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Showing 51 - 60 of 578 results for "Reference"

AFA responds to Quality of Advice Review

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... review will listen to the voices of clients and overhaul the advice process. In its submission to the draft terms of reference for the Quality of Advice Review, the AFA is calling for redundant steps in the advice process to be removed and to have a ...

Consumer advocates criticise advice review

ELIZABETH MCARTHUR  |  THURSDAY, 3 FEB 2022
... laws and exemptions that allow commissions and conflicted remuneration in insurance. However, Newton said the terms of reference then say nothing about these issues and make no reference to conflicted remuneration. "Inexplicably, the draft terms of reference ...

Quality of Advice must consider digital: Ignition

ELIZABETH MCARTHUR  |  MONDAY, 31 JAN 2022
... Andrew Baker has argued the government's Quality of Financial Advice Review must consider digital advice. In the terms of reference for the Quality of Advice Review, Treasury said it will "consider how the regulatory framework could better enable the ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... advisers, universities, students and businesses." Yesterday, the government released for consultation the draft terms of reference for the Quality of Advice Review, which will consider how the regulatory framework could make financial advice more affordable. ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... account products, and traditional trustee company services. While the federal government has yet to release the terms of reference for the Quality of Advice Review in 2022, the ALRC anticipates that it will consider the findings before making recommendations ...

CFA Institute launches new ESG standard

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
... risks that could significantly hinder the attainment of the target portfolio-level ESG characteristic and provide a reference to any law, regulation, or third-party standard, guideline, or framework used to measure the portfolio-level ESG characteristic. ...

Westpac profit jumps 138%

KARREN VERGARA  |  MONDAY, 1 NOV 2021
Westpac reported a whopping 138% jump in statutory profit to $5.5 billion in its full-year September 2021 results. The bank attributed the earnings jump to a combination of turning around impairment charges and growing its mortgages, institutional and ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... acquisition or retention of members. Another licensee spent a significant amount over a three-year period while there was no reference to marketing or advertising in its business plan. Further, a super fund that entered into a multi-year sponsorship ...

ASIC looks to extend CFD intervention

ELIZABETH MCARTHUR  |  TUESDAY, 19 OCT 2021
... penalties. In the case against OT Markets it was found that account managers were instructed to "kill their customers" - a reference to the fact that staff were being encouraged to put clients in trades where they knew these clients would lose their ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
... broadly as anticipated, it could be appropriate to start reducing the pace of asset purchases this year." This is in reference to the US$120bn in monthly asset purchases -- at least US$80bn in Treasury securities per month and at least US$40bn in agency ...