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Showing 251 - 260 of 1533 results for "Assessment"

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
Despite persistently high inflation, the Federal Reserve has chosen to keep the current target range for the federal funds rate at 5-5.25%. The Federal Open Market Committee (FOMC) opted to hold the funds rate steady, citing the need to assess additional ...

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... with several receiving an Order of Australia. This year, former Macquarie managing director and Financial Regulator Assessment Authority chair Nicholas Moore was appointed an officer of the order of Australia (AO). Moore has served as the federal government's ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... Mitrade's steps to reduce the likelihood of distribution conduct being inconsistent with the TMD included inadequate assessment of whether retail investors were likely to be in the target market for the CFDs, in the questionnaire or otherwise," it added. ...

No longer an accumulation game: ART

CHLOE WALKER  |  THURSDAY, 1 JUN 2023
... allocate to the product. "Given that innovative retirement income streams is still a new space, the product comparability assessment is still developing," Spragg noted. "When you view it within the lens of the Retirement Income Covenant (RIC), when we're ...

No regrets: Hayne reflects on Royal Commission

KARREN VERGARA  |  TUESDAY, 30 MAY 2023
... wondered if customers nowadays are more empowered to make informed decisions. "If the customer cannot make any independent assessment of fitness for purpose and cannot make any useful price comparison, the customer makes the choice to accept or reject ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
The Australian Financial Complaints Authority (AFCA) has shed light on what it considers systemic shortcomings in the superannuation, investment, and financial advice industries. The AFCA Systemic Issues Insights report identified multiple instances ...

PwC picks senior leaders to oversee review

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
... as chief risk and ethics leader immediately and help conduct the implementation of the external review findings. The assessment of PwC will dive into its governance, accountability and culture, which includes how the firm applies its professional values ...

Super fund members eye change

ANDREW MCKEAN  |  FRIDAY, 12 MAY 2023
The superannuation industry is witnessing a 13-year peak in members' intention to switch funds, according to the latest Super member engagement report by Investment Trends. The report revealed that this surge in switching intention aligns with a substantial ...

ASIC, APRA reviewer deprioritised by government

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
Only two years on from its creation, the government is cutting the Financial Regulator Assessment Authority's funding, in a move that will see it only review the activities of ASIC and APRA every five years. The Authority, which commenced 1 July 2021 ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... stream benefits. The government said this finding is at odds with the original intent of the policy under the Income Tax Assessment Act 1997 and could lead to adverse outcomes for certain veterans. While the legislation was introduced, it is yet to pass. ...