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Showing 121 - 130 of 556 results for "Supervision"

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... going forward will be tougher regulation. "Our first area of focus will be to improve the speed, force, and agility of supervision," it said. "As the report shows, in part because of the Federal Reserve's tailoring framework and the stance of supervisory ...

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... "still far too many products delivering sub-standard investment returns to fund members". "As a result, APRA's supervision of poorly performing Choice products will intensify, and trustees can expect even greater scrutiny of their product offering. ...

Super performance test consultation opens

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... proposed changes to the Your Future, Your Super legislation Jones floated yesterday under Superannuation Industry (Supervision) Amendment (Your Future, Your Super- Addressing Underperformance in Superannuation) Regulations 2023. Changing the duration ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... borders," ASIC chair Joe Longo commented. "In our own domestic experience, we see persistent challenges around the supervision and enforcement of cross-border regulatory issues that cannot be tackled by domestic regulatory bodies alone." "Regulators ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... and unrealised capital gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw a minimum pension amount based on their age when they start an income stream. This minimum ...

TAA urges active recruitment for industry sustainability

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... advisers could work with educators, technology providers, licensees, and practices to develop programs that make the supervision, recording and assessment of PY requirements easier and more consistent. "When you're a small AFSL, supervising graduates ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... to the second biggest bank crash in its history. Overnight the Federal Reserve board announced that vice chair for supervision Michael Barr is leading a review, of the supervision and regulation of SVB, in light of its failure. "The events surrounding ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... framework as part of its strategic initiative to Modernise the Prudential Architecture (MPA)." According to its 2023 supervision priorities in superannuation, APRA said it is focused on rectifying sub-standard practices, eradicating unacceptable performance ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... AET and its technology investment program. Meanwhile, the group's funds under management, administration, advice and supervision (FUMAS) was recorded at $155.5 billion. This is 4.4% higher than the prior half. AET contributed additional FUMAS of $6.8 ...

Equity Trustees names super head

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... concentrate on independent outsourced trusteeship in the super sector. This led to a significant increase in funds under supervision from $1 billion to $40 billion. Equity Trustees managing director Mick O'Brien commented: "Andrew comes to Equity Trustees ...