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Showing 1781 - 1790 of 3513 results for "compliance"

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... improper use of client funds; misleading conduct in regards to qualifications or authorisations; falsifying customer or compliance documentation; deliberate overcharging of fees; providing poor advice; and failures to comply with disclosure obligations. ...

ASIC lifts licence conditions on CountPlus subsidiary

KANIKA SOOD  |  MONDAY, 16 APR 2018
... conditions it imposed on a CountPlus subsidiary after it paid $2.5 million in remediation to its clients following a compliance issue in 2015. In September, 2015 ASIC placed additional licence conditions on Total Financial Solutions's Australian financial ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... the advice hearings. Further, AMP acknowledged that since 2009 it has identified 81 advisers with potential serious compliance concerns. In the same period, AMP has identified 440 advisers with potential other compliance concerns, including breaches ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... chair Peter Kell conceded the regulator has failed to effectively monitor advice provided by industry funds for its compliance with the best interests duty introduced under the Future of Financial Advice (FoFA) reforms. Responding to questions about ...

Netwealth sells Pathway

JAMIE WILLIAMSON  |  FRIDAY, 13 APR 2018
... Australian Unity in March. This marks the second acquisition by IRESS in less than a month, having acquired digital advice compliance business Lucsan. Lucsan provides financial advisers with comprehensive compliance coverage including daily oversight ...

Industry Super Australia chief executive resigns

ALEX BURKE  |  FRIDAY, 13 APR 2018
... position at IFM Investors in September. Before ISA, he was a director at HESTA and STA as well as a member of the audit, compliance and risk management committee at AustralianSuper. Commenting on Whiteley's departure, ISA chair Peter Collins said: "Under ...

SG non-compliance declining: ATO

KARREN VERGARA  |  FRIDAY, 13 APR 2018
... of paper-based, electronic and hybrid processes, which do not meet SuperStream standards. When the ATO discussed non-compliance with individual funds and businesses, it highlighted several patterns have emerged. Electronic payments such as BPAY and direct ...

Geoff Wilson appointed to 8IP board

KANIKA SOOD  |  WEDNESDAY, 11 APR 2018
... also announced the appointment of non-executive director Robin Burns. Burns is currently a member of PIMCO Australia's compliance committee. He is also a non-executive director and chair of the risk and compliance committee at payment platform Indue. ...

SMSF tool receives industry tick

HARRISON WORLEY  |  MONDAY, 9 APR 2018
... The SMSF regulator's new bulletin ensures the SMSF sector is given timely updates on any new or emerging potential compliance risks stemming from superannuation regulatory and income tax arrangements. The association, which represents 1.1 million SMSF ...

Royal Commission to take "labyrinthine" advice legislation to task

ALEX BURKE  |  MONDAY, 9 APR 2018
... industry pressure on governments and regulators to supply black-letter prescriptive rules and guidelines that allow compliance risk to be managed internally by firms using a check-box approach. "As a result, the legislation has been justifiably described ...