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Showing 621 - 630 of 2805 results for "Regulation"

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
... the serious need for financial institutions to evaluate their reporting preparedness and risk position with the new regulation. "While there was a myriad of developments to come out of the Hayne Royal Commission, new oversight regimes and more stringent ...

Time running out for claims licences

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... hold an AFSL or be an authorised representative. This exclusion has now been removed. Treasury is still consulting on regulation of insurance claimant intermediaries, so further reforms could be on the cards.

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
Australia's largest superannuation fund is taking issue with the proposed stapling regulations, arguing that the model is backwards and will not protect members from being stuck in dud funds. AustralianSuper chief executive Ian Silk shot down media ...

Climate change worse than pandemic: UK regulator

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
The chief executive of the UK's Pensions Regulator believes climate change will be more catastrophic to populations' way of life than the COVID-19 pandemic if no action is taken. The comments came as The Pensions Regulator chief executive Charles ...

Mercer calls for delay to super reforms

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... comes with a caveat that its super fund clients' investment strategies may have to be looked at and tested once the regulation is available. "Obviously that acts as a constraint in providing advice and enabling trustees to develop their long-term ...

"Financial" in BFID is no big deal: Academic

KANIKA SOOD  |  WEDNESDAY, 7 APR 2021
... flow-on effects will be concerning for trustees. University of New South Wales director for centre of law, markets and regulation Scott Donald made the point at public hearings held by economics legislation committee in Sydney this morning. The hearings ...

APRA takes action against Macquarie

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
Following multiple breaches to prudential and reporting standards, the Australian Prudential Regulation Authority (APRA) has hit Macquarie Bank with increased liquidity and operational risk capital requirements. Macquarie Bank breached APRA's reporting ...

Why advisers don't recommend annuities

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
... "fee-for-service" nature of financial advice, the limitations on advisers' ability to add value to annuities, and government regulation holds back advisers from recommending annuities to their clients. "Some advisers said that because annuities are a ...

ABC, ISH arrangement faces scrutiny

KARREN VERGARA  |  MONDAY, 29 MAR 2021
... instead on underperforming investments and fees. "I am genuinely concerned about this," Falinski said, pointing to how regulation for the super sector is on an unlevel playing field and that rules appear to be applied very differently. This committee ...

APRA gains traction on superannuation data project

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
The Australian Prudential Regulation Authority has released its final reporting standards for the first phase of the Superannuation Data Transformation (SDT) as it looks to clear out underperformers. Phase one addresses the most urgent gaps in APRA's ...