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Showing 531 - 540 of 1508 results for "Assessment"

Half of all AFSL applications approved

ELIZABETH MCARTHUR  |  MONDAY, 16 DEC 2019
... IOOF and AMP Financial Planning were highlighted as examples of the regulator's approach. ASIC executive director, assessment and intelligence Warren Day said: "We are keen to foster a better understanding of the nature of ASIC's decision-making, what ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... Nor would the Fed raise the fed funds rate (at least for all of 2020). The latest dot plot of FOMC participants' assessment of appropriate monetary policy reveals that 13 of 17 foresee no change in interest rates in 2020 and the other four expecting ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... Fed is done cutting interest rates. This optimism is consistent with the latest dot plot of FOMC participants' assessment of appropriate monetary policy where 13 of 17 foresee no change in interest rates in 2020 and the other four expecting a rate ...

APRA releases MySuper heat map

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... for their retirement outside in choice products which aren't included in the first iteration of APRA's new assessment. "We have to keep in mind that as a sector, MySuper outperforms all other APRA funds," Scheerlinck said. "As it stands now ...

Former NAB, Infocus advisers banned

ALLY SELBY  |  MONDAY, 2 DEC 2019
ASIC has banned two former financial advisers for five years and one year respectively. Former NAB adviser Wendy Chapman and Brisbane-based former financial adviser Nina Katherina Williams were banned by the regulator last week. Chapman who has been ...

AFSLs show widespread non-compliance: ASIC

ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
... required the licensees to produce samples of fee disclosure statements (FDSs) and renewal notice obligations (RNs) for assessment. ASIC said 1496 FDSs and 373 RNs were collected and analysed along with fee disclosure policies and procedures. Of those ...

APRA responds to industry concerns

ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
... guide in submissions. The regulator said a number of submissions sought clarity on the application of the outcomes assessment to choice products, and some challenged APRA's view that an RSE licensee is unable to undertake the comparative component of ...

Westpac halts short-term bonuses, culls Litepay

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... general management will lose "either all or part" of the short term variable reward they were in line for, subject to an assessment of their accountability for the bank's shortcomings. The bank's plan includes closing its system for facilitating ...

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 ...

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
APRA's new approach to governance, culture, remuneration and accountability will see the prudential regulator focus on strengthening, sharpening and sharing. The regulator today released an information paper on its "more intensive" regulatory approach ...