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

Search Results

Showing 471 - 480 of 1533 results for "Assessment"

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... for measuring underperformance in the superannuation sector and the APRA Heatmaps and the annual member outcomes self-assessment under existing law will be amended accordingly," the government said, adding it puts a Productivity Commission recommendation ...

FASEA releases more Code of Ethics guidance

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... duties they owe another individual or organisation," the guide said. "This requires advisers to make a professional assessment as to whether their personal interests or other personal duties/relationships are incompatible or at variance with the interests ...

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... super funds are pitting themselves against a narrow field and failing to include all of their MySuper products in the assessment. "Often it wasn't clear to us why certain peer groups for choice products had been selected. Trustees should document how ...

Ratings deteriorate at AMP

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... ratings downgrade at AMP Bank had come due to the downgrade at AMP Group Holdings. "AMP Bank's Baseline Credit Assessment (BCA) has been affirmed at baa3 reflecting the bank's strong asset quality and good capital adequacy," it said. "The issuer ...

APRA resumes life insurance intervention

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... companies continue to haemorrhage money through the sale of IDII," APRA executive board member Geoff Summerhayes said. "Our assessment is that the pandemic may further exacerbate the problems with this product, so decisive action can no longer be delayed. ...

Moody's adds to CreditView platform

ELIZA BAVIN  |  WEDNESDAY, 30 SEP 2020
Moody's has announced that it has enhanced its CreditView platform by adding a wide range of environmental, social and governance (ESG) and climate analysis. Moody's said the expansion is part of its push to deliver an integrated suite of ESG solutions ...

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... includes findings, recommendations, and a paper on the framework for a 'reference product' for risk and uncertainty assessment, involved input from over 40 actuaries, and discussions with regulators, Treasury, chief executives, boards, lawyers, consumer ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
... deposit taking institutions (ADI) will continue to comply with APRA's lending standards which comprise of a sound credit assessment and approval criteria. The government will adopt key elements of APRA's ADI lending standards and apply them to non-ADIs. ...

Contango approves new WCM strategy

ALLY SELBY  |  MONDAY, 21 SEP 2020
... NTA of CIE. "We query why WCM Investment Management, a California-based fund manager who prides itself on a strict assessment of 'culture' in their own investment process, would be so willing to partner with a company that has such a poor management ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
The US Federal Reserve's new monetary policy framework - lower interest rates for longer or average inflation targeting - (virtually) announced at the August 27 Jackson Hole Symposium is now live. The Fed kept policy settings unchanged at its 15-16 ...