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

Search Results

Showing 351 - 360 of 1811 results for "Regulation 2014"

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
Following industry backlash last year, the government has released exposure draft legislation for consultation on the distribution of class action proceeds in proceedings involving a litigation funder. If the legislation progresses, it will implement ...

Accumulation bubble ending: AFA

ANNABELLE DICKSON  |  WEDNESDAY, 22 SEP 2021
The massive accumulation bubble that Australia has experienced for years is coming to a close with a shift to a deaccumulation bubble sparking the need for advice processes to change, according to CoreData. Speaking at the Association of Financial Advisers ...

More advisers switching practices

KARREN VERGARA  |  TUESDAY, 21 SEP 2021
Nearly 1700 financial advisers jumped from one practice to another in the year to August, Rainmaker's adviser movements pipeline shows. The newly launched database found 1689 advisers moved from one employer to another, while the month to August saw ...

Kiwi markets regulator names new chief

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
New Zealand's Financial Markets Authority will welcome a new chief executive in 2022. Samantha Barrass will assume the role that current chief executive Rob Everett will vacate at the end of October. Barrass is the former chief executive of the Gibraltar ...

Former Macquarie chief to head ASIC, APRA regulator

ANNABELLE DICKSON  |  FRIDAY, 10 SEP 2021
The former chief executive of Macquarie has been named as chair of the authority which will review the effectiveness and capability of both ASIC and APRA. Treasurer Josh Frydenberg announced that Nicholas Moore will chair the Financial Regulator Assessment ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
ASIC says it will be watching that super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper ...

WTL posts $3.3m loss

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
WT Financial Group (WTL) reported a huge loss in FY21 as a result of its restructuring efforts. While revenue grew 6% to $13.6 million, WTL recorded a $3.3 million loss, down from $594,000 in FY20. This is a result of one-off write-downs and provisions ...

ASIC red tape unit welcomed

ANNABELLE DICKSON  |  WEDNESDAY, 1 SEP 2021
The government has welcomed the corporate regulator's plan to establish a unit with the sole aim of reducing regulatory costs for businesses and consumers. The red tape unit will be responsible for identifying and implementing changes to how ASIC administers ...

CountPlus profit plummets

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
The ASX-listed advice and accounting group recorded a 59% drop in net profit to $7.1 million as grandfathered commissions came to a halt and COVID-19 impacted the business. Regulatory reform, namely the FASEA exam, also impacted the business however ...

AFMA names new chief executive

KARREN VERGARA  |  WEDNESDAY, 25 AUG 2021
The Australian Financial Markets Association appointed a new chief executive who is a former APRA executive. Brett Harper takes the post on October 11. He was most recently spent three years as a director at Promontory Australia, providing consulting ...