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Showing 971 - 980 of 3483 results for "Compliance"

Life Code Compliance Committee chair named

ANNABELLE DICKSON  |  TUESDAY, 8 JUN 2021
The Financial Services Council and AFCA have jointly appointed Jan McClelland as chair of the Life Code Compliance Committee (LCCC). McClelland has extensive board experience and is currently deputy chancellor at the University of New England, chair ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
... there is an overwhelming trend towards super funds lowering their fees," Rainmaker executive director of research and compliance Alex Dunnin said. Looking at the mix of fee cuts amongst the fee cutters: about a third lowered their administration fees ...

AUSTRAC investigates NAB, JBWere

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... obligations, according to AUSTRAC. The financial intelligence agency is investigating NAB's "potential serious and ongoing non-compliance" with respect to customer identification procedures, ongoing customer due diligence, and its ability to comply with ...

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
... Yoshai has also been ordered to pay a $400,000 fine. His Honour Justice Middleton found that Forex CT had "systemic compliance deficiencies" and a culture of non-compliance and said that "the vast losses incurred by clients support the imposition of ...

Licensee awards tech mandate

KARREN VERGARA  |  TUESDAY, 1 JUN 2021
... such as errors and multiple iterations of the same documents and protect themselves and their licensees with automatic compliance," Liao said.

Super fund risk culture "immature": APRA

ELIZABETH MCARTHUR  |  FRIDAY, 28 MAY 2021
... is looking out for toxic corporate culture and instances of misconduct. Speaking at the ASFA Spotlight on Risk and Compliance event, Smith said workplace misconduct has never been a more high-profile issue in the media. "A single serious accusation of ...

Potential small carve out for annual renewal law

KARREN VERGARA  |  THURSDAY, 27 MAY 2021
... ASIC about the issue. They listened to the associations' concerns. As a result, ASIC will take a "facilitative compliance approach", meaning that it will not take regulatory action where breaches occur during the transition year, being 1 July 2021 ...

Link moves to streamline super fund advice

ELIZABETH MCARTHUR  |  THURSDAY, 27 MAY 2021
... of the Link Advice Digital Fact Find will not only improve member engagement but also improve adviser efficiency and compliance. "The combination of new and old means Digital Fact Find could be brought to market quickly and rapidly deployed, while benefitting ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... matter," Cullen said. "ASIC commenced this proceeding because licenced financial services companies need to have robust compliance systems to ensure they meet their legal obligations to customers," ASIC said. "Customers, and their beneficiaries, should ...

Advisers report burnout, breaking point: Research

KARREN VERGARA  |  TUESDAY, 25 MAY 2021
... stresses of the job. An alarming number (61%) said the stress is affecting their sleep. They blamed regulatory and compliance demands as their biggest source of anxiety; 82% described this as either "highly stressful" or "very highly stressful". Out ...