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Search ResultsShowing 51 - 60 of 100+ results for "Regulatory"
Financial institution charged over Epstein scandal
ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
The US Department of Financial Services (DFS) has hit Deutsche Bank with a US$150 million penalty for the bank's relationship with disgraced financier Jeffrey Epstein. This marks the first enforcement action by a regulator against a financial institution ...
Generation gap opens up in financial advice
ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
... liquidity challenges, falling investment returns and early access withdrawals. These pressures, combined with heavier regulatory demands, will increase the likelihood of more fund mergers to achieve greater scale."
Equity Trustees nabs new director
ALLY SELBY  |  WEDNESDAY, 8 JUL 2020
... including unprecedented numbers of people accessing part of their superannuation early, alongside an inherently complex regulatory environment means that now more than ever, specialist superannuation trustee experience is essential. "We congratulate ...
NAB Private executive departs
KANIKA SOOD  |  WEDNESDAY, 8 JUL 2020
... years. Michael Saadie will act as chief customer officer, business and private banking, effective April 30, subject to regulatory approvals. Earlier in the month, Michael Baird left as the chief customer officer of the consumer bank effective April 15. ...
BT un-aligns group insurance, awards mandate
ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
... in a note to superannuation members. The new financial year also saw BT update super members on fees and costs. The Regulatory Change Expense Recovery fee reduced for BT Lifestage members from 0.05% to 0.01% and for all other investment options from ...
ANZ accused of paying hush money on BBSW scandal
ELIZABETH MCARTHUR  |  FRIDAY, 3 JUL 2020
In an action filed in the Federal Court ANZ has been accused of throwing a whistleblower under the bus, paying a fine as "hush money" and "virtue signalling" following ASIC's investigation into ANZ's alleged manipulation of the bank bill swap rate. ...
Colonial First State cops licence conditions
JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
APRA has imposed licence conditions on Colonial First State Investments Limited to ensure super members' best interests are met, effective immediately. The regulator's decision follows an investigation into matters referred to it by the Royal ...
Industry fund eyes KiwiSaver accounts
KANIKA SOOD  |  THURSDAY, 2 JUL 2020
... relationships, Watson said. "Fees are an absolute priority for us. Not at this stage, we have been working through the many regulatory changes," Watson said. According to the APRA heat map, First Super's default option's total fees fell from ...
AMP should stop whining: Slater and Gordon
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
Law firm Slater and Gordon has slammed AMP chief executive Francesco De Ferrari's criticism of litigation funding and class actions, as AMP continues to battle lawsuits sparked by the Royal Commission. Slater and Gordon head of class actions Ben Hardwick ...
Bank hires new wealth chief
ELIZA BAVIN  |  WEDNESDAY, 1 JUL 2020
... to the group," Johnston said. "The changes provide further clarity around accountability, consistent with the BEAR regulatory requirements and will see the bank up for improved performance." Van Horen will commence in the role effective 4 August 2020. ...
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