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

Search Results

Showing 1411 - 1420 of 6467 results for "Regulatory"

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
ASIC is appealing for superannuation trustees to adhere to their legal responsibilities concerning member funds following a review of 12 trustees. A recent review by ASIC revealed that most aren't meeting their legal responsibilities for managing incoming ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... underpin the IFM should be expanded to also acknowledge and account for the benefit entities receive from ASIC's regulatory activities. In line with this, the Review finds that the costs recovered through the IFM (including enforcement costs) remains ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... when engaging with their own members. As an example, he uses the current state of retirement income products. ASIC Regulatory Guide 38 The hawking prohibition states that a trustee can call a member "with information about different retirement income ...

ASIC permanently bans former financial adviser

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
Former financial adviser John Wertheimer has been banned by the regulator after he was convicted of using the Netwealth platform to access client accounts and make unauthorised transactions. In May 2020, Wertheimer made 48 unauthorised transactions ...

BlackRock Bitcoin ETF: A landmark institutional event?

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... sector as a potential game-changer. Further, he argues that BlackRock wouldn't pursue this venture amid current regulatory uncertainties surrounding cryptocurrency in the US market unless it was confident in its success. "BlackRock really understands ...

Rest appoints WTW as asset consultant

CASSANDRA BALDINI  |  MONDAY, 26 JUN 2023
... our members will continue to benefit from their strong knowledge of the Australian superannuation industry and the regulatory environment." WTW head of investments Australia Aongus O'Gorman added that the firm is delighted to be assisting Rest on ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... superannuation and trustees agreed that changes to APRA's prudential framework have sufficiently accounted for the regulatory costs imposed on the industry. APRA noted that while super industry respondents have tended towards lower ratings in previous ...

Equity Trustees reviews UK, Ireland businesses

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... the businesses are now well established with valuable licences, great teams and a solid foundation of clients, the regulatory environment continues to intensify and competition has increased significantly, leading to increased costs and pricing pressures ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
The long-awaited Compensation Scheme of Last Resort (CSLR) has been enshrined in legislation, with consumer advocates calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... users must read through the substantive provisions of the Act to identify advice-related provisions or look to ASIC regulatory guidance to address the defects in the law's communicative power," the ALRC said. Secondly, how advice provisions are currently ...