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Showing 231 - 240 of 976 results for "Agency"

Crackdown on SAN misuse continues

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
... multiple years and noticed funds listed that they had not audited. The auditor then got in contact with the ATO and the agency was able to take the appropriate action. "The agent will not be able to apply for registration for two years. Penalties will ...

Calls to axe TPB for financial advisers

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... of a new single disciplinary body for financial advisers, as recommended by the Royal Commission, could be yet another agency that advisers had to fund which duplicates regulation. "The single disciplinary body should have primary responsibility for ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... interpretations of important professional standards such as the Best Interest Duty (BID) requirement," he said. "Every agency tasked with overseeing the financial planning profession must be funded. Ultimately, they are financed by financial planning ...

Future Fund slashes fees

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
... from 1.62% to 1.13%. The fund classifies direct costs as management, transaction and operational fees it incurs directly. Agency remuneration, which came to $49.9 million, are direct costs for the Future Fund Management Agency staff. Look-through costs ...

State Street targets insurance outsourcing

KARREN VERGARA  |  TUESDAY, 13 OCT 2020
... fined $1.25 million by AUSTRAC for allegedly breaching 99 times its obligation to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws.

MySuper reforms could have downsides

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... market are always of concern. "It is ironic that acting in the investors interest puts super funds at odds with the ratings agency." Recent research from the Swiss Finance Institute also demonstrates that how funds choose external investment managers ...

AAA rating holds on by a thread

ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
... of Victoria, except for a modest tightening in New South Wales, which should support the economic outlook." The ratings agency said it expects interstate and international travel restrictions to remain in place, which will likely dampen recovery prospects ...

Investors take charge in C-suite equality

ANNABELLE DICKSON  |  THURSDAY, 1 OCT 2020
... partners Chief Executive Women, the Australian Council of Superannuation Investors, 30% Club and the Workplace Gender Equality Agency. The Association of Superannuation Funds of Australia also welcomes the campaign and is calling on the superannuation ...

Japanese bank makes major voting blunder

ALLY SELBY  |  FRIDAY, 25 SEP 2020
... "We wish to once again express our sincere apologies to all companies that have entrusted the provision of stock transfer agency services business to SuMi TRUST Bank and its consolidated subsidiaries, Tokyo Securities Transfer Agent and Japan Securities ...

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
J.P. Morgan Chase & Co is set to cough up close to $1.4 billion (US$1 billion) to shut down regulatory and government agency probes into market manipulation allegations on its precious metals and treasuries trading desk. As first reported by Bloomberg ...