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Showing 711 - 720 of 1792 results for "Monitor"

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... of industry renegotiating current arrangements to remove grandfathered remuneration flow through to clients, ASIC will monitor and report on the extent to which product issuers are acting to end the grandfathering for the period 1 July 2019 to 1 January ...

Commonwealth FP fails to meet EU obligations

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Hours before the final report from the Royal Commission goes public, Commonwealth Financial Planning has been ordered by ASIC to stop charging ongoing service fees. It is also barred from entering any new ongoing service arrangements with customers. ...

ASIC cracks down on non-compliant AFSL

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
... practice operating on the New South Wales Central Coast. Surveillance by ASIC showed HNW Planning failed to adequately monitor and supervise its representatives. Its audit processes were also deemed deficient. HNW Planning is located at Erina on the ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... to govern the monitoring and supervision of their representatives. We expect all licensees to comply with this and will monitor their compliance closely."

Collaboration needed for AI and machine advice programs

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
More collaboration is needed to ensure the effectiveness of artificial intelligence and machine-based programs across the financial services industry, according to Kaplan Professional and Red Marker. In December 2018, multiple industry associations ...

Productivity Commission shakes up default superannuation

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... establish a joint regulator taskforce to advance the Insurance in Superannuation Voluntary Code of Practice. Its aim is to monitor and report on funds adopting and implementing the code.

UK loses £800bn in assets amid Brexit fears

KARREN VERGARA  |  TUESDAY, 8 JAN 2019
The financial services sector has moved about £800 billion ($1.4 trillion) of assets out of the UK to Europe since the Brexit referendum took place more than two years ago. This is according to EY's Brexit Tracker, which flagged the figure as fairly ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
A landmark Federal Court judgment has provided greater clarity between general and personal financial advice, ruling in favour of Westpac's position. Yet the bank still managed to breach the Corporations Act. Judge Jacqueline Gleeson said ASIC failed ...

Ausbil ESG strategy advances

DARREN SNYDER  |  THURSDAY, 3 JAN 2019
Ausbil's in-house ESG research team has matured to the point where it's leading investment strategy creation and attracting a wider international audience. The asset manager's call to develop its own ESG team and not buy research "off the shelf" means ...

State Super CIO exits

KARREN VERGARA  |  FRIDAY, 21 DEC 2018
Richard Hedley exits after more than two years in the role. He was responsible for the design and oversight of all State Super's investment strategies, including advising on investment objectives, policies and strategic asset allocation. Hedley was ...