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Showing 761 - 770 of 2779 results for "OCC"

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
The Association of Financial Advisers has hit back at ASIC and APRA for causing "confusion" and "interfering" with financial advice as they look to introduce new changes to Statements of Advice. The association points to the regulators' joint letter ...

KLP divests Israeli-linked settlement firms

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
Norway's largest pension fund KLP has offloaded 16 companies that operate in banking, construction, infrastructure and telecommunications in Israel connected to occupying Palestinian territory. The pension fund announced on June 5 that following failed ...

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
Australian economic and survey releases over the past week continued to paint a picture of a strengthening recovery. However, the rosy results preceded the outbreak of the Delta variant that prompted lockdowns and/or tightened restrictions in major ...

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
Trading platform Robinhood has been slapped with a US$70 million fine, deemed to be the largest financial penalty handed down by the Financial Industry Regulatory Authority (FINRA). FINRA, which regulates brokerages and exchanges, said millions of Robinhood ...

GBST improves compliance checks

KARREN VERGARA  |  TUESDAY, 29 JUN 2021
GBST has upgraded its solution to make it easier for superannuation funds to identify members and meet Australian Tax Office tax obligations. GBST Digital now allows super funds to integrate ID verification in their systems without compromising the ...

UK pension funds pushed to merge

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
The UK pension sector is experiencing similar pressure to that being felt by Australia's super funds, with the pensions regulator asking defined contribution (DC) funds with less than £5 billion in assets being urged to merge. In September last ...

Adviser slapped with four-year ban

KARREN VERGARA  |  MONDAY, 28 JUN 2021
Another former Meritum Financial Group and InterPrac Financial Planning adviser has copped a ban from the corporate regulator. From 1 April 2021, ASIC banned Hobart-based Hannah Jennings from providing financial services for four years for failing to ...

ASIC removes Societe Generale restrictions

ANNABELLE DICKSON  |  FRIDAY, 25 JUN 2021
The corporate regulator has removed AFS licence conditions imposed on the French bank after it breached client money obligations. As per the licence conditions, Societe Generale appointed an independent expert to assess and test the adequacy and effectiveness ...

CBA offloads general insurance arm

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
Commonwealth Bank has announced the sale of CommInsure General Insurance to the Hollard Group after divesting CommInsure Life and BoCommLife. Announced this morning, the sale agreement includes a 15-year strategic alliance that provides Hollard with ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
The corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. In the Federal Court this morning, ASIC representative Christopher Archibald QC recalled the ...