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Showing 51 - 60 of 333 results for "Watchdog"

NZ advisers begin new licensing regime

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
Financial advisers in New Zealand are now operating under a new licensing regime that is regulated by the markets watchdog. From March 17, all financial advice providers (FAPs) must hold or operate under a full licence from the Financial Markets Authority ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... systems, including through targeted supervisory actions where sub-standard practices are identified, are all under the watchdog's radar. Together with ASIC, APRA said it also endeavours to influence improved retirement outcomes in the new year. Both ...

ASIC issues more interim stop orders

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... disclosure statement (PDS) and to stop it from providing general advice to retail clients in relation to SYEP Derivatives. The watchdog was concerned the TMD inappropriately included investors whose objective was to preserve capital and income generation ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... service misconduct or non-compliant advice. While it is ASIC's final update, some remediation programs are ongoing. The watchdog said the institutions have paid or offered the total sum as at 31 December 2022 which included $1.1 billion paid or offered ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Setting a precedent, the corporate watchdog has taken Mercer Superannuation Australia to court for alleged greenwashing conduct. Mercer marketed the Sustainable Plus options, available in the Mercer Super Trust (MST), as suitable for members who "are ...

Financial Circle director convicted, fined

CHLOE WALKER  |  TUESDAY, 21 FEB 2023
... Financial Circle from August 2017 to September 2018 despite having been disqualified from managing corporations by the watchdog for two and a half years in 2016. The 2016 ban was due to his involvement in two companies - FP Investment Partners and Equilibrium ...

Former Big Un chief charged with insider trading

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
... known as Richard Simon Evertz, was represented by his lawyer in the Downing Centre Local Court yesterday. The corporate watchdog alleges that roughly around 10 January 2017, Evans made the offence and communicated the information to a shareholder. It ...

Advisers put on notice: HLB Mann Judd

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... opportunity for many new entrants as it can set them up with building and structuring tax advice overtime." In 2014, the watchdog allowed a "one-off" pardon enabling eligible taxpayers to disclose omitted offshore income, capital gains and over-claimed ...

More DASS complainants flock to AFCA

KARREN VERGARA  |  MONDAY, 6 FEB 2023
... has grown by about 100 to 1700 as of 1 February 2023, according to AFCA's latest figures. Last August, corporate watchdog ASIC urged former DASS clients who potentially suffered bad advice to lodge a formal complaint with AFCA, which subsequently ...

CareSuper appoints head of equities

ELIZABETH FRY  |  FRIDAY, 3 FEB 2023
... investment manager, Wong held positions at ABN Amro and Deloitte Touche Tohmatsu. Earlier, he worked at the corporate watchdog for five years as a senior analyst. CareSuper chief investment officer Suzanne Branton commented: ''We are delighted ...