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Showing 61 - 70 of 720 results for "Resolution"

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... recovery plans or to implement a voluntary exit, APRA said. As such, an effective transfer of members, and recovery and resolution of the trustee company, is paramount to the role of the baseline component. "To ensure that RSE licensees have sufficient ...

AFA posts $273,135 operational loss

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
The Association of Financial Advisers (AFA) has reported an operating loss of $273,135, an improvement of $94,655 from last year's result, as it gears up for the vote on its proposed merger with the Financial Planning Association of Australia (FPA). ...

CALI backed by industry

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
... Australia. Members include AIA Australia, ClearView, Hannover Re, Integrity Life, MLC Life Insurance, NobleOak, QInsure, Resolution Life Australasia, Swiss Re, Zurich Financial Services, Challenger, General Reinsurance Life, HCF Life, MetLife Australia ...

Federal Budget is challenging: Economist

CHLOE WALKER  |  WEDNESDAY, 26 OCT 2022
... will be addressed with $126.3 million in funding, while more than $30 million is being provided to support dispute resolution and appeals. The government has said it will establish a review of the NDIS too. The NDIS is more expensive than ever before ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... proposed rulemaking asks for comment on potential new requirements and resources that could be used for an orderly resolution of large banking organisations, including a long-term debt requirement. The draft advance notice would also seek comment on ...

AFSL boss banned by ASIC

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
... determinations. "This is a fundamental obligation of AFS licensees, and crucial in ensuring that Australia's financial dispute resolution system remains efficient and effective," she explained. ASIC found that as a director, Gribble approached AFCA determinations ...

ASIC updates remediation rules

CHLOE WALKER  |  TUESDAY, 27 SEP 2022
... or paid. It also helps licensees understand how remediation interacts with other obligations, like internal dispute resolution. "Our guidance puts the onus on industry to get on with fair and timely remediations - returning the money they owe to wronged ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... Financial Planning, Charter Financial Planning, Hillross Financial Services and AMP Life, which has since been acquired by Resolution Life. All five companies admitted to the misconduct. Breaking the penalty down, $4.8 million will be paid by AMP Financial ...

Super funds more likely to recall shares for proxy votes: Research

RACHEL ALEMBAKIS  |  TUESDAY, 20 SEP 2022
Institutional investors, such as super funds, are more likely to recall loaned shares to exercise voting rights in line with proxy voting policies, research has found. In the decade since the introduction of the "two-strikes rule" in 2011, more institutional ...

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... be subject to less onerous requirements, in line with their size, complexity and business models. Secondly, CPS 900 Resolution Planning (CPS 900) would require large or complex APRA-regulated entities to take pre-emptive actions so in the event of failure ...