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Showing 141 - 150 of 333 results for "Watchdog"

New rules for UK retirement income products

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... into drawdown and holding their funds in investments that will not meet their needs, namely low return cash funds. The watchdog estimates the issue is costing people up to $46 million annually, with about 100,000 people entering drawdown each year without ...

APRA, ASIC welcome Productivity Commission's superannuation report

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
The regulators overseeing financial services in Australia have welcomed the Productivity Commission's recommendations to grant them additional powers. After they were blasted in the Productivity Commission's final report into the efficiency and competitiveness ...

Regulators in Productivity Commission firing line

HARRISON WORLEY  |  THURSDAY, 10 JAN 2019
ASIC and APRA both scored scathing assessments in the Productivity Commission's superannuation report. The regulators sharing responsibility for the oversight of Australia's finance system copped a grilling in the Commission's final report ...

ACCC close to approving tobacco-free certification

KARREN VERGARA  |  MONDAY, 31 DEC 2018
... organisation Tobacco Free Portfolios is pushing to trademark 'tobacco-free' with Australia's competition watchdog and for the benefit of investors. The ACCC said it is considering accepting Tobacco Free Portfolios' application for a certification ...

Super a money laundering target: AUSTRAC

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
Australia's money laundering watchdog is warning superannuation funds they are serious targets for financial criminals, and provided advice on how to avoid getting stung. AUSTRAC released a guidance paper to the superannuation sector, outlining the ...

Former Australian cricket captain in crypto fail

JAMIE WILLIAMSON  |  TUESDAY, 23 OCT 2018
... Just last month ASIC issued a warning against misleading ICOs and crypto-asset funds targeting retail investors. The watchdog said it has taken action to stop several proposed ICOs and has also stopped the issue of a Product Disclosure Statement for ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
... investigation was launched to a breach report being lodged with ASIC, this took an average of 150 days. The corporate watchdog also put Bank of Queensland, Bendigo Bank, Credit Union Australia, Greater Bank, Heritage Bank, Macquarie and Suncorp under ...

ASIC co-deputy chair named

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... remain in their roles for one and two years respectively. O'Dwyer added an additional deputy will also give the corporate watchdog's leadership the flexibility to support the implementation and administration of its new powers and increased responsibilities ...

ASIC hits former Westpac, NAB, YBR adviser with permanent ban

ALEX BURKE  |  MONDAY, 5 MAR 2018
... action on those failing to deliver ongoing advice services to financial advice customers paying for such services. The watchdog outlined that instances in which licensees claiming to provide only general advice to retail clients while selling financial ...

ASIC to target non-compliant advisers and AFSLs

JAMIE WILLIAMSON  |  THURSDAY, 1 MAR 2018
... action on those failing to deliver ongoing advice services to financial advice customers paying for such services. The watchdog outlined that instances in which licensees claiming to provide only general advice to retail clients while selling financial ...