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Showing 311 - 320 of 4616 results for "Issues"

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... advantage of the Compensation Scheme of Last Resort (CSLR), treating it as an 'insurance policy'. Several CSLR issues were brought to light at the Financial Advice Association Australia (FAAA) Congress last week, starting with the lax consequences ...

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
... ensure that they are the best possible frameworks." Swan reinforced that the delays in claims handling was primarily due to issues with a third-party provider, to which committee chair Senator Andrew Bragg sought to remind him of trustees' obligations. ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
APRA deputy chair Margaret Cole and ASIC deputy chair Sarah Court have sent a letter to superannuation trustees reminding them of their obligations under the Financial Accountability Regime (FAR) before it takes effect next year. The FAR commenced for ...

ASIC flags regulatory guide updates for 2025

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... update some key regulatory guides, considering law reform, insights from case law about the provisions and other relevant issues. ASIC said it intends to update the guides for: Regulatory Guide 53 The use of past performance in promotional material Regulatory ...

Swan tells Bragg he won't front parliament

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
Cbus chair Wayne Swan has declined an invitation to front the Senate Economics Committee over issues with the fund's recent board appointments and claims handling delays. In a letter to committee chair Senator Andrew Bragg, Swan thanked Bragg for the ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
ASIC has issued new regulatory guidance for financial advisers and superannuation trustees relating to four strands of the Delivering Better Financial Outcomes (DBFO) reforms. The regulator issued two new documents regarding fee arrangements: Information ...

Treasury consults on new crypto tax laws

ELIZA BAVIN  |  FRIDAY, 22 NOV 2024
... with traditional financial intermediaries and without a central administrator, the OECD said it has sought to address the issues. "These developments have reduced tax administrations' visibility on tax-relevant activities carried out within the sector ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... regular performance reporting that is meaningful, complete and at a level of granularity that allows the board to identify issues it needs to engage with," ASIC said. "Trustee boards that rely on incorrect, incomplete or inappropriate data and metrics ...

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... comprehensive documents developed by governments to outline the vision, long-term goals and priorities for addressing critical issues affecting our nation," Delahunty said. "We have seen these tools play a critical role in advancing the national conversation ...

Admin and compliance taking up 56% of advice practice costs

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... literature and provider offerings, compared to the operational realities faced by advisers, driven by fundamental data issues. This contrast has led to a misalignment between proposed technology solutions and the needs of practitioners, the research ...