Search ResultsShowing 61 - 70 of 100+ results for "Regulatory"
Wealth income halved, Hartzer skips $1.6m bonus
HARRISON WORLEY  |  MONDAY, 4 NOV 2019
... wealth and insurance income from the exit of our financial planning business, higher insurance claims and the impact of regulatory changes on revenue," Hartzer said. Wealth management and insurance income fell by 50% against 2018 numbers, which Westpac ...
Chi-X forced to be client of competition
ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... between/among infrastructures." "Competition between trading platforms, e.g., between ASX and Chi-X, necessitates a legal and regulatory framework that supports and ensures a level playing field." Aikins and Somes explained Chi-X is in the bizarre situation ...
ASIC, MLC Nominees and NULIS in court
ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
ASIC has commenced Federal Court action against MLC Nominees and NULIS today in regards to fees for no service, filing a statement of agreed facts and admissions. ASIC alleges NULIS and MLC (as the current and former superannuation trustees of NAB) ...
AFCA delivers $185m in compensation
ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The Australian Financial Complaints Authority has delivered $185 million in compensation to consumers in its first year of operation. AFCA received a 40% uptick in complaints compared to previous complaints schemes. About 77% of complaints lodged have ...
Super investment menus not what they seem: Rice Warner
ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... appropriate and designed for. For super funds, this ties to member outcomes. Rice Warner said the recent legislative and regulatory changes have resulted in increased community expectations and waves of funds undertaking formal reviews of their investment ...
Cbus chief opposes default longevity requirements for CIPRs
KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... Traditional annuities are often viewed as poor value but this is especially so for Cbus' membership," he said. He said the regulatory setting for retirement income products should allow for customization to member needs. Atkin also used the speech to ...
ASIC called out over super fund disclosures
ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Challenger's Jeremy Cooper has labelled ASIC's extension for portfolio holding disclosures a "free kick" for the superannuation industry. The regulator announced earlier this week that it is extending the deadline for super trustees to disclose ...
CBA finalises CommInsure sale
ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
... progressed in line with previous announcements," the bank said. The planned divestment has been subject to ongoing regulatory approval processes, which has led to an extended period of uncertainty for the divestment. CommInsure has also been embroiled ...
RI Advice faces ASIC action
JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
ASIC has filed a Federal Court action against RI Advice and one of its former financial advisers who was the subject of a case study during the Royal Commission. Commencing court action today, the corporate regulator has alleged RI Advice failed to ...
Crestone profits boosted by clients
ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
... advisers since 1 July 2018, bringing the total to 79. "Crestone has hired additional specialists in the cyber risk and regulatory compliance areas, augmenting any requirements that may come from the Royal Commission," Crestone said. "Through the understanding ...
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