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Showing 881 - 890 of 12178 results for "May"

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... incident or breach, or how to record and escalate one. "Some licensees did not appear to consider that a single complaint may give rise to an incident or a breach and become reportable. Some licensees only reviewed their complaints monthly, which does ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... additional monitoring and supervision obligations to ensure these advisers are compliant with the regulations and, where they fail, may incur civil penalties. Abood welcomed this surprise inclusion, saying many FAAA members have expressed interest in ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... period. There are also instances where the guidance provided allows directors to provide a rating based on experience that may not be relevant to the skill set being assessed," Deloitte said. "One example of this is the 'Industry Knowledge - Superannuation ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... return objectives and clearly defined parameters for identifying underperformance or circumstances where closer monitoring may be required," he said. "Where options are not performing as anticipated, they must decide how best to act, considering the ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... positive complaints management culture, including a focus on gathering accurate data. "The gaps we've identified suggest there may be inconsistent IDR reporting practices across the industry," Kirkland said. "While there may be reasonable explanations ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... initially placed stop orders on the product in February this year. ASIC believes that since February 2022, more than $480 million may have been invested in the fund by close to 6000 consumers. This was done primarily through their superannuation and ...

The sensitive conversations advisers shy away from

KARREN VERGARA  |  TUESDAY, 3 DEC 2024
... recognising signs if there is an imbalance as this can be tricky. "You're in a meeting, you're working to your agenda, you may not pick up on the subtle signs that can occur. Be conscious of that," he said. Doing so can lead to some confronting ...

Dividends to be down in FY25: Equity Trustees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... Republican majorities in the Congress and Senate," Thompson said. "While positive for near term growth, these initiatives may add to inflationary pressures and result in 'higher for longer' interest rate settings. This has quickly been priced in by bond ...

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... George John is hopeful that the committee will report by the designated date. However, if the federal election is called before May, the inquiry lapses. "The calling of the election is when parliament is suspended and we'll have to recall it. There's ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
The failure of the government to pass its proposed $3 million superannuation tax last week may well see the measure abandoned. The Division 296 tax could be shelved until after the next federal election, missing out on the opportunity to pass during ...