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Showing 301 - 310 of 539 results for "Supervision"

CBA responds to systemic advice failures

KERRIE SYDEE  |  FRIDAY, 28 OCT 2016
... CFPL's long-term business transformation, we have made significant improvements, including to our systems, processes, supervision and training. "In addition, following the Future of Financial Advice reforms, customers also receive annual fee disclosure ...

Self-auditing SMSF auditor caught in ASIC breach

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2016
... documentation. Jarjoura was referred to ASIC by the Australian Tax Office under section 128P of the Superannuation Industry (Supervision) Act 1993 (the SIS Act), which requires all auditors of SMSF to be registered with ASIC to ensure they all meet the ...

Professional standards legislation reaches parliament

KERRIE SYDEE  |  MONDAY, 17 OCT 2016
... previously revealed, the reforms will include compulsory education requirements for existing and new financial advisers; supervision requirements for new advisers; an industry code of ethics; an exam to create an industry common benchmark and an ongoing ...

Rimmer departs in EQT management shake-up

ALEX BURKE  |  WEDNESDAY, 5 OCT 2016
... them all the best for the future." EQT's TWS business grew its funds under management, administration, advice and supervision by 3% in FY16 to $8.7 billion.

ASIC drops proceedings against two former directors

KERRIE SYDEE  |  THURSDAY, 22 SEP 2016
... in APES 110 and as a result had breached his professional obligations under s128F of the Superannuation Industry (Supervision) Act 1993. In a statement the AAT said it upheld ASIC's decision due to "the very serious and fundamental nature of the applicant's ...

EQT reshuffles following strong result

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2016
... (RE) service provider. Equity Trustees' high margin business achieved steady growth year on year, with funds under supervision now totaling approximately $60 billion after reporting an 18.7% boost over the previous year. "We're now providing RE service ...

ASIC accepts EU from Perth advice firm

ALEX BURKE  |  TUESDAY, 13 SEP 2016
... requested the group engage with an independent expert to assess these issues. Specifically, ASIC said Neo's monitoring and supervision resources were "inadequate," and that risks were not properly identified. The regulator also criticised the firm's ...

Deloitte partner moves to Trustee Partners

DARREN SNYDER  |  FRIDAY, 9 SEP 2016
... Victoria-based Linear Asset Management, the trustee arm of Linear Financial Holdings with approximately $1.4 billion under supervision. Co-founder of Linear Financial Holdings, Colin Peterson, says he is excited to be working closely with the new trustee ...

Ostrava wound up, directors banned

KERRIE SYDEE  |  FRIDAY, 2 SEP 2016
... by law but appears to have relied passively on Grimm in carrying on the financial service business without proper supervision or exercising any independent critical judgment." ASIC commissioner Greg Tanzer said: "This outcome sends a message that anyone ...

Capital not enough to prevent failures

KERRIE SYDEE  |  WEDNESDAY, 31 AUG 2016
... failures will be orderly, Byres suggested a number of precautions the public sector needs to put in place: Active supervision of the industry to identify the risk of failure early Power to intervene to address small problems before they become big ones ...