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Showing 281 - 290 of 557 results for "Supervision"

AMP kept unsuspecting clients in the dark: RC

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... training and imposed certain restrictions. Mr E stayed because was new; a junior and with additional training and supervision, the committee believed he could improve, Britt said. Britt added she stands by AMP's "robust system" of detecting and terminating ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... clients should be allocated once advisers exited. The bank had no standard operating procedures, a "source of truth", supervision or an audit of such processes, he alleged. According to the memo, there were 257 paying clients who weren't receiving ongoing ...

ASIC lifts licence conditions on CountPlus subsidiary

KANIKA SOOD  |  MONDAY, 16 APR 2018
... compliance expert also reviewed aspects of TFSA's compliance arrangements, specifically in relation to monitoring and supervision of representatives. The compliance expert made a number of recommendations which have been implemented by TFSA," ASIC sa ...

SMSF trustees warned on non-compliant crypto

JAMIE WILLIAMSON  |  THURSDAY, 1 MAR 2018
... cryptocurrency on behalf of their SMSF as an individual - a clear but unintended violation of the Superannuation Industry (Supervision) Act 1993. Pleash said the cryptocurrency boom over the last 12 months has seen a number of SMSF trustees register ...

Conflicted SMSF auditor disqualified

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2018
... corporate trustee. Taylor was referred to the regulator by the ATO under section 128P of the Superannuation Industry (Supervision) Act 1993. The provision allows the Commissioner of Taxation to do so if they believe an approved auditor has contravened ...

ASIC seeks Deloitte to liquidate SMSF business

ALEX BURKE  |  TUESDAY, 27 FEB 2018
... to ASIC's statement, Superfunded may have breached the Corporations Act and parts of the Superannuation Industry (Supervision) Act relating to schemes that promote the "illegal early release of super." On top of this, the liquidation is justified because ...

O'Dwyer names CIPR advisory group

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
... shaping possible options and provide advice as to the scope of a retirement covenant in the Superannuation Industry Supervision Act 1993. O'Dwyer said this would require super trustees to design and offer appropriate solutions to members. O'Dwyer said ...

Advisers flock to IOOF

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JAN 2018
... advice. In an update provided to the ASX outlining the group's funds under management, administration, advice and supervision, IOOF placed its total FUMA at $120 billion as at the close of 2017. Funds under supervision totaled $34.6 billion. IOOF attributed ...

ASIC accepts EU from Brisbane adviser

KARREN VERGARA  |  FRIDAY, 19 JAN 2018
... undertaking will see Wright undergo additional training in providing financial product advice and must adhere to strict supervision requirements for 12 months. His advice will be audited by an authorising licensee before it is provided to clients. The ...

APRA announces new executive general manager

EMMA RAPAPORT  |  MONDAY, 11 DEC 2017
... strategy/chief risk officer. Therese McCarthy-Hockey, formerly of Deutsche Bank London, will be responsible for the supervision framework and enterprise strategy and risk functions, covering both the design and maintenance of the processes and techniques ...