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Showing 341 - 350 of 4269 results for "Yesterday"

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... prime focus is rectifying sub-standard industry practices and eradicating unacceptable product performance. Released yesterday, APRA said it will continue to exercise its powers to ensure RSE licensees are doing right by members. Throughout the year ...

ASIC reviews ETP naming conventions

KARREN VERGARA  |  FRIDAY, 21 JAN 2022
... exchanges authorised in admitting ETPs for quotation is also up for review. Considering the proposal, ASIC released yesterday Consultation Paper 356 ETP naming conventions: Updates to INFO 230. ASIC is taking feedback from stakeholders until March 3 ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... misleading correspondence and $500,000 for failing to report the breach to ASIC. In handing down the reasons for his decision yesterday in court, Justice Besanko noted that while Statewide's conduct was not deliberate, the contraventions of the law ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... the accuracy of the regulator's process. The release of the APRA heatmaps for MySuper and Choice investment products yesterday has underscored the importance of ensuring consumers can access affordable financial advice that considers their investment ...

Adviser population drops below 19,000

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... 18,822. Rainmaker modelling of ASIC's Financial Adviser Register reveals that only 18,822 advisers are left as of yesterday, December 16. At the beginning of 2021, there were 21,103 practising advisers and precisely 2286 left the industry throughout ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... achieve the intention of the FASEA reforms "without micro-managing advisers, universities, students and businesses." Yesterday, the government released for consultation the draft terms of reference for the Quality of Advice Review, which will consider ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... that failed the performance test. The regulator has also shared which funds came close to failing the test. Released yesterday, the heatmap shows it is largely those funds that failed the inaugural performance test earlier this year that also underperformed ...

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
Disgruntled Westpac shareholders rejected the remuneration report at the bank's annual general meeting yesterday. Twenty-nine percent of shareholders voted down adopting the remuneration report, marking the first strike. Should 25% or more shareholders ...

Frydenberg pledges to move on crypto regulation

CHLOE WALKER  |  THURSDAY, 9 DEC 2021
... move forward with new crypto asset reforms in 2022. In a speech to the Australian-Israel Chamber of Commerce (AICC) yesterday, the Federal Treasurer described the move as the most significant update to Australia's payments system in 25 years. "For consumers ...

Financial Advice Hub goes live

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
... the benefit went to each financial year. ASIC updates the report at the beginning of each month. The report published yesterday captures JobKeeper information disclosed up until 30 November 2021. Financial services firm listed in the report include Pinnacle ...