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Showing 691 - 700 of 3466 results for "Response"

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... consultation. "The respondents agreed with APRA's assessment that the four standards remained broadly fit for purpose," APRA's response letter read. "A small number of suggestions were made in relation to one standard, LPS 360, with proposed technical ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
... investment exclusions for tobacco-related investments." In total, ASIC has issued over $140,000 in infringement notices in response to concerns about alleged greenwashing against four entities. "Reliable disclosure practices are vital to a well-functioning ...

Advice firm launches Sharia-compliant platform

CASSANDRA BALDINI  |  THURSDAY, 2 MAR 2023
... underpinned by OpenInvest. Meezan Wealth Management founding director Rokibul Islam explained the solution was established in response to demand from Australian Muslims who wanted a simple and easy-to-use way to grow their wealth via professional portfolio ...

ASIC questioned over workplace culture

CASSANDRA BALDINI  |  THURSDAY, 23 FEB 2023
... Secretary Treasurer Kennedy to ASIC chair Joe Longo regarding Chester's conduct was reviewed along with Longo's response. According to the hearing, Longo was provided with a fuller statement by Treasury than was shared with Chester. Looking at ...

Advice group convicted of hawking

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
... make or don't suit their needs," ASIC deputy chair Sarah Court said. "Reforms to the anti-hawking regime were in response to clear consumer harm when it came to the unsolicited calls involving financial products. ASIC strongly advocated for these ...

SEC fines Mormon Church investment arm

KARREN VERGARA  |  WEDNESDAY, 22 FEB 2023
... about US$32 billion, "would lead to negative consequences", ultimately leading to the creation of the shell companies. In response, the Church said: "The Church's senior leadership received and relied upon legal counsel when it approved of the use ...

ASIC cracks down on CHESS issues

KARREN VERGARA  |  WEDNESDAY, 22 FEB 2023
... components are fit-for-purpose and the measures to be adopted to address identified gaps and deficiencies," he said. In response, ASX managing director and chief executive Helen Lofthouse said the exchange is "progressing its action plan to address the ...

abrdn terminates funds amid transition

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2023
... equities capabilities to the latter and rebrand all offerings. abrdn said this was a refocusing of its local business "in response to the need for greater local scale to be successful in delivering the best outcomes for Australian clients." Several abrdn ...

ASIC dodges PGPA investigation questioning

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
... "It's a large Act, I want to make sure they answer correctly," Savundra explained. Bragg wasn't convinced, saying the response seemed strange. "I just want to be clear with you that you would know if there had been any such inquiry because the ...

I know it's hard, but it could be harder: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
... impacted by interest rate increases. "You seem prepared to smash Australia into a recession by trying to squash demand in response to inflation that has, on the RBA's own analysis, been predominantly a result of supply-side factors," he said. "Can ...