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

Search Results

Showing 871 - 880 of 3496 results for "compliance"

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... Superannuation Fund (VISSF). At the time, VISSF chair Peter Sharples said increasing regulatory reform and rising costs of compliance was having an impact, with the fund recognising the benefits scale could provide to members. The two ultimately determined ...

ASIC bans two Sydney based advisers

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... refund clients that had been overcharged fees. The ASIC statement says it found Allen was involved in Cummings' non-compliance with the requirement to provide SoAs. Allen had also audited his own files, engaged in misleading and deceptive conduct in ...

ASIC bolsters leadership

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
... this role he will oversee finance strategy and projects, management accounting, statutory reporting, finance systems, compliance advisory, industry funding, financial operations and unclaimed monies. Meanwhile, Nicole Collins has been appointed chief ...

Iress partners with fund manager

KARREN VERGARA  |  MONDAY, 13 DEC 2021
... Portfolio System, which constructs, reviews and analyses client portfolios. The solution also enables Optar to automate its compliance processes and improve connectivity with brokers. Founded in 2015, the fund manager has two funds invested in Australian ...

Number one challenge for advice firms revealed

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
... out above all else. Coming as no surprise to those in the industry, the issue advice firms are grappling with most is compliance. The local survey was part of a global study of advice firms by Dimensional which covered more than 800 participants in North ...

ClearView uses new anti-money laundering technology

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... ownership over its AML platform. Napier's solutions are designed to provide a holistic view of each customer so that compliance teams, with AI-assistance, should be more easily identify any activity that falls outside of typical customer behaviours and ...

ASIC sets out limited advice expectations

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
... the regulatory requirements." "We expect this guidance will provide regulatory certainty to industry and help reduce compliance costs. It will assist financial advisers in their efforts to make these forms of advice more available to consumers and assist ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... occasion it was 'only' $80 million lifted from consumers," Johnston said. "Meanwhile [if] an adviser gets their compliance wrong they are publicly humiliated, banned and commercially destroyed." In an unprecedented move, ASIC commenced six civil ...

Next Macquarie chair announced

CHLOE WALKER  |  THURSDAY, 2 DEC 2021
... nominating committees. Grady has been a director of both since May 2011 and is a member of the board governance and compliance committee, board nominating committee, board remuneration committee and board risk committee. "It has been a memorable eleven ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
In an unprecedented move, ASIC has commenced six civil penalty proceedings against Westpac for widespread compliance failures in its banking, wealth, superannuation and general insurance businesses. The six matters filed relate to charging fees to deceased ...