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| | | ... clients. The panel also considered that the deficiencies in Ascot's policies and procedures were exacerbated by its failure to review and update those policies, despite senior compliance staff considered them to be deficient. As a result, the MDP considered ... |
| | | | ... Standard SPS 530 Investment Governance. This was the case particularly for private equity holdings, with 14 RSEs failing to review their value quarterly. Ten RSEs admitted to not reviewing property assets quarterly, while eight admitted the same about ... |
| | | | Platinum Asset Management has shuttered its London office following the closure of its Platinum World Portfolios. Platinum World Portfolios (PWP), which comprised Platinum's International, Asia ex Japan, Japan and Health Sciences strategies, were UCITS ... |
| | | | As previously flagged, the New South Wales government is moving forward with plans to consolidate several separate investment funds managed by TCorp. In September last year, the state government announced it was reviewing the way NSW's investment funds ... |
| | | | ... prescriptive in how often a licensee should be reviewing its operations and there is no requirement to have an external review," Holley Nethercote managing partner Paul Derham said. "Interestingly, reviews of systems and processes were taken into account ... |
| | | | ... into a poorer performing super product. This predatory practice needs to end." The SMC's comments also follow a recent review by ASIC that found many superannuation trustees are not checking that advice fee deductions are appropriate, with some allowing ... |
| | | | AMP North has launched a new tool for financial advisers to support client review reports. The tool, called North Interactive, allows advisers to visualise clients' account and performance information. It provides clear visuals and the capability to ... |
| | | | ... that they underwent adequate training. XTrade applied to the Administrative Appeals Tribunal (AAT) on 29 April 2024 for a review and stay of ASIC's decision to cancel the AFSL. Following an interlocutory hearing on 31 May 2024, the AAT refused XTrade's ... |
| | | | ... Complaints Authority received over 2500 complaints about group insurance through superannuation and noted in its annual review that complaints about delays relating to insurance have more than doubled over the last four years. More positively, Hostplus ... |
| | | | The Federal Court has absolved Block Earner from paying a penalty for trading without a financial services licence, which ASIC believes should have been $350,000. While Judge Jackman determined that while Block Earner, which invested in cryptocurrency ... |
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