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Showing 401 - 410 of 1811 results for "Regulation 2014"

Chief economist update: China on my mind

BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
The All Ordinaries index finished 2020 with a gain of 0.7%. Nothing to write home to mother about, especially compared with the 16.3% and 16.0% surge in the S&P 500 and the Nikkei-225, respectively, over the same period. However, the local bourse's ...

The barriers to limited advice: Licensees

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
The increasing cost of delivering financial advice coupled with lack of guidance and strategy documents are the major barriers to limited advice, according to licensees. The Australian Securities and Investments Commission's (ASIC) latest consultation ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
Challenger will spend $35 million to buy Catholic Super's banking business, in a move that Bell Porter says could have more upside than suggested by the company this morning. Challenger and MyLife MyFinance have entered into an agreement with an expected ...

Technology a tool not a threat: Avaloq

ANNABELLE DICKSON  |  THURSDAY, 17 DEC 2020
The implementation of technology to front, middle and back office functions will result in more efficiency and the delivery of a superior service, new research shows. A new study by Avaloq, The Front-to-Back Office Report - How are functions in the ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
New regulation that requires financial advisers to disclose conflicts of interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many ...

Government to wind up FASEA

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
The Financial Adviser Standards and Ethics Authority will be made redundant as two government bodies take over its remit. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume announced on December 9 that ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Following the Australian Prudential Regulation Authority's (APRA) review into Westpac's risk governance, both parties have agreed to a court enforceable undertaking (CEU). The CEU requires Westpac to develop an integrated plan that incorporates ...

IOOF ups costs for self-employed advisers

ELIZA BAVIN  |  TUESDAY, 1 DEC 2020
Self-employed financial advisers working with IOOF will have to pay more for the same services under the new IOOF structure which will focus the business on three key pillars in the advice space. Speaking to investors today, IOOF chief advice officer ...

ASIC prepares industry for claims handling law

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
The corporate regulator has released more information to help life insurers and financial advisers adapt to new regulation when handling insurance claims. ASIC's information sheet and consultation paper C12 Proof: Claims Handling and Settling Service ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
The federal government has released its draft legislation for the Your Future, Your Super reforms, opening the industry consultation period until December 24. The package of reforms, which was unveiled in the 2020-21 budget, has four main components ...