Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 471 results for "ASIC Commissioner"

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... financial market infrastructures - the key entities that enable, facilitate, and support trading in capital markets. ASIC commissioner Simone Constant said the new laws create a "fit-for-purpose regulatory regime" for critical financial market infrastructure. ...

ASIC issues warning over shoddy DDO practices

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... issuers and distributors to reflect on the report's findings and improve their distribution practices," ASIC commissioner Alan Kirkland said.

Former ASIC commissioner joins Insignia Trustees

KARREN VERGARA  |  WEDNESDAY, 4 SEP 2024
A former ASIC commissioner will join Insignia Financial as the chair of its trustees business on September 19. Danielle Press also assumes the position of non-executive director at Insignia Financial Trustees, replacing Lindsay Smartt. Press had a five-year ...

Super funds fail to meet millennial members' expectations: ASIC roundtable

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
... that you deserve," Devine said. The roundtable, which also included financial content creator Queenie Tan and ASIC commissioner Simone Constant, highlighted a "significant transparency gap." Panellists discussed the need to improve access to information ...

ASIC proposes cash equity clearing and settlement rules

ANDREW MCKEAN  |  TUESDAY, 30 JUL 2024
... transparent and non-discriminatory basis with terms and conditions (including pricing) that are fair and reasonable." ASIC commissioner Simone Constant said it is moving quickly to develop and implement these rules, which require that, during the CHESS ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... in retirement. The follow-up survey released today again shows very little to no progress among super funds. ASIC commissioner Simone Constant said: "Trustees have a pivotal role to play in improving retirement outcomes for their members, with approximately ...

Australians selling assets over seeking help: ASIC

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
... would rather sell their personal belongings or get a second job rather than seek financial hardship assistance," ASIC commissioner Alan Kirkland said. "Customers in hardship are entitled under the law to request assistance. These findings should be top ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
ASIC commissioner Simone Constant says the regulator's new report on exorbitant advice fee deductions is not a criticism of advisers, rather of trustees failing basic obligations, with more still needing to be done by the reviewed funds some 12 ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... practices can help mitigate risks and protect superannuation members from real financial harm over the long-term," ASIC commissioner Simone Constant said. "ASIC is concerned about the potential impact on superannuation members, particularly amid evidence ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... comparison calculators, which give consumers the impression their existing superannuation fund is underperforming. ASIC commissioner Alan Kirkland said some of these cold-calling operators are pressuring consumers in critical retirement-saving years ...