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Showing 1691 - 1700 of 6733 results for "Review"

Funds valued illiquid asset correctly: ASIC

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... COVID-19. ASIC found that the responsible entities of the funds were responsive to the increased valuation risks during its review period of 1 March and early November 2020. "They continued to provide timely valuations of their illiquid assets, including ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
Despite reporting a $1.4 billion profit boost, Commonwealth Bank's legacy financial advice business and legal troubles continue to eat away at the bottom line. In releasing its FY21 results this morning, CBA's provisional remediation bill owed ...

NAB to buy Citigroup's Australian consumer banking business

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... servicing high net worth and self-directed segments, through its Private Wealth division," it said in ASX filings. "NAB will review opportunities to extend its private wealth offer to Citigroup's clients and potentially utilise relevant services offered ...

Asendium partners with regtech

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... document preparation. The integration will increase efficiencies in both systems and for the overall advice creation and review process, resulting in less time to conduct audits, Asendium chief executive Scott Miller said. Miller said: "Through our Fourth ...

Super fund member meetings under the spotlight

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
Superannuation funds need to lift their game when it comes to annual member meetings as ASIC found that many should be giving members a better opportunity to have their voices heard. While the the corporate regulator did not identify significant failures ...

Westpac tops fee-for-no-service misconduct

KARREN VERGARA  |  THURSDAY, 5 AUG 2021
... (ADGs) comprising Millennium3 Financial Services, RI Advice and Financial Services Partners. IOOF will continue customer review and remediation for non-compliant advice in relation to the ADGs using the same independently assured framework implemented ...

Former Millennium3 representatives cop ban

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... Millennium3 reported the fee-for-no-service breach to ASIC. The directors can apply to the Administrative Appeals Tribunal for a review of ASIC's decisions.

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
The corporate regulator is urging TPDinsurance providers to act on gaps in their processes by improving data capabilities after previously flagging concerns including declining claim rates, withdrawn claims and poor claims-processing times. ASIC's Report ...

Fairfax family office awards mandate

ELIZABETH MCARTHUR  |  MONDAY, 2 AUG 2021
... provider. Investment Control Systems (ICS) will implement ICS ATHENA for Marinya Capital. "As part of an operating model review, this was a great time to enhance our capabilities and implement a modern data platform within the business. The local team ...

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
... Ironbridge. At the time, the company claimed $500 million in annual turnover. Earlier this month, the Australian Financial Review reported Tandem was placed into administration over $400 million in sham contracting claims, as one of its subsidiaries ...