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Showing 711 - 720 of 2805 results for "Regulation"

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
... productivity," Alexander said. Hindered by these legacy systems, advice businesses have struggled to keep up with changes in regulation, Alexander said, with compliance eroding crucial customer time as well as the revenues of the financial adviser's ...

Schroders appoints head of private debt

KANIKA SOOD  |  FRIDAY, 14 AUG 2020
... institutional investors to gain access to favourable risk-adjusted returns. This is a result of both increasing bank regulation (where traditional bank returns are more difficult to achieve with higher capital imposts), and desire for banks to hold lower ...

iProsperity accused of being a Ponzi scheme

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... than 60 related entities, failed due to the impact of COVID-19 and negative media articles as well as tightening of regulation on funds coming out of china and delays on some key property projects. But, Cor Cordis said it found that iProsperity was likely ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... issues relating to redundancies, retirement, life insurance and superannuation, the FSC said. Yet, increased costs and regulation continue to obstruct the delivery of advice. With the median cost of up-front advice sitting at approximately $3600, the ...

Future Super hires governance lead

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
... means he will provide us with an unrivalled level of expertise to support Future Super in managing the ever-evolving regulation space," Hunter said. "Fahmi will be instrumental as we continue to help drive member outcomes through the rest of 2020 and ...

Pershing convicted for client breaches

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... June 2016 and December 2018. Pershing pleaded guilty to three breaches of the Corporations Act and the Corporations Regulation. Pershing was fined $15,000 for a breach where the transferring sale proceeds from international trading in client's securities ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
... Financial Planning advisers. The action was initially expected to be filed late last year, but was delayed due to new regulation relating to how class actions are funded. It was then expected to be filed in February but was delayed again. It comes as ...

Investment strategies need to change: GSFM

ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
... the COVID-19 pandemic, but also because of other pre-existing economic issues. "Trade-wars, deglobalisation and re-regulation, dysfunctional politics, cyber-wars, climate change, inequality, and 'oligopolistic privilege' were already playing ...

APRA intervention blindsided AFA, FPA taskforce

ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
... sustainability of the industry but ASIC is the regulator for the consumer," Kewin asked. But, he said he wants to see joint regulation of life insurance between ASIC and APRA. "In our opinion, where was the communication with both advisers and consumers ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... investment schemes" labelling them "bizarre", as the Senate holds its second public hearing into litigation funding and the regulation of the industry. The regulations could stymie compensation payouts to Australians robbed by big banks, harmed by faulty ...