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Showing 11 - 17 of 17 results for "Risk Financial"

ASIC extends binary options ban

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
... only made net profits of $1.7 million. ASIC deputy chair Karen Chester said: "Binary options are harmful, high-risk financial products resulting in millions of dollars in losses for retail investors before our ban. Extending our binary options ban until ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
... relating to a targeted range of financial products and services, excludes managed investment schemes or other high risk financial products. "We've made sure banks pay towards the cost of establishment of the CSLR, and I'm yet to see an example ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... systems upgrades, corporate restructures or paying fines. APRA is seeking feedback on the use of the operational risk financial requirement (ORFR), reserving practices, and protections afforded to trustees via insurance, and how these might need to adapt ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
... might be relevant when providing comprehensive advice, but undermines the provision of scaled, simple issue and low risk financial advice. Instead, the code of ethics should be the primary instrument and single source of truth for determining compliance ...

Australian Ethical further reduces super fees

DARREN SNYDER  |  FRIDAY, 24 JUN 2016
... fees charged to super members will reduce by 0.22%. Of that amount, 0.07% is a reduction of the fund's operational risk financial requirement levy. The funds under management-based revenue margin has been adjusted to 1.24%, down from 1.74% in the 2015 ...

Retired mothers need financial help

DARREN SNYDER  |  TUESDAY, 10 MAY 2016
The lengths Australians go to in order to financially support their parents in retirement has been detailed by an industry superannuation fund survey. Last month REST Industry Super spoke to 1052 Australians who were over 18 and providing financial ...

Think big on scale, ORFR: APRA

MELANIE TIMBRELL  |  TUESDAY, 21 AUG 2012
... consultation process and subsequent public forums, APRA's deputy chair Ross Jones said his advice on both the Operational Risk Financial Requirement (ORFR) and the scale test was for funds to keep the spirit of the reform in perspective. Many submissions ...
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