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Showing 631 - 640 of 2805 results for "Regulation"

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
The way in which financial advice is regulated in New Zealand has changed, with a host of new requirements introduced and robo-advice now subjected to the same rules as advice delivered in person. From March 15, all providers of financial advice to ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... later this year will assist the regulator's work. "They [DDOs] represent a true step-change in financial services regulation - the frontier of outcomes-based regulation," she said. ASIC will soon begin meeting with chairs, chief executives, and boards ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
The prudential regulator has lambasted the group insurance sector for several practices it deems disagreeable, casting doubt over the future viability of insurance provided via superannuation. APRA recently wrote to superannuation funds and life insurers ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... model, reduce the levy, fund ASIC from consolidated revenue and ensure ASIC's industry funding levy reflects the cost of regulation rather than funding other measures.

Iress to deliver DDO solution

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... for licensees and advisers by providing TMDs to them and their clients. "The breadth and interconnectedness of this regulation requires almost every part of the industry to find a cost-effective and scalable way to forge connections in what is a relatively ...

Australia to echo UK advice growth

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... provider referred to various reforms in the UK, such as the 2012 Retail Distribution Review and General Data Protection Regulation in 2018, which saw financial adviser numbers fall and firms leaving the space. However, after a two to three-year period ...

Wingate announces acquisition

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
Wingate has announced the acquisition of a significant equity interest in Fifo Capital Australia. Fifo provides invoice, supply chain and trade finance solutions to over 3000 Australian businesses. Wingate and Fifo have worked closely together since ...

Ignition Advice enters UK market

ELIZA BAVIN  |  FRIDAY, 26 FEB 2021
Fintech Ignition Advice has announced it will move into the UK market, establishing new teams in London and Edinburgh. Ignition chief executive of Europe Terry Donohoe said he is delighted by the move into the UK market. "By bringing advisers and their ...

Equipsuper merges with corporate fund

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
Equipsuper has merged with a corporate superannuation plan that will add $860 million of assets to the fold. The $16 billion superannuation fund will manage the retirement savings of Toyota Super's 5000 members. Toyota Super chair Rob Purcell said ...

Financial services least trusted industry: Edelman

ELIZABETH MCARTHUR  |  TUESDAY, 23 FEB 2021
... score, the industry has managed to claw back eight points - perhaps reflecting the increased emphasis on ethics and regulation following the global financial crisis. Just 44% of people trusted financial services in 2012, compared to 77% trusting technology ...