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Showing 141 - 150 of 557 results for "Supervision"

Advisers receive guidance on rights under FSCP

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... to ASIC to have a decision varied or revoked where the decision directed the adviser to undertake further training, supervision, counselling, reporting, or where an order suspending or cancelling their registration has been made. "ASIC will determine ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... APRA has said it's looking for 'transformation by action' across the super sector. The regulator super policy and supervision priorities introduced themes of 'protected today' and 'prepared for tomorrow' with respect to making decisions in members' best ...

Wayne Byres to stand down

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
... for the Australian community." Byres has been with APRA since its establishment in 1998, working across policy and supervision. He previously worked at the Reserve Bank of Australia for more than a decade, including a secondment to the Bank of England. ...

UK regulator appoints Camille Blackburn to leadership team

CASSANDRA BALDINI  |  WEDNESDAY, 6 JUL 2022
... Ireland. In the newly created role at the FCA, Blackburn will be responsible for policy development and the effective supervision across asset management, alternative investments, custody banks and investment research. FCA said in a statement it's expanding ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... Finally, the long-awaited Retirement Income Covenant (RIC) that has been introduced to the Superannuation Industry (Supervision) Act 1993 also takes effect July 1. It imposes a new obligation upon superannuation fund trustees, other than SMSFs, to develop ...

Good isn't good enough for the super system: Byres

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
... products and practices, using a combination of the government's annual performance test, our own heatmaps, intensified supervision and when needed a more muscular approach to enforcement." Byres' rhetoric paralleled the strategic super priorities covered ...

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
... clarity in that space to ensure that that doesn't happen." Amendments to Section 56 of the Superannuation Industry (Supervision) Act 1996 were made as part of the government's response to the Royal Commission with the intention of preventing ...

Blue Crane Capital launches fintech tool for SMSFs

CHLOE WALKER  |  WEDNESDAY, 9 FEB 2022
... response to its observation that the SMSF sector could grow in response to changes to the Superannuation Industry (Supervision) Act (SIS Act) in July 2021. Under the changes, SMSFs can now have up to six trustees instead of the previous limit of four. ...

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
... the rainy day funds created by superannuation funds following recent amendments made to the Superannuation Industry (Supervision) Act 1993. The hearing, scheduled for February 10, is part of the committee's ongoing review of the four major banks ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
The prudential regulator has outlined its policy and supervision priorities for 2022, saying its prime focus is rectifying sub-standard industry practices and eradicating unacceptable product performance. Released yesterday, APRA said it will continue ...