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Showing 591 - 600 of 2805 results for "Regulation"

CSLR raises concern among advisers

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... Compensation Scheme of Last Resort and the fact that super funds and managed investment schemes are excluded from the proposed regulation. The association points out that the products and services covered by the new law is "very narrow". Draft documents ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... way the Australian Banking Association conducts reference checking. Mortgage brokers are also subject to the same new regulation. The Financial Planning Association of Australia believes reference checks should be extended to general advice and to anyone ...

Zenith introduces ESG classification

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
More than 800 funds on Zenith Investment Partners' approved product list now have a responsible investment classification. The responsible investment classification aims to help financial advisers with an environmental, social and governance (ESG) ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
The Association of Financial Advisers has hit back at ASIC and APRA for causing "confusion" and "interfering" with financial advice as they look to introduce new changes to Statements of Advice. The association points to the regulators' joint letter ...

KLP divests Israeli-linked settlement firms

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
Norway's largest pension fund KLP has offloaded 16 companies that operate in banking, construction, infrastructure and telecommunications in Israel connected to occupying Palestinian territory. The pension fund announced on June 5 that following failed ...

Cbus hires from APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUL 2021
... management, and overlay management. Alongside extensive experience in investments strategy, superannuation and with regulation, providing a unique perspective for Cbus," Cbus chief investment officer Kristian Fok said. "This appointment further strengthens ...

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... advice. From July 1, trustees and financial advisers must have the proper processes and systems in place to meet the new regulation. On 2 March 2021, the Advice Fees and Independence Act received Royal Assent, limiting the advice fee deductions from ...

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... terms of disclosure, ASIC is proposing responsible entities disclose market risk, pricing risk, immutability, increased regulation risk, custody risk, cyber risk and environmental risk. "We also consider that minimum standards as to pricing, risk management ...

Stonehouse acquires risk advice firm

KARREN VERGARA  |  MONDAY, 28 JUN 2021
... FInancial Planning until this month when Owen announced that Stonehouse will take over. Owen told Financial Standard that regulation of the advice industry has gone too far, which is doing a "great disservice" to the profession and clients. He said his ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
Financial advice regulatory reforms that include establishing one disciplinary body and giving ASIC greater powers over the industry are closer to becoming law. The minister for superannuation, financial services and the digital economy Jane Hume introduced ...