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Showing 521 - 530 of 3462 results for "Response"

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
In its final response to the Quality of Advice Review (QAR), the government plans to modernise the best interests duty and amend the Statement of Advice (SoA), while also granting approval for superannuation funds to provide personal advice. In its ...

Nomura offshoot fined by ASIC disciplinary panel

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... and to ensure their ongoing integrity and compliance with the Rules," the MDP said. The failure to update its system in response to market changes indicated 'poor market awareness and a 'set and forget' approach' to compliance, the MDP alleged. Instinet ...

ASIC curbs high-risk offers from online trading providers

ANDREW MCKEAN  |  WEDNESDAY, 6 DEC 2023
... commissioner Simone Constant said: "Our more proactive approach to identifying and disrupting emerging risks and harms is in response to the rapid pace of change we have observed in recent years." "Licensed online trading providers are required to meet ...

Interest rates on hold as RBA pauses

CHLOE WALKER  |  WEDNESDAY, 6 DEC 2023
... expected, the governor's statement was more dovish than many had envisaged. "The RBA's data dependency remains a stock response for the sake of policy optionality, but conditionalities around the statement err the remarks towards a dovish outcome that ...

Payday super timing, deliberate: Chalmers

CASSANDRA BALDINI  |  TUESDAY, 5 DEC 2023
... to wage theft. However, the ATO reported there is an estimated $3.6 billion in unpaid super between 2020 and 2021. In response, the government will require super be paid on payday, effective 1 July 2026. Industry Super Australia (ISA) has predicted that ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... for people to obtain the support they need. This remains a real need even after the QAR report and the government's response to the report." Meantime, Huppert added, retirement has undergone substantial evolution, and many individuals will opt for ...

Allianz Retire+ adds 'industry first' feature to AGILE

JAMIE WILLIAMSON  |  THURSDAY, 30 NOV 2023
... follow industry feedback, from both advisers and super funds, since it launched eight months ago, as well as being in response to government calls for more flexible retirement solutions. Earlier this year, Allianz Retire+ inked a deal with Link Group ...

Don't abandon 60/40: J.P Morgan

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
... developed market (DM) growth forecast and lower our EM projections, Craig said. "Our DM growth forecast moves up to 1.6% in response to rapid advances in artificial intelligence which provide a boost to productivity. Meanwhile, our EM forecast slips ...

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
The UK's Financial Conduct Authority (FCA) has proposed mandating personal investment firms, commonly known as investment advisers, to pre-emptively calculate and secure sufficient capital for potential redress liabilities. The financial regulator is ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... given responsibility for overseeing and enforcing obligations related to the use of genetic testing in life insurance. In response to the consultation, CALI chief executive Christine Cupitt said: "Genetic testing can help empower Australians to manage ...