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Showing 601 - 610 of 3268 results for "January 29"

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
APRA is consulting on two new prudential standards aimed at strengthening how entities, including superannuation trustees, respond to financial crises. CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900) are the ...

Top investment products, super fund revealed

STAFF WRITER  |  THURSDAY, 2 DEC 2021
Vanguard, UniSuper and BetaShares are some of the winners in Money magazine's 2021 Best of the Best Awards. Vanguard Investments Australia is this year's best investment manager as many of its products featured in several categories. Vanguard Australian ...

Review of ASIC kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 30 NOV 2021
The review of ASIC's effectiveness is open and accepting submissions. The Financial Regulator Assessment Authority (FRAA) was established in response to recommendations 6.13 and 6.14 of the Royal Commission. It is tasked with reviewing and reporting ...

Morningstar appoints head of business development

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
Morningstar Australia has announced the appointment of Peter Bryant as the head of business development for Australia and New Zealand. Bryant will join Morningstar in mid-January and will lead the Morningstar sales team responsible for data, research ...

Future Fund hires chief economist

ANNABELLE DICKSON  |  WEDNESDAY, 24 NOV 2021
The $199 billion sovereign wealth fund hired from Wellington Management for its inaugural chief economist. Toby Johnston will commence the role on January 27 and will report directly to the Future Fund's chief investment officer Sue Brake. He will lead ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
APRA is adamant that retirement income products will not suffer the same fate as income protection insurance as it looks to tighten its belt in regulating the post-retirement phase. The prudential regulator's deputy chair Helen Rowell spoke of the ...

Former WA adviser charged with dishonest conduct

CHLOE WALKER  |  TUESDAY, 23 NOV 2021
Former AMP financial adviser David Fong and his financial planning company Fong Financial Partners have been charged with engaging in dishonest conduct, following an investigation by the regulator. ASIC alleges in its legal action that in 2014, Fong ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
The Australian Prudential Regulation Authority (APRA) has issued a discussion paper seeking information from superannuation trustees on their plans to maintain the financial resilience needed to protect members' best financial interests. APRA's prudential ...

ASIC reviews super calculators

KARREN VERGARA  |  FRIDAY, 19 NOV 2021
ASIC is proposing to overhaul superannuation calculators and retirement estimates so that the tools complement the upcoming Retirement Income Covenant. Seeking industry feedback until 28 January 2022, the corporate regulator launched a consultation ...

ASIC shuts down unlicensed investment scheme

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
An unlicensed financial services firm that allegedly misappropriated $5.7 million from self-managed superannuation fund members is in the process of being shut down by ASIC. ASIC obtained interim orders and injunctions from the Queensland Federal Court ...