Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 301 - 310 of 3470 results for "Compliance"

BUSSQ abandons appeal, concedes to licence conditions

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
... independent party to probe its fit and proper processes and expenditure management practices. The regulator adjusted compliance timeframes to clarify "the operation of the conditions" and to ensure the fund begins its required work "as soon as possible." ...

Super doesn't have to be 'boring', but innovation is key

ELIZA BAVIN  |  WEDNESDAY, 12 MAR 2025
... innovate, you're trying to be market leading, you're trying to push the envelope, and then you get traditional compliance and risk teams saying, 'But what about privacy? What about cybersecurity?' which I think are all very relevant questions," ...

Tokenisation can save US$135m in back-office costs: Study

KARREN VERGARA  |  FRIDAY, 7 MAR 2025
... tokenisation is expected to generate a 30% cost saving on fund accounting, 25% on transfer agency costs, and 24% on compliance monitoring, client reporting, and regulatory reporting. Overall, asset managers could achieve savings of 23% in operating costs ...

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
... generally improved over recent years, Lonsdale noted there are still areas of weakness, with some entities treating compliance as little more than "a box-ticking exercise." "By articulating our expectations more clearly and strengthening our capacity ...

Advisers grapple with AI, require support: Survey

KARREN VERGARA  |  THURSDAY, 27 FEB 2025
... AI-powered functionality, platform providers have integrated tools for portfolio commentary, meeting transcription, and compliance automation. Netwealth, for example, has introduced a generative AI-powered portfolio commentary tool. Its advisers can ...

Cbus appoints deputy investment chief

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
... chief Bernie Dean permanently took on the position of chief strategy officer. The month prior, it made the head of compliance, acting head of brand and marketing, head of marketing, communications, and insights, head of strategy, and head of investment ...

SelfWealth juggles takeover bids

MATTHEW WAI  |  FRIDAY, 21 FEB 2025
... can accept or recommend the Svava proposal, which could allow BFG to revise its proposal thereafter. Meanwhile, in compliance with its contractual obligations, SelfWealth has commenced the statutory process for the proposed scheme of arrangement with ...

SMSF sector continues to grow

ELIZA BAVIN  |  FRIDAY, 21 FEB 2025
... equities. "Despite concerns about the future of the wholesale investor test, the potential Division 296 superannuation tax, compliance requirements and cost of advice concerns, SMSFs remain in favour with distinct groups of investors and advisers who ...

BUSSQ handed stricter licence conditions by APRA amid appeal

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
... It added that the decision to impose additional licence conditions stemmed from prudential concerns over BUSSQ's compliance with these obligations. In January, the Federal Court dismissed BUSSQ's challenge. Now, BUSSQ's board has taken a ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... to report minor or technical breaches that don't result in a financial loss. The relief is intended to ease the compliance load on financial services firms under the reportable situations regime, which requires a prompt identification, fixing, and ...