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Showing 1961 - 1970 of 3516 results for "compliance"

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
... claim timeframes, restrictions of surveillance and greater levels of consumer communications transparency. Should non-compliance occur, insurers will incur what the FSC described as 'strong sanctions'. These could consist of a formal warning, a compliance ...

Disengaged members vulnerable in super

EMMA RAPAPORT  |  MONDAY, 3 JUL 2017
... members are adequately informed of decisions affecting them." The findings of this report will inform two of ASIC's compliance projects which are underway in superannuation for 2017, 'Employers and Super' and 'Insurance in Super'. The superannuation ...

FPA supports ASIC independence definition

KARREN VERGARA  |  FRIDAY, 30 JUN 2017
... acknowledges the uncertainty the definitions raise in the financial advice industry and will give advisers a six-month compliance period to update websites and documents to remove terms such as 'independently owned', 'non-aligned' or 'non-institutionally ...

Super fund inks multi-million dollar tech upgrade

EMMA RAPAPORT  |  THURSDAY, 29 JUN 2017
... industry best practice security tools whilst adopting Azure to improve the resiliency of our technology and improve compliance and risk postures." Dimension Data Australia chief executive Steve Nola said: "Super funds operate in a highly competitive ...

ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
... industry as to where claims of independence or non-institutional alignment are acceptable or restricted. To combat this, a compliance period of six months will be afforded by ASIC to allow advice firms that do not satisfy the conditions in s923A to amend ...

RG 133 review reveals poor compliance

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
... asset holding requirements are falling short of ASIC expectations, showing generally poor levels of understanding and compliance with Regulatory Guide 133. These findings form part of an ASIC report outlining an extensive review of 21 responsible entities ...

Insurer must refund $330k

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... licence. It must: Refund the life premium paid by affected customers plus interest; Engage an independent external compliance expert approved by ASIC, to review its compliance practices and report to ASIC; and Refund more than $330,000 in insurance premiums ...

FSU calls out NAB for lack of standards

JAMIE WILLIAMSON  |  TUESDAY, 20 JUN 2017
Any compliance breaches made by NAB Financial Planning around the incorrect witnessing of Beneficiary Nomination forms prior to 31 May 2017 should not be included in the new conduct background check protocol. That is the view of the Finance Sector Union ...

Wealth firm lists on ASX with $7.3m IPO

ALEX BURKE  |  TUESDAY, 20 JUN 2017
... 12 offices in Sydney and one in Hong Kong and offers a range of services covering financial advice, accounting, tax compliance, family office, SMSFs and insurance. The firm's IPO was independently advised by Grant Samuel and Morgans acted as sole lead ...

Equity Trustees appointed RE to multinational group

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... different investment markets, will benefit from having an RE offering convenience and industry knowledge about all the compliance and issues involved in overseeing a fund." "Our role is to take full responsibility for ensuring the fund is operating within ...