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Showing 811 - 820 of 2806 results for "Regulation"

ANZ profits hit by remediation, low rates

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
... year profit fell 7% to $5.95 billion compared to last year, with the bank blaming record low interest rates, increased regulation and a rise in customer remediation costs. ANZ chief executive Shayne Elliott said: "This has been a challenging year of ...

Extension for super fund portfolio disclosures

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
The Australian Securities and Investment Commission has extended the deadline for superannuation trustees to disclose their portfolio holdings. ASIC said it amended the order to provide "legal certainty" about the first reporting day, given that the ...

Growing advice group in commissions fight

ELIZABETH MCARTHUR  |  THURSDAY, 24 OCT 2019
A relatively new advice association has picked up members at a rapid pace as it takes up the fight to retain life insurance commissions. The United Financial Advisers Association (UFAA) now has over 4000 members after launching just a few months ago. ...

New board positions for J.P.Morgan, CBA executives

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... approach to supporting efficiency and professionalism in our financial markets. AFMA's advocacy for public policy and regulation will continue to promote fair, competitive and efficient markets." Along with this, the AFMA announced Andrew Hinchliff ...

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... basis to exclude from advice consideration any of the 12 retail life insurers regulated by the Australian Prudential Regulation Authority. "Heavily restricted life insurance APLs are still the norm and not even heat from the recent Financial Services ...

Cbus veteran moves to APRA

ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
... governance (company secretary) and compliance at Cbus and is now risk specialist, governance at the Australian Prudential Regulation Authority. Before moving into the head of governance role, Thurstans spent over 18 years as executive manager of governance ...

CommInsure eyes deferred lifetime annuities

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... products, but it is now working on deferred lifetime annuities. "We have been looking at them for some while. The July 1 regulation changes have provided certainty around social security means testing," CommInsure head of annuities George Lytas told ...

APRA won't appeal IOOF judgement

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
The Australian Prudential Regulation Authority will not appeal the Federal Court decision to dismiss its court action against IOOF. The case related to the management of conflicts of interest, the appropriate use of superannuation fund reserves and ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... very little knowledge about their super and what they believed was often misguided," she explained. "It is the role of regulation and legislation to ensure that members are getting fair value for money, rather than relying on members' ability to compare ...

ETFS Capital backs indexing startup

KANIKA SOOD  |  FRIDAY, 11 OCT 2019
... was previously Thomson Reuters Benchmarks' chief executive. Its services include index strategy and design, benchmark regulation services for EU and UK, index calculation services and index governance, management and administration. The startup recently ...