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Showing 691 - 700 of 3423 results for "Update"

APRA proposes further unlisted valuation rules

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
APRA is proposing more stringent rules around how superannuation funds value unlisted assets and is taking industry feedback until 16 February 2022. The prudential regulator seeks to make several changes to Prudential Standard SPS 530 Investment Governance ...

Australian Ethical overhauls longstanding fund

JAMIE WILLIAMSON  |  THURSDAY, 23 SEP 2021
Australian Ethical is making a series of changes to its Advocacy investment option that will allow it to begin investing in alternatives and unlisted property. From October, the Advocacy option will essentially close and instead be known as the 'High ...

ASIC provides licensing update

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
ASIC has released its annual report on the number of Australian financial services licences (AFSLs) and Australian credit licences (ACLs) applied for and approved - revealing an increase in applications. The regulator revealed that between July 2020 ...

DDO nil-reporting rule scrapped

KARREN VERGARA  |  THURSDAY, 16 SEP 2021
In a win for financial advisers, the Design and Distribution Obligations (DDO) regime will scrap the nil-reporting rule. In the Updated amendments to the design and distribution obligations document released by Treasury, advisers will no longer be required ...

APRA leaves door open for benchmark tweaks

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... seeking approval from the government or at its own discretion. "So, there is some flexibility in the legislation process to update the indices that we use. And I think we can make proposals to the government about expanding the number of indices that ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... were highlighted as making commitments to improve by taking action on a shortcoming or identifying a merger opportunity. ( UPDATE: After this article was published Super Consumer Australia updated its findings, reducing the sub-sample of underperforming ...

ClearView offloads advice unit

KARREN VERGARA  |  WEDNESDAY, 25 AUG 2021
ClearView is divesting its financial advice business for $15.2 million to another ASX-listed firm. Centrepoint Alliance will acquire ClearView subsidiaries ClearView Financial Advice (CFA), Matrix Planning Solutions and LaVista Licensee Solutions. The ...

UniSuper moves on climate targets

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
... progressing on its commitment to net zero emissions after reducing its exposure to fossil fuels. In latest climate policy update, 40 of UniSuper's top 50 Australian portfolio companies have now set operational targets to meet the Paris 2050 climate ...

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
The Financial Services Council (FSC) released the second draft of the Life Insurance Code of Practice 2.0 for public consultation. The latest draft of the code was released today, incorporating feedback from the first draft's consultation. The FSC has ...

CBA to publicise misconduct

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
... an appropriate penalty was between $4 million and $5 million yet ASIC submitted a penalty of $7 million. CBA has yet to update its website and newsroom page with the notice at the time of publishing.