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Showing 201 - 210 of 1882 results for "Authority"

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... before to amplify shocks in the financial system". The RBA said for these reasons, the Australian Prudential Regulation Authority is stepping up the intensity of its supervision of superannuation funds. Australia's super sector is worth $3.9 trillion ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
The Australian Prudential Regulation Authority (APRA) has put superannuation platform products under the microscope, saying their higher fees and costs are eroding members' retirement savings. Platform TDPs charged higher administration fees and costs ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... received Royal Assent earlier this week, aims to strengthen the existing regulatory regime, giving the regulators the authority to monitor, manage, and respond to risks related to financial market infrastructures - the key entities that enable, facilitate ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... compensation for Dixon Advisory victims has reached $338.6 million, according to the Australian Financial Complaints Authority (AFCA), affecting nearly 2800 victims. Evans and Partners did not respond to Financial Standard's request to comment on ...

AFCA consults on superannuation life insurance disputes

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
The Australian Financial Complaints Authority (AFCA) is seeking feedback on how it approaches dealing with common life insurance related complaints. The external dispute resolution company is specifically consulting on two draft approach documents for ...

VFMC appoints deputy chair

ELIZABETH FRY  |  TUESDAY, 3 SEP 2024
... with experience in executive roles in the public sector. This includes interim chief executive of Suburban Rail Loop Authority and group head, advisory and civic infrastructure at Development Victoria. He's also previously served as chief of staff ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The Australian Prudential Regulation Authority (APRA) has published its latest corporate plan as well as some changes to its internal structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks ...

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... its troubled advice firm Libertas Financial Planning last year, which failed to pay an Australian Financial Complaints Authority (AFCA) determination two months prior to it folding. Sequoia is grappling with a string of matters related to "the provision ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... Trustee with procedural fairness and natural justice," BUSSQ said. BUSSQ chair Chris Taylor added that APRA has the authority to investigate the fund's policies and expenditures if they believe there's any risk to its members. APRA imposed additional ...

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to ANZ to $750 million in response to heightened concerns about the bank's non-financial risk management practices. APRA said it has longstanding concerns ...