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Showing 31 - 40 of 70 results for "ASIC Report"

Improve climate risk disclosure: ASIC

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... ASIC has called for improvements to the consistency of disclosure practices among Australia's listed companies. In ASIC Report 593, the corporate regulator found limited climate risk disclosure outside of the top-200 listed companies in Australia. ASIC's ...

SMSFA addresses policy hurdles

HARRISON WORLEY  |  THURSDAY, 16 AUG 2018
... saw some disappointing views expressed regarding the behaviour of advisers through the Royal Commission - and the ASIC report on SMSF advice - a common and dominant theme has been the importance of professionalism, and specialist education when advising ...

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
AMP is reducing fees on its flagship MySuper products and expediting $290 million in compensation to customers that received bad financial advice. Reflecting plans for the simplification of its superannuation product offering, AMP said it will implement ...

Banks take 1500 days to identify breaches: ASIC

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... Melbourne today. And this is only the first step in the reporting the breach to ASIC, he said. The findings are from an ASIC report to be released next month, one which probed breach reporting practices at about 12 big banking groups. Reporting breaches ...

ASIC cancels Melbourne firm's AFSL

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
ASIC has cancelled the Australian financial services (AFS) licence of a Melbourne-based advice firm, which was among a trio of companies that copped a $7.2 million fine from the corporate regulator in February. ASIC took Wealth & Risk Management Pty ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
As the Royal Commission disbands for the week, Financial Standard summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an ...

Vertically aligned institutions pay $21.4m compensation

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2018
ASIC said clients of the big four banks and AMP who received non-compliant financial advice will be compensated a further $21.4 million. This adds to the $30 million compensation bill ASIC announced in March 2017 after it investigated how large institutions ...

AMP launches LIF-ready resource

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2017
... messages ASIC has reported on the state of financial advice provided in life insurance. The association questioned an ASIC report stating the number of advisers suspected of churning was less than 50 and therefore not problematic, while another report ...

ASIC sets sights on IPO investment

EMMA RAPAPORT  |  FRIDAY, 1 SEP 2017
... misleading prospectuses could soon be a thing of the past following an industry regulator review of the IPO market. An ASIC report looked at the experience of institutional and retail investors in making decisions, and outlined its aim to support confidence ...

RG 133 review reveals poor compliance

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
... showing generally poor levels of understanding and compliance with Regulatory Guide 133. These findings form part of an ASIC report outlining an extensive review of 21 responsible entities and custodians. "Several entities did not appear to have revised ...