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Showing 551 - 560 of 2575 results for "Treasury"

Consumer advocates criticise advice review

ELIZABETH MCARTHUR  |  THURSDAY, 3 FEB 2022
... remuneration. "Inexplicably, the draft terms of reference for the advice review says nothing about these issues and the Treasury's landing page makes no reference to 'conflicted remuneration' or even 'insurance'," Newton said. "The advice review cannot ...

Oliver Wyman recruits former Westpac executive

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
... almost five years. Prior to that, she held senior roles at Commonwealth Bank in the areas of retail banking services and treasury. Other past roles include Barclays head of financial institutions, Trading Room chief executive and Citibank vice president ...

Quality of Advice must consider digital: Ignition

ELIZABETH MCARTHUR  |  MONDAY, 31 JAN 2022
... of Financial Advice Review must consider digital advice. In the terms of reference for the Quality of Advice Review, Treasury said it will "consider how the regulatory framework could better enable the provision of high quality, accessible and affordable ...

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... that is contrary to the client's best interests. "Given FASEA's imminent wind up and transfer of functions to Treasury and ASIC as at 31 December 2021, FASEA considers it appropriate that any final determination on amendments to Standard 3 be ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... Frydenberg has pushed through the reforms without further consultation from stakeholders. The new rules form part of the Treasury Laws Amendment (Greater Transparency of Proxy Advice) Regulations 2021. The licensing extension and the requirement to provide ...

APRA, ASIC provide annual update

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
... collaborated on loan repayment deferrals and borrower hardship, participated in a cross-agency working group with the Treasury and the Australian Financial Complaints Authority, helped progress test cases in a timely and efficient manner and generated ...

PIMCO revives local LIT plans

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
... March 2020, announcing the move in November 2019. But in February 2020 it confirmed the launch would be delayed while Treasury conducted its public consultation on stamping fees for LITs and LICs. Reviving the trust, PIMCO said it will look to leverage ...

AZ NGA recruits chief operating officer

JAMIE WILLIAMSON  |  WEDNESDAY, 8 DEC 2021
... 2022. In doing so, he will replace Paul Brain who recently took on additional responsibilities in M&A, legal, banking and treasury. Reporting directly to chief executive Paul Barrett, McGeagh will be responsible for overseeing the delivery of AZ NGA's ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... Scheme of Last Resort (CSLR) in light of these Westpac cases. "Westpac, the largest donor with a former executive running Treasury, are again in the 'pop' gun for ripping off consumers," AIOFP executive director Peter Johnston said. "Why 'pop ...

BetaShares changes custodian for hedge funds

ELIZABETH MCARTHUR  |  FRIDAY, 26 NOV 2021
... Earlier this month, the $21 billion ETF manager awarded a custody mandate to CitiGroup, switching from RBC Investor and Treasury Services which exited operations in Australia. Editor's note: This story was updated at 2.30pm. An earlier version of ...