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Showing 411 - 420 of 1798 results for "Regulation 2014"

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
With research showing the average cost for a Statement of Advice has increased 10% in 12 months, the Financial Planning Association of Australia (FPA) is warning of the detrimental impact ongoing reform is having on financial advisers and consumers. ...

RIAA, AXA IM launch adviser ESG guide

ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
As more environmental, social and governance (ESG) and impact investment products become available to investors, it is integral that advisers become familiar with them, according to AXA Investment Managers and Responsible Investment Association Australasia ...

Level premiums to remain

ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
Despite the Australian Prudential Regulation Authority's (APRA) intervention to try and salvage individual disability income insurance, level premiums will continue to exist. Speaking on a panel at the Association of Financial Advisers Conference, MLC ...

Proposed changes ahead for APRA's heatmaps

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
The Australian Prudential Regulation Authority is considering making changes to its MySuper Heatmap to reflect the reforms proposed by the government in the federal budget. Speaking at the Australian Institute of Superannuation Trustees Online Chair ...

DTCC launches advisory service

KARREN VERGARA  |  FRIDAY, 9 OCT 2020
... trade processing businesses. It also focuses on complying with regulatory bodies Securities Financing Transactions Regulation (SFTR) and Central Securities Depositories Regulation (CSDR), as well as providing best practices in the trade reporting and ...

TPB bans tax agent over COVID-19 fraud

ALLY SELBY  |  FRIDAY, 9 OCT 2020
The Tax Practitioners Board (TPB) has terminated the company registration of Sydney-based tax agent after she attempted to exploit a COVID-19 stimulus measure for over $20,000. The TPB determined TLL Tax Pty Ltd and its director Liying Tong breached ...

FPA renews calls for advice definition changes

ANNABELLE DICKSON  |  THURSDAY, 8 OCT 2020
The Financial Planning Association of Australia (FPA) is once again calling on lawmakers to change the term 'general advice' to diminish client confusion and enhance confidence in the industry. Instead of 'general advice', the FPA is recommending it ...

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
The Australian Prudential Regulation Authority (APRA) has replaced its 18-year-old risk assessment model with a system that will better guide the intensity of the regulator's supervision. In a letter to banks, insurers and superannuation licensees ...

Calls for aged care overhaul

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Australia's aged care system is failing and needs to be overhauled, according to the Grattan Institute. Grattan health program director Stephen Duckett said the care and support of older Australians must come before the profits of private providers. ...

VFMC chief joins ING board

KANIKA SOOD  |  FRIDAY, 2 OCT 2020
The Victorian-government-owned fund manager's chief has joined the board of ING. Lisa Gray was appointed a non-executive director on ING Australia's board on September 21. She has 30 years of experience with senior executive roles at NAB, MLC, Plum ...