Search ResultsShowing 31 - 40 of 100+ results for "Regulatory"
Best of times, worst of times for advice
ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... and the opportunities that exist alongside the challenges. Stephen Miller, adviser at GSFM, pointed out: "The whole regulatory landscape as a consequence of Hayne and a reinvigorated ASIC and APRA is undergoing major shifts. I'm not sure that we know ...
Tropical theme Ponzi scheme busted
ELIZA BAVIN  |  FRIDAY, 22 NOV 2019
Small business owners and seniors in Florida have been the victim of a tropical themed Ponzi scheme that is now under investigation by the US Securities and Exchange Commission. The SEC announced that it has filed an emergency action and obtained a ...
Risk advisers a dying breed: Research
HARRISON WORLEY  |  WEDNESDAY, 20 NOV 2019
... has become an industry niche, Choi said. "The admin burden of compliance and paperwork, coupled with an uncertain regulatory landscape, are the top challenges that prevent financial planners from growing their insurance advice," he said. "As a comparison ...
Westpac faces 23 million breaches
ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2019
Westpac is facing 23 million alleged breaches of anti-money laundering laws and counter terrorism laws. AUSTRAC has applied to the Federal Court seeking civil penalty orders against Westpac relating to "systematic" non-compliance with the Anti Money ...
ASIC eyes claims handling
ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
Total and permanent disability insurance and the claims handling processes of insurers are well within ASIC's sights. Following the release of an ASIC review into TPD which found significant, industry wide problems with product design and claims handling ...
APRA to take transparent approach
HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
... on strengthening, sharpening and sharing. The regulator today released an information paper on its "more intensive" regulatory approach to transform governance, culture, remuneration and accountability (GCRA) practices across the sectors it regulates,. ...
Chief executive banned for paying wife
ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
The chief executive of a small mutual insurer has copped two large fines and a ban from the UK's Financial Conduct Authority and Prudential Regulation Authority after he paid his wife close to $400,000 to reduce his personal tax liability. Stuart Forsyth ...
Total Financial Solutions to shutter next year
ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
... integrate the Count Financial business. CountPlus reassured stake holders that at present TFS have no known outstanding regulatory matters, but did flag that there is currently one client remediation matter under investigation but said it is unlikely ...
CommInsure enters guilty plea
ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
CommInsure has pleaded guilty to 87 hawking offences. ASIC announced that Colonial Mutual Life Assurance Society, trading as CommInsure, has entered a guilty plea for 87 counts of offering to sell insurance products in the course of unlawful, unsolicited ...
Remediation bill tops $10b: ASIC
ELIZA BAVIN  |  MONDAY, 18 NOV 2019
... transparency, Chester used her opening address to warn the regulator will be naming more names, though only where it sees regulatory value and purpose. "So, where the transparency in naming an entity advances a consumer protection or market integrity ...
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