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Showing 301 - 310 of 1664 results for "Review of"

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... Bank is in very good hands as it deals with the current inflation challenge and implementing the recommendations of the review of the RBA. I wish Michele all the best," he said. While Chalmers said it was the right call, he added that it was not an easy ...

Lowe hands down RBA board shake up

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
... Philip Lowe has announced significant changes that will be implemented by the central bank in response to the recent review of its processes. In what is potentially his last speech as governor, Lowe explained that while the government concluded that ...

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... has transformed, putting in place robust compliance controls and systems. The broker also commissioned an independent review of the design of its trade systems back in 2021. Meanwhile, ASIC banned Openmarkets former acting head of trading Virginia Owczarek ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... unlicensed advice, adviser registration, administration of the adviser exam, the Financial Services and Credit Panel, and the review of the Life Insurance Framework. The release of the indicative cost recovery follows minister for financial services ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... consolidation must be undertaken at least once each financial year - an obligation written into law a decade ago. A recent review of nine trustees by ASIC found three of the nine did not have documented business rules for identifying and merging multiple ...

BUSSQ dumps fixed interest, shares options

JAMIE WILLIAMSON  |  WEDNESDAY, 28 JUN 2023
Following a review of its investment menu, BUSSQ opted to close two of its options last month. The $6 billion industry super fund has closed its Diversified Fixed Interest and All Shares investment options, citing lack of member demand. According to ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... appealing for superannuation trustees to adhere to their legal responsibilities concerning member funds following a review of 12 trustees. A recent review by ASIC revealed that most aren't meeting their legal responsibilities for managing incoming member ...

TelstraSuper introduces new option, drops premiums

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
... secured by property. Elsewhere, members will also benefit from reductions to their income protection premiums. Following a review of its arrangements with MLC Life, TelstraSuper said income protection premiums will come down as much as 30% for some members. ...

Senate report labels PwC breach calculated, deliberate

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... the seriousness of the issue, hoping that standing down its chief executive, Mr Seymour, and announcing the Switkowski review of PwC Australia's culture, governance, and accountability, would suffice to assuage public concern," it said. "... the ...

Advance Asset Management ceases direct distribution

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
... distribution strategy. In a statement to Financial Standard, Mercer said the change in distribution strategy follows a recent review of the products and was deemed to be in the best interests of investors. It also said the decision is not related to ...