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Showing 811 - 820 of 1885 results for "Authority"

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Superannuation and Financial Services Industry, Commissioner Kenneth Hayne recommended a new three-person oversight authority would assess the effectiveness of APRA and ASIC in meeting their statutory objects and discharging its functions, reporting ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Australian Competition and Consumer Commission chairman to lead a capability review of the Australian Prudential Regulation Authority. Responding to the Royal Commission's final report into Misconduct in the Banking, Superannuation and Financial ...

Industry fund appoints chair

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... superannuation investments for the employees and former employees of Airservices Australia and the Civil Aviation Safety Authority (CASA). It became open offer in 2005 and now has 6500 members. In November, the fund won the SelectingSuper Members' ...

Global Financial Innovation Network launches

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
... committed to supporting innovation in the interest of consumers. Participating members include the: Financial Conduct Authority of the UK, Ontario Securities Commission of Canada, Hong Kong Securities and Futures Commission, Monetary Authority of Singapore ...

ASIC terminates managed accounts provider AFSL

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
... "Consumers should ensure they have a good understanding of all the fees and charges, and carefully consider the scope of authority they are giving to their adviser," she said.

New rules for UK retirement income products

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... strict new investing rules, with proposed regulation designed to increase consumer engagement. The Financial Conduct Authority is concerned about consumers moving into drawdown and holding their funds in investments that will not meet their needs, namely ...

Will the PC recommendations fall through the cracks?

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
... in the 46th Parliament," he said. While some of the recommendations may be possible to legislate by way of delegated authority via APRA, the ATO, or ASIC, much of the policy would require the passage of bills through Parliament. "As we've seen with ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... get our "houses" in order. However, tighter lending restrictions implemented by the Australian Prudential Regulation Authority (APRA) and as a result of the Hayne Royal Commission have already dented confidence in the Australian property market, sending ...

Specialist SMSF advisers need only apply

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... suggesting the requirement form an extension of the new standards in place under the Financial Adviser Standards and Ethics Authority. Further, the report has recommended that advisers be required to provide a document that clearly explains the key issues ...

FASEA reforms see ASIC register swell

JAMIE WILLIAMSON  |  TUESDAY, 8 JAN 2019
... January 2016 and 1 January 2019 will be considered an existing adviser by the Financial Adviser Standards and Ethics Authority (FASEA). The only way for an adviser to demonstrate they are an existing provider is to have been listed on the ASIC FAR with ...