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Showing 391 - 400 of 2856 results for "Standards"

Advised Aussies more financially confident: Research

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
... adviser compared to those who aren't advised. The survey of more than 1000 respondents canvassed by the Financial Planning Standards Board (FPSB) and research consultancy firm MYMAVINS found that advised clients tend to have more financial confidence ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... operating under a framework that lacks appropriate oversight and accountability. ASIC measured large licensees against standards in Regulatory Guide 277 Consumer Remediation and found several gaps that could lead to poor consumer outcomes. Many are narrowing ...

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... Committee also observed "further signs of a loosening in the labour market," although conditions remain tight by historical standards. The ratio of job vacancies to unemployment has been on a downward trend, reflecting a drop in available positions and ...

APRA moves to ensure improved member outcomes

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... covenant. The reforms will mandate trustees to justify business-related expenditures. They will also aim to elevate the standards for trustees in managing financial resources. Further, the draft of the updated SPS 515 will push trustees to adopt a prudent ...

APRA consults on hybrid bond resilience

CASSANDRA BALDINI  |  THURSDAY, 21 SEP 2023
... phase," APRA executive board member Therese McCarthy Hockey said. "The Australian market for AT1 is also unusual by global standards, with more than half the bonds held by small retail investors - a complication that risks impeding the speed of decision-making ...

Islamic Finance & Investments Association launches

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
... ICFAL. Chaaban Omran is currently the acting chief executive. IFIA seeks to promote and ensure compliance with high standards of professional and ethical conduct within the Islamic banking and finance sector and by members of the company, Omran said. ...

Experience pathway enshrined in legislation

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... longer required to complete the approved qualifications by 1 January 2026. Advisers who do not meet the qualification standards by that date cease to be a relevant provider and will face civil penalty sanctions for breaching the Corporations Act if they ...

Macquarie flags asset management challenges

CASSANDRA BALDINI  |  THURSDAY, 7 SEP 2023
... strengthens its governance, culture, structure, and enumeration to ensure full and ongoing compliance with prudential standards. "The changes under the plan, on which we will continue to deliver through 2023 and beyond, will have a positive impact on ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... "Financial services executives make decisions that impact upon the lives of all Australians. They must be held to high standards of accountability and integrity," assistant treasurer Stephen Jones said. "The FAR replaces and extends the Banking Executive ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... Association of Superannuation Funds Australia (ASFA) and Super Consumers Australia (SCA) to increase their retirement standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June quarter ...