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

Search Results

Showing 1521 - 1530 of 3506 results for "compliance"

Poor governance spurs calls for directorship caps

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2019
... culture from the top down." "It cannot be based around an attitude of it being a 'box-ticking' exercise for compliance purposes." Estimating the time she spends on board-related matters, Brennan said at least one day a week. She sits on just ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... of millions of Australians and ensure that APRA can take effective action, including addressing underperformance and compliance with the best interests duty. He added the new law was another example of the Government taking action on Commissioner Kenneth ...

MGP looks inward for new leaders

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... candidates to fill a raft of positions in its executive and distribution teams. Current head of risk management, legal and compliance Craig Giffin has been promoted to chief risk officer. Giffin first joined the group in 2016 as a consultant, and has ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... time ASIC conducted surveillance of AMPFP's MDA services and advice business. This involved on-site interviews with compliance personnel about processes and systems, and with advisers who provide MDA services and advice. It also included reviews of documented ...

Superannuation funds flag $113bn merger

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... In 2017, the combined funds had over $60 billion and 770,000 members. Rainmaker executive director of research and compliance Alex Dunnin said the state of Victoria's defined benefit superannuation obligation (via its association of the Emergency Services ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... client files, the regulator became concerned that some of SMSF Adviser Network's advisers failed to demonstrate compliance with the best interest duty and related obligations. The watchdog found Statement of Advice (SOA) documents used by the group ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... light approach to super in this year's Budget. "Many SMSF trustees and their advisers are still experiencing the compliance impacts of the 2016 Budget changes that began on 1 July 2017, so the fact there are no more major changes in the pipeline ...

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... sole purpose test during 2019, and indicated that the review of this guidance would involve ASIC in instances where compliance with the sole purpose test has been brought into question. APRS also reminded trustees that its new prudential standard PS ...

CPD policy publication deadline looms

KARREN VERGARA  |  THURSDAY, 28 MAR 2019
... ensure that at least 70% of the hours counted by its advisers are for licensee approved activities; check advisers' compliance with the policy against FASEA requirements; record and maintain evidence of advisers completing CPD activities; and ensure ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... risks associated with LRBAs. APRA's lending standards have been strengthened and ASIC's scrutiny of responsible lending compliance has increased. Treasury said in a statement that the Financial Adviser Standards and Ethics Authority's setting of new ...