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

Search Results

Showing 521 - 530 of 1635 results for "Recommended"

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... report into Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Kenneth Hayne recommended a new three-person oversight authority would assess the effectiveness of APRA and ASIC in meeting their statutory objects and ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Frydenberg said a capability review would be launched into APRA and led by Graeme Samuel. The Royal Commission final report recommended regular capability reviews of both APRA and ASIC every four years, with a review of APRA recommended by the Commissioner ...

Asia Funds Passport takes flight

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... co-operation by the various sectors of the financial services industry and many governments. "The Johnson report in 2009 recommended a package of funds management reforms to facilitate cross border funds flow for participating nations," she said. "This ...

Commonwealth FP fails to meet EU obligations

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... manual controls which "have a higher inherent risk of failure due to human error and being overridden." Ernst & Young recommended CFPL be given a further 120 days to rectify the issues. Further, a written update was provided by the accountable person ...

Australia Day: How the barbecue has changed

DARREN SNYDER  |  FRIDAY, 25 JAN 2019
... in 2014-15 and 19.5% in 2011-12. Further, the ABS highlights 51.3% of the population is meeting guidelines for the recommended daily serves of fruit. In terms of Australia Day working habits, there are about 526,000 sales assistants who regularly work ...

Former adviser faces Supreme Court

JAMIE WILLIAMSON  |  THURSDAY, 17 JAN 2019
... or authorisation. Advanced Wealth Services was only authorised to provide credit services. While doing so, Gardner recommended clients establish a self-managed superannuation fund (SMSF) to facilitate the purchase of a newly-constructed investment property. ...

Minimum SMSF balance misleading: SuperConcepts

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
... superannuation funds (SMSFs) is "way off", according to SuperConcepts. Despite it being half the balance the commission recommended in its interim report, SuperConcepts believes the $500,000 minimum threshold is still misleadingly high as a measure of ...

PC calls for group insurance review

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... set up to make it more effective. ASIC and APRA should be members of the taskforce, with ASIC taking the lead, it recommended. In September 2018, ASIC acknowledged the group insurance industry's effort to self-regulate via the code - but highlighted ...

APRA, ASIC welcome Productivity Commission's superannuation report

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
... project to transform its data storage efforts, as examples of its capability. In its report yesterday the Commission recommended APRA undergo a capability review, which Rowell said APRA was willing to do, should it be led by the right people. "APRA has ...

Best-in-show splits industry

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... within 60 days should be defaulted to one of the products on the shortlist, selected via sequential allocation," it recommended. BT general manager of superannuation Melinda Howes sees merit in having a shortlist. The best-in-show proposal and the idea ...