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Showing 131 - 140 of 655 results for "Reference"

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... advisers, universities, students and businesses." Yesterday, the government released for consultation the draft terms of reference for the Quality of Advice Review, which will consider how the regulatory framework could make financial advice more affordable. ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... account products, and traditional trustee company services. While the federal government has yet to release the terms of reference for the Quality of Advice Review in 2022, the ALRC anticipates that it will consider the findings before making recommendations ...

CFA Institute launches new ESG standard

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
... risks that could significantly hinder the attainment of the target portfolio-level ESG characteristic and provide a reference to any law, regulation, or third-party standard, guideline, or framework used to measure the portfolio-level ESG characteristic. ...

Westpac profit jumps 138%

KARREN VERGARA  |  MONDAY, 1 NOV 2021
Westpac reported a whopping 138% jump in statutory profit to $5.5 billion in its full-year September 2021 results. The bank attributed the earnings jump to a combination of turning around impairment charges and growing its mortgages, institutional and ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... acquisition or retention of members. Another licensee spent a significant amount over a three-year period while there was no reference to marketing or advertising in its business plan. Further, a super fund that entered into a multi-year sponsorship ...

ASIC looks to extend CFD intervention

ELIZABETH MCARTHUR  |  TUESDAY, 19 OCT 2021
... penalties. In the case against OT Markets it was found that account managers were instructed to "kill their customers" - a reference to the fact that staff were being encouraged to put clients in trades where they knew these clients would lose their ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
... broadly as anticipated, it could be appropriate to start reducing the pace of asset purchases this year." This is in reference to the US$120bn in monthly asset purchases -- at least US$80bn in Treasury securities per month and at least US$40bn in agency ...

Unlicensed crypto platforms robbing investors

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
Investors are making significant losses after investing in complex crypto-assets provided by unlicensed platforms, according to ASIC. The corporate regulator said investors trading in financial products such as options and futures are losing large amounts ...

APRA expands life insurance data reporting

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... General Insurance Performance Statistics and Quarterly Life Insurance Performance Statistics for the September 2021 reference period - will include the charges. Initial consultations for increased reporting began in 2020, but APRA received just nine ...

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
The Compensation Scheme of Last Resort (CSLR) will lock out victims of financial misconduct or fraud who pursue court proceedings - something that is inherently unfair, according to law firm Maurice Blackburn. Maurice Blackburn principal lawyer Josh ...