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Showing 771 - 780 of 3547 results for "October 1"

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
The corporate regulator is urging TPDinsurance providers to act on gaps in their processes by improving data capabilities after previously flagging concerns including declining claim rates, withdrawn claims and poor claims-processing times. ASIC's Report ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
A financial advice industry association, which had been vocal in boycotting the FASEA exam and fighting to retain life commissions, has shuttered. The United Financial Advisers Association (UFAA), which claimed to have 6000 members, quietly ended operations ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
The Federal Court will force BT Funds Management and Asgard Capital Management to pay $1.5 million each for charging fees for no service and making misleading statements. Between September 2014 and August 2017, the court found that the companies harmed ...

ASIC industry levy to increase

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Financial advisers will need to fork out an extra 27% to pay the regulator's industry funding levy for the 2021 financial year. Advisers will pay $71.354 million in aggregate or $3138 on a per adviser basis plus a fixed amount of $1500 per licence ...

Janus Henderson hires global operations chief

KANIKA SOOD  |  FRIDAY, 23 JUL 2021
The ASX-listed US$405 billion manager has hired from State Street to appoint a global chief operating officer. James Lowry will join Janus Henderson on October 1. The newly created role is based in London and reports to Janus Henderson chief executive ...

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
The corporate regulator has opened consultation for the proposed ban to hawking of financial products. Anti-hawking reforms are slated for an October 5 start. They are a part of the government's response to the Hayne Royal Commission, which said hawking ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
ASIC released more information on what financial advisers can expect from the new reference checking laws, which take effect on October 1. New protocols administered by ASIC requires a licensee recruiting a prospective financial adviser to request a ...

ASIC spells out IDR reporting

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
The corporate regulator has released the internal dispute resolution (IDR) reporting documents including a data dictionary and glossary. Financial firms across the industry will be the first to test the documents in a pilot later this year in what marks ...

UniSuper's O'Sullivan on what's next

KANIKA SOOD  |  MONDAY, 19 JUL 2021
Two months out from his last day at UniSuper, chief executive Kevin O'Sullivan talks to Financial Standard about his eight years at the fund, going public offer and staying away from mergers. O'Sullivan arrived at UniSuper in 2013, after a career ...

PineBridge launches Asia small caps fund

KANIKA SOOD  |  FRIDAY, 16 JUL 2021
The $172 billion fund manager has launched its third Australian-domiciled fund. The PineBridge Asia ex Japan Small Cap Genesis Fund is an Australia-domiciled fund that feeds into the strategy's UCITS fund. The underlying strategy is benchmark unaware ...