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Showing 181 - 190 of 665 results for "Reference"

FASEA urged to clarify in-house product conflicts

ELIZABETH MCARTHUR  |  THURSDAY, 5 NOV 2020
... broadsword to 'knock out' all 100 files in one hit, based on a perceived conflict by a disinterested person - without any reference to the specific recommendations made to each client." The Financial Planning Association of Australia (FPA), in its submission ...

Aussie asset managers fourth-fastest in global growth

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
Australian asset managers are the fourth-fastest growing of their global peers, clocking in 11.9% in compounded annual growth over the last five years, says a new report from Willis Towers Watson. Willis Towers Watson's Thinking Ahead Institute published ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
... highlighted was that: "The account managers engaged on behalf of OTM were instructed to "kill your customers", which was a reference to the purpose of the defendants to encourage deposits and trades and ultimately for those clients to lose their funds. ...

Transition away from LIBOR continues

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
ASIC, APRA and the RBA have joined forces in the transition away from LIBOR, which is expected to cease at the end of 2021. Last week, the International Swaps and Derivatives Association (ISDA) announced that it will launch the 2020 IBOR Fallbacks Protocol ...

AUSTRAC releases guidance on wildlife trafficking

ALLY SELBY  |  MONDAY, 12 OCT 2020
... trafficked animals in China, Hong Kong and Taiwan); considering international and domestic payments details that may reference the animal species purchased; tracking payments for animal-related goods and services; tracking payments made to individuals ...

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
J.P. Morgan will be forced to cough up more than $1.3 billion (US$920 million) after entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission. The agreements ...

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... likely to not maintain cover." The report, which includes findings, recommendations, and a paper on the framework for a 'reference product' for risk and uncertainty assessment, involved input from over 40 actuaries, and discussions with regulators, Treasury ...

End of Super Complaints Tribunal nears

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
... seek to clarify which Australian Bureau of Statistics reports are used to index AFCA's monetary limits and to correct a reference to legislation. A legislative cross reference to the definition of "CDR [Consumer Data Right] Participant" in AFCA's rules ...

MS sufferer fights CommInsure definition

ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
... pointing out that last month CommInsure updated its definition of MS for retail policies. The new definition removes any reference to demyelination or where it should be found. Instead it says: "The diagnoses of multiple sclerosis as certified by a relevant ...

NZ Super Fund posts positive result

ANNABELLE DICKSON  |  THURSDAY, 10 SEP 2020
... Future Fund. The $44.8 billion fund recorded a return of 1.73% for the year ending June 30 underperforming its benchmark reference portfolio which returned 3.82%. Comparatively, Australian MySuper products delivered an average return of -0.9% last financial ...