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Showing 31 - 40 of 461 results for "Supervision"

TAA urges active recruitment for industry sustainability

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... advisers could work with educators, technology providers, licensees, and practices to develop programs that make the supervision, recording and assessment of PY requirements easier and more consistent. "When you're a small AFSL, supervising graduates ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... to the second biggest bank crash in its history. Overnight the Federal Reserve board announced that vice chair for supervision Michael Barr is leading a review, of the supervision and regulation of SVB, in light of its failure. "The events surrounding ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... framework as part of its strategic initiative to Modernise the Prudential Architecture (MPA)." According to its 2023 supervision priorities in superannuation, APRA said it is focused on rectifying sub-standard practices, eradicating unacceptable performance ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... AET and its technology investment program. Meanwhile, the group's funds under management, administration, advice and supervision (FUMAS) was recorded at $155.5 billion. This is 4.4% higher than the prior half. AET contributed additional FUMAS of $6.8 ...

Equity Trustees names super head

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... concentrate on independent outsourced trusteeship in the super sector. This led to a significant increase in funds under supervision from $1 billion to $40 billion. Equity Trustees managing director Mick O'Brien commented: "Andrew comes to Equity Trustees ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... practices, eradicating unacceptable performance, and influencing improved retirement outcomes. That's according to its 2023 supervision priorities, released today. It said it's all part of holding trustees to account to improve member outcomes and address ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... super members who hold a public or extended public offer licence to operate a RSE under the Superannuation Industry (Supervision) Act 1993. Australian Ethical Investment, BT Financial Group, Challenger, Clearview Wealth, Colonial First State Investments ...

Marketing oversight must improve: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
... liability. However, all voluntarily amended the marketing materials. They also amended their compliance plans to enhance supervision of marketing, including implementing requirements for all marketing material to be approved by the RE before being released ...

Draft SMSF auditor registration regulations to update fees, language

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... registration regime. According to Holding Redlich partner Luke Hooper, Section 128L of the Superannuation Industry (Supervision) Act 1993 (SIS Act) prescribes the matters that those fees are payable for, in respect of approved SMSF auditors including ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... comment on the costs associated with proposals for large banking organisations and their customers. Fed vice chair for supervision Michael Barr said: "As the banking system changes, policymakers must continuously evaluate whether resolution-related standards ...