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Showing 461 - 470 of 1901 results for "Authority"

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... Transfers and Wind-ups with a view to developing new requirements to apply from 2023 in the event of cancellation of an authority to offer a MySuper product, it said. Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) and associated ...

ASFA names new chair

KARREN VERGARA  |  WEDNESDAY, 2 FEB 2022
... who will retire from the role. Dransfield is currently a non-executive director of the Australian Financial Complaints Authority and Hollard Insurance. He led the Insurance Council of New Zealand for four years is the former chief executive of Suncorp's ...

Korean pension fund spends in Sydney

JAMIE WILLIAMSON  |  TUESDAY, 1 FEB 2022
... Bank Place, also known as Darling Quarter. The two paid $630 million for the stake, buying from Abu Dhabi Investment Authority. Lendlease retains its 50% stake. The entire office component of the asset is leased to Commonwealth Bank. The total net lettable ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... appeared at the inquiry, said the CSLR should oversee all financial services covered by the Australian Financial Complaints Authority or as an absolute minimum, managed investment schemes, funeral insurance policies and debt management firms. "Ultimately ...

Education reforms are promising: SAFAA

KARREN VERGARA  |  FRIDAY, 28 JAN 2022
... education standards" for financial advisers. The SAFAA slammed the now-defunct Financial Adviser Standards and Ethics Authority, describing it as a "bureaucracy that was averse to stakeholder engagement" and narrowed the scope of recognised qualifications. ...

Trading platform cops $110k fine

KARREN VERGARA  |  TUESDAY, 18 JAN 2022
... transacted on the ASX 24 futures market and the FEX futures market. In circumstances where a market participant has written authority from a client to engage in pre-negotiated business, the participant can withhold implementing instructions from the ...

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... funds were found to have failed the government's performance test. Since then, the Australian Prudential Regulation Authority has released the of all the funds it assessed showing another seven, including some of Australia's biggest MySuper funds only ...

Morningstar to buy Praemium for $65m

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
... international employees." Completion of the transaction remains subject to regulatory approval from the Financial Conduct Authority in the United Kingdom and the Jersey Financial Services Commission in Jersey, and other customary conditions. Morningstar ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... staff member was asked: "How did you get this number?" Could the lack of response be attributed to a lean team? The authority only has 10 employees, whose work spans developing and maintaining standards, assessing and accrediting higher education degrees ...

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
The Financial Adviser Standards and Ethics Authority is deferring the amendments to Standard 3 to ASIC because the industry could not agree on a better alternative. FASEA floated the idea of amending Standard 3 in November, which currently states: "You ...