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Showing 1401 - 1410 of 6467 results for "Regulatory"

Frontier calls for better unlisted asset valuations

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
... carefully structured and regularly reviewed. This ensures they are fit for purpose in a constantly changing economic and regulatory environment." Meanwhile, on redemption periods, Frontier expressed its comfort with longer lock-in periods, provided they ...

ASIC permanently bans David Sutton

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
ASIC has permanently banned David Sutton from providing any financial services and disqualified him from managing corporations for five years. The regulator also cancelled the Australian financial services licence (AFSL) of McFaddens Securities, now ...

More assets held in Choice over MySuper: APRA figures

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
More member assets are held in Choice products than in MySuper options, according to quarterly superannuation industry statistics by APRA. As of March 31, Choice products held $1.09 trillion of the total member assets held in APRA-regulated funds ($2.1 ...

ASIC deepens investigation into Magnolia founder

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
The Federal Court has extended the travel ban on Magnolia Capital's founder as he faces an ASIC investigation that alleges $40 million of investor money has gone missing. Mitchell Atkins, also the managing director and chief investment officer of Magnolia ...

RIAA chief executive to exit

ROSE MARY PETRASS  |  FRIDAY, 30 JUN 2023
... from "a cottage industry on the side-lines" to "right in the centre of core financial services discussions, focus and regulatory development". Ross Piper, chair of the RIAA board, commented: "Simon has been a highly effective, influential and catalytic ...

AUSTRAC drops action after Bell FG audit

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
... over a year, the regulator said it reviewed the final report for each entity and has decided not to undertake further regulatory action. However, AUSTRAC reiterated the importance of Bell meeting its compliance obligations in the future. "AUSTRAC will ...

Netwealth relaunches Wealth Accelerator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... Accelerator's enhanced tax reporting capabilities simplify end-of-year reporting for financial advisers, helping them meet regulatory, accounting, and tax obligations. "Additionally, our feature-rich online portfolio management tools empower advisers ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... cost about $18.1 million and supervision and surveillance would cost $9.5 million. The balance is split across other regulatory activities like industry engagement and policy advice, and more than $23 million in indirect costs pertaining to IT support ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... comply with the law. We are concerned about some of the failures uncovered in our review and are considering other regulatory action for more serious concerns," she said. "We expect all trustees to closely review their policies and procedures against ...

Asset managers ride the storm: Research

CHLOE WALKER  |  WEDNESDAY, 28 JUN 2023
... external challenges, 57% of respondents said that financial market volatility is a top challenge in the industry, with regulatory change coming in second as the most impactful challenge. "While extreme volatility will hopefully diminish, the reality ...