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Showing 121 - 130 of 576 results for "Scrutiny"

APRA probes super fund payments to unions

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
... relationships between superannuation funds and unions. APRA deputy chair Margaret Cole confirmed the regulator's ongoing scrutiny into certain transactions. While refraining from naming any entities involved, she highlighted a particular case whereby ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... cooperation with AFCA, led to the matter being referred to ASIC. CFDs and their issuers have faced significant regulatory scrutiny of late. Just last week, ASIC issued stop orders to Saxo Capital Markets which were then revoked after it made changes ...

Australia lags in global fund disclosure: Morningstar

ANDREW MCKEAN  |  THURSDAY, 18 MAY 2023
... this fact, given the lack of compulsory disclosure." Additionally, cash disclosure requirement is obscure, preventing scrutiny or informed analysis, the report continued. "The grouping of derivatives into types is meaningless. Take swaps: Is this swapping ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
ASIC will tighten its scrutiny of greenwashing as part of the Labor government's crackdown on protecting investors against investment scams and other misconduct from product issuers. Federal treasurer Jim Chalmers bolstered ASIC enforcement activity ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... meet their TMD review obligations, they needed to use review triggers more effectively and improve processes. "Closer scrutiny of DDO is coming," warned Chester. "All investment product issuers should read our report, titled Design and distribution obligations ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... still delivering high fees and poor investment performance," SCA director Xavier O'Halloran said. "We welcome greater scrutiny promised by the regulator, but these funds also have to take responsibility given they have a legal duty to act in the best ...

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... result, APRA's supervision of poorly performing Choice products will intensify, and trustees can expect even greater scrutiny of their product offering. Trustees with products that are underperforming or have unjustifiably high fees - or both - will ...

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... products," Scheerlinck said. "Although applying the test to trustee-directed products from this year broadens the scope of scrutiny, it was not unexpected and falls short of our position that that all APRA-regulated accumulation products should be tested ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
... replacement program. The ASX, its subsidiaries ASX Clear and ASX Settlement, and responsible directors and officers are under scrutiny for their role in failing to replace the settlements system and the technology that underpins it. ASIC is investigating ...

Economic landscape spurs advice model rethink

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... vicinity of 8-10% per annum from equities. With more conservative returns on the horizon, advisers can expect greater scrutiny of their investment philosophy, processes, and performance, not only from clients but potentially from regulators," the report ...