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Showing 951 - 960 of 4221 results for "Action"

Perth Mint faces AUSTRAC probe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... auditor at Gold Corporation's expense. The outcome of the audit will determine whether AUSTRAC will take any further action. The audit will cover the entity's requirement to have an AML/CTF program and comply with Part A of that program; the ...

The unintended consequences of the performance test

JAMIE WILLIAMSON  |  TUESDAY, 30 AUG 2022
... reducing the appeal of the fund even more to any potential suitors," Chris said. "Evidence suggests that members do take action against under performing funds, with some of those who failed in 2021 experiencing higher than average net member outflows." ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... cannot do much to encourage greater trust and confidence in the industry that ASIC will not take disproportionately punitive action. She proposed ASIC adopt a facilitative approach during a transition period and suggested the regulator should meet with ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... 'set and forget' approach to their target market determinations. Failure to review them regularly and take corrective action can result in harm if the product is inconsistent with the objectives, financial situation and needs of consumers in ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... Prudential Standard SPS 231 Outsourcing. Tidswell's RSE licence was cancelled in June 2021. ASIC first launched its action against Tidswell, MobiSuper and ZIB in November 2019. The action also involved Andrew Grover, a director of MobiSuper and ZIB. ...

Adviser standards consultation commences

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2022
... resulted in adverse findings against their licensee by the Australian Financial Complaints Authority; CPD compliance; and action taken by professional associations. "It is proposed that isolated incidences of minor misconduct would not be sufficient ...

Calls for greater efforts to close gender pay, super gap

ANDREW MCKEAN  |  WEDNESDAY, 24 AUG 2022
... comprehensive gender pay audit a top priority, as it allows organisations to identify the extent of the problem and take action to solve it. "Pay audits result in a greater understanding of recruitment and renumeration biases, which lead to the gender ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
Six of the largest financial institutions have paid or offered a total of $3.6 billion in compensation to consumers over fees for no service and non-compliant advice. The new stats come as the Financial Planning Association of Australia calls for an ...

ASIC highlights strategic priorities

CASSANDRA BALDINI  |  TUESDAY, 23 AUG 2022
ASIC has released its corporate plan, outlining strategic priorities and its course of action for the next four years, with a particular focus on the retirement sector. The regulator highlighted four strategic priorities. One of its primary focuses ...

Females, millennials lead the way in SMSFs: Class

CHLOE WALKER  |  WEDNESDAY, 17 AUG 2022
... retirement by giving them more choice and flexibility." She added that the report sends a positive message that women are taking action to create more financial freedom for themselves and looking for ways to get ahead. "It's great to see the rise in ...