah Court said if the regulatory body achieves a favourable outcome in the ongoing proceedings, it will send a clear deterrent message to other industry ...