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Showing 1481 - 1490 of 3918 results for "law"

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... of August and passed both houses on 14 October 2019. The Financial Services Council was one of the first to welcome the new law, saying that it has consistently supported the ending of grandfathered conflicted payments. FSC chief executive Sally Loane ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... incentives of firms do not align with good consumer outcomes," the report said. It pointed to a case study from the Consumer Action Law Centre which found that payday loan providers were putting written warnings at the very bottom of their websites ...

AMPFPA selects law firm

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2019
The AMP Financial Planners Association has appointed a high-profile law firm to explore legal options available to its members following AMP's decision to alter its Buyer of Last Resort policy. The AMPFPA has selected Corrs Chambers Westgarth to ...

Code monitoring move disappoints industry

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... industry associations under professional standards reform. From the start of 2020 the financial advice Code of Ethics will become law and financial advisers will be expected to meet the code's standards. ASIC will be able to take action against those ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... trustees of their own fund, SMSF investors must remember that they are responsible for their fund's compliance with the law, even if they pay a professional to help."

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... major restructure of the business. The financial institution is currently facing a number of class actions, with a number of law firms competing to bring a case against it.

Volcker Rule tweak gets green light

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law." The rules come into effect on January 1 next year and have a compliance date of 1 January 2021. The five agencies ...

QMV kicks off legal practice, appoints lead

KANIKA SOOD  |  TUESDAY, 8 OCT 2019
... regulatory changes. It will also offer impact assessment studies for their funds. But QMV Legal is not looking to get into case law work. "We will certainly be looking at new hires. They will first and foremost have to have knowledge of consulting and ...

AUSTRAC orders audit of PayPal

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
... payments and transactions for millions of Australian customers every year, play a critical role in helping AUSTRAC and our law enforcement partners stop the movement of money to criminals and terrorists," AUSTRAC chief executive Nicole Rose said. "PayPal ...

Spotlight on super welcomed

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
The government's move to include compulsory superannuation in its retirement income review has been welcomed by the financial services sector. Responding to the government's establishment of a review of the retirement income system, the peak ...