Search ResultsShowing 51 - 60 of 100+ results for "Regulatory"
Registration deadline extended: ASIC
ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
ASIC has told Australian financial services licensees that they will not be in breach of the law because their financial advisers were not able to register with ASIC-approved compliances schemes. The original deadline for registering was 1 January 2020. ...
High claims acceptance among insurers: Report
ELIZA BAVIN  |  THURSDAY, 14 NOV 2019
APRA and ASIC data has shown that 94% of life insurance claims from the major insurers were accepted over the year to June 2019, though with significance variance between cover types. The regulators have come together to publish data on life insurance ...
Pensioners lose decades of savings in 24 hours
ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
New analysis out of the UK has found that the average amount pension scam victims lost in 2018 amounts to 22 years of savings. As part of a campaign called ScamSmart, the UK Financial Conduct Authority and The Pensions Regulator have revealed £82,000 ...
ASIC to survey whistleblower policies
ELIZA BAVIN  |  THURSDAY, 14 NOV 2019
ASIC plans to survey whistleblower policies of a sample of companies next year. The regulator said it plans to review the selected companies compliance with the legal requirements outlined in the new whistleblower protection laws. This comes as ASIC ...
RMBS scrutiny could be loosened in US
ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... non-banks have been lending to some borrowers who may otherwise have obtained credit from banks in the absence of the regulatory measures," Kent said at the time.
NAB faces half a billion in fines
ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
National Australia Bank has admitted to breaching credit legislation 255 times over its axed introducer program for mortgages. NAB has filed documents in the Federal Court admitting to 255 of the 295 breaches of the Consumer Credit Protection Act alleged ...
Westpac chief believes in financial advice
ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... restricting business investment. Next year, Westpac will spend around half of its investment budget staying on top of regulatory obligations, he said. "In 2020, we expect to spend $800 million on regulatory and risk-related change which is 50% of our ...
Adviser scammed family, friends
ELIZABETH MCARTHUR  |  FRIDAY, 8 NOV 2019
A New York investment adviser named Ruless Pierre allegedly operated a Ponzi scheme that unlawfully obtained more than $2 million from investors who were told they'd see returns of 20% every two months. Part of the scheme, known as the Amongst Friends ...
APRA begins super data transformation efforts
HARRISON WORLEY  |  FRIDAY, 8 NOV 2019
... underperformers to lift their game," she said. "The improved data collection will also support the implementation of other key regulatory requirements including the business performance review, and the legislated outcomes assessments which form a key ...
Former Apogee, GPS Wealth advisers banned
JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2019
A former Apogee Financial Planning adviser has been handed a four-year ban for failing to provide appropriate advice. Meanwhile, a former GPS Wealth representative has been banned for three years for similar misconduct involving insurance products. ...
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