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Showing 1391 - 1400 of 8728 results for "Regulator"

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
The government has been encouraged to create a regulatory framework that empowers superannuation trustees to offer members targeted help, guidance, and advice (HGA) on issues outlined in the Retirement Income Review (RIC). The Actuaries Institute dialogue ...

'Should have known better': AAT tells auditor

JAMIE WILLIAMSON  |  FRIDAY, 1 DEC 2023
A former auditor who was busted for auditing her own husband's SMSF has seen her disqualification upheld by the Administrative Appeals Tribunal (AAT). In August 2022, Janette Townshend was found to have breached independence requirements by auditing ...

Gender pay gap a crucial diversity metric: FSI

RACHEL ALEMBAKIS  |  FRIDAY, 1 DEC 2023
Improving reporting on gender pay gap and gender diversity will help investors assess where companies are addressing gender-based equality and inclusion and set the stage for engagement on diversity measures beyond gender, according to First Sentier ...

Morningstar cops greenwashing fine

KARREN VERGARA  |  FRIDAY, 1 DEC 2023
ASIC slapped Morningstar with a fine for allegedly exposing investors to controversial weapons companies after proclaiming that its environmental, social, and governance (ESG) policy strictly excludes such investments. Morningstar's International Shares ...

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
... advisers, to pre-emptively calculate and secure sufficient capital for potential redress liabilities. The financial regulator is also advocating for stringent measures against investment advisers lacking adequate capital, recommending automatic asset ...

Former adviser convicted over false documents

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
... of not being covered as it meant they had now met the duty of disclosure owed to the insurer. In 2017, the corporate regulator permanently banned Fong from providing financial services or engaging in credit activities. Three years later, Fong was charged ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... member service failures and misconduct leading to the erosion of superannuation balances will be focal points for the regulator in its 2024 enforcement action. "This case highlights the importance of a super trustee charging fees correctly and providing ...

ASIC confirms adviser registration deadline

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
... registered with ASIC. This excludes time-share advisers as well as provisional relevant providers. In preparation, the regulator released Information Sheet 276 FAQs: Registration of Relevant Providers and Information Sheet 277 Registration of Relevant ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... trustee directed products (TDPs) underperform their benchmark and exhibit higher administration fees. The prudential regulator's analysis based on the 2023 superannuation performance test showed that 56% of member accounts in platform TDPs managed by ...

BBY manager charged with aiding and abetting

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
ASIC charged another former employee of BBY with aiding and abetting the dishonest conduct of the stockbroking firm. ASIC alleges that Yat Nam (April) Yuen, who worked in roles such as manager of strategy, facilitated the transfer of large sums of client ...