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Showing 701 - 710 of 2858 results for "Standards"

APRA takes action against Macquarie

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
Following multiple breaches to prudential and reporting standards, the Australian Prudential Regulation Authority (APRA) has hit Macquarie Bank with increased liquidity and operational risk capital requirements. Macquarie Bank breached APRA's reporting ...

Super runs out before death: ASFA

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... superannuation balances will be larger when people die, as will inheritances. Superannuation is intended to fund living standards of retirees, not to accumulate wealth to pass to future generations," the report read. By 2059, the review estimated that ...

Morningstar releases DDO solution

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
... is in the taxonomy used to describe a Target Market Determination (TMD)," Morningstar said. "Striving for common data standards and templates across issuers will allow distributors to systematise their monitoring and reporting obligations under DDO." ...

Hume expands portfolio

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... financial advisers, the Protecting Your Super Package and extending the time for advisers to complete the Financial Adviser Standards and Ethics Authority exams and winding it down to introduce a single disciplinary body. In welcoming the new taskforce ...

APRA gains traction on superannuation data project

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
The Australian Prudential Regulation Authority has released its final reporting standards for the first phase of the Superannuation Data Transformation (SDT) as it looks to clear out underperformers. Phase one addresses the most urgent gaps in APRA's ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... decisions. In addition, the prudential regulator launched action against the bank over material breaches of liquidity standards relating to incorrect treatment of specific funding and loan products for the purposes of calculating the Liquidity Coverage ...

Rainmaker reveals 2021 AAA super products

JAMIE WILLIAMSON  |  TUESDAY, 23 MAR 2021
... Dunnin said. "To achieve the AAA Rating, superannuation products are independently assessed to ensure they meet high standards across investments, fees, insurance, communications and more." The number of funds to receive the top rating was down slightly ...

ASIC praises super trustees

ELIZA BAVIN  |  TUESDAY, 23 MAR 2021
... expected trustees to ensure that these tools presented estimated impacts adjusted for inflation, adopted appropriate standards and assumptions, and clearly disclosed the assumptions and variables used in the modelling and that the figures disclosed are ...

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
... Qualifying Financial Entities (QFE) adviser. These has all been removed, with all advisers now required to meet the same standards and subject to a new Code of Conduct. Now, individuals must either hold a Financial Advice Provider (FAP) licence or be ...

Active funds quell passive flows

KARREN VERGARA  |  FRIDAY, 19 MAR 2021
... information is more restricted, and the home-market bias leaves investors with fewer assets that would meet global ESG standards, Calastone found. "ESG strategies have been a significant contributor to the success of active global equity funds. This ...