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Showing 951 - 960 of 4963 results for "Practice"

ASIC urges market to improve outage resilience

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... continuity plan testing needed to include stimulated market outage events to enable participants to develop test cases and practice recovery strategies or switching to alternative arrangements for critical dependencies. ASIC commissioner Danielle Press ...

Wealth industry on the cusp of evolution: Report

CASSANDRA BALDINI  |  TUESDAY, 28 JUN 2022
... clients," the report stated. "In their home markets, wealth managers also had propositions for "affluent" clients, but in practice, they mainly focused on the lower HNW segment." The report added that only managers with strong investment capabilities ...

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
AMP has called for the federal government to review life insurance model fees and caps placed on financial advisers, warning the current climate will lead to an underinsured population. The wealth manager picked at old wounds in its submission to the ...

Centrepoint says Diverger offer overlooks strategic value

JAMIE WILLIAMSON  |  MONDAY, 27 JUN 2022
Diverger's bid for Centrepoint Alliance does not reflect the company's strategic value, the latter's board has determined. Diverger handed Centrepoint a non-binding indicative offer last Thursday, offering about $65 million for 100% of the company's ...

Super trustees face rough seas ahead: Byres

ANDREW MCKEAN  |  FRIDAY, 24 JUN 2022
In a speech at the Trans-Tasman Business Circle 'Meet the regulators' event, APRA chair Wayne Byres said to expect the performance of super trustees to continue to be the subject of intense scrutiny. On APRA's latest priorities, Byres said ...

Citi pilots Bitcoin custody service platform

ANDREW MCKEAN  |  THURSDAY, 23 JUN 2022
Citibank has announced that it's launching will launch a Bitcoin custody services platform for institutional investors. The bank will partner with orchestration platform METACO to help develop and trial its digital asset custody capabilities. "This ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
The latest iteration of the Life Insurance Code of Practice features more than 50 new consumer protections, including a ban on blanket mental health exclusions and greater limits on surveillance. The updated Code follows consultation with industry ...

Insurers to get new advocacy body

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
... played a critical role in representing the sector and in the execution of key projects such as the Life Insurance Code of Practice and data collection and analysis initiatives. CALI said it will be seeking to take over future responsibility of the Code ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
Both the Association of Financial Advisers (AFA) and the Financial Planning Association of Australia (FPA) have used their submissions to the Quality of Advice Review to call for regulatory certainty. Releasing their submissions yesterday, both industry ...

Ausbil adds to sales capabilities

CHLOE WALKER  |  FRIDAY, 17 JUN 2022
... from Magellan Financial Group and has over 21 years of experience in financial services. Prior to Magellan, she was a practice manager and co-owner of a boutique financial advisory practice for over a decade and has previously held marketing and distribution ...