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Showing 1431 - 1440 of 2809 results for "Regulation"

Super returns dip in September quarter

JAMES FERNYHOUGH  |  FRIDAY, 28 NOV 2014
... compared to the June quarter, according to the second batch of MySuper statistics released by the Australian Prudential Regulation Authority (APRA). The figures show balanced MySuper products delivered on average 1.5% net returns to members, compared ...

APRA's IT infrastructure strains

ALEX DUNNIN  |  FRIDAY, 28 NOV 2014
In an extraordinary admission, the Australian Prudential Regulation Authority (APRA) has written to super fund trustees telling them APRA's information technology and data management systems are struggling to deal with the new data reporting regime ...

Treasury seeks consultation on adviser register

LAURA MILLAN  |  THURSDAY, 27 NOV 2014
... December 17. The adviser register will be implemented as an amendment to the Corporations Act and approved through regulation. The Treasury's explanatory statement proposes that the register reveals adviser practices' ownership when the licensee owns ...

Industry welcomes grandfathering deal

LAURA MILLAN  |  WEDNESDAY, 26 NOV 2014
... support of the upper house. The agreement between the Coalition and Labor gives the government the numbers to pass the regulation through the Senate. The regulation will commence the day after it is registered, before the end of the year. The changes ...

Independent dealer groups eye Genesys practices

LAURA MILLAN  |  TUESDAY, 25 NOV 2014
... government's changes to the Future of Financial Advice (FoFA) legislation. As a consequence of the disallowance, the regulation that fixed the grandfathering issue is not in place anymore and advisers cannot change dealer groups without losing grandfathered ...

Further raise pension age, says Future Leaders winner

JAMES FERNYHOUGH  |  TUESDAY, 25 NOV 2014
... four hot topics: MySuper and competition; the Asia region funds passport; the Financial System Inquiry (FSI); and the regulation of the financial services industry. Flegg chose to present on the FSI, and focused on the problem of the ageing population ...

Grandfathering set to become next advice battlefield

LAURA MILLAN  |  FRIDAY, 21 NOV 2014
... grandfathered commissions if they changed licensees, an issue that the government's proposed regulations fixed. The regulation around grandfathering started in July 1, 2014, ad some advice businesses have already started the process of selling their ...

Cormann to keep up the FoFA fight

ALICE URIBE  |  THURSDAY, 20 NOV 2014
The government will continue with its quest to push through amendments to the Future of Financial Advice (FoFA) reforms despite last night's crushing defeat in the Senate. Finance Minister Mathias Cormann told ABC Radio this morning that the government ...

Industry furious at financial advice swap

AAP & ALICE URIBE  |  THURSDAY, 20 NOV 2014
The financial services industry responded with ire after the Future of Financial Advice (FoFA) laws were demolished in the Senate overnight. Labor, the Greens and four crossbenchers, including Palmer United Party's Jacqui Lambie, argued the Coalition's ...

ASIC to scrutinise intra-fund advice

JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
... important, but we want to make sure it's going to be offered properly." Kell shared the stage with Australian Prudential Regulation Authority (APRA) member Helen Rowell. Rowell was asked to comment on APRA's interest in intra-fund advice. "It's something ...