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ASIC provides guidance on Asia Funds Passport

KARREN VERGARA  |  WEDNESDAY, 1 AUG 2018
ASIC has updated its regulatory guides to reflect changes from the Asia Region Funds Passport bill that was recently passed. On June 28, the Federal Government passed the Corporations Amendment (Asia Region Funds Passport) Bill 2018 in an effort to ...

KPMG acquires customer experience fintech

HARRISON WORLEY  |  MONDAY, 30 JUL 2018
KPMG has acquired a customer experience consultancy which lists working with AMP as one of its key projects. KPMG acquired U Don't Know Us (UDKU), a customer experience innovator set to expand the big four consulting firm's customer, brand and marketing ...

Leading philanthropic couple honoured

HARRISON WORLEY  |  FRIDAY, 27 JUL 2018
... Australians to donate towards solving worthy social challenges. "There is no limit to what we can achieve if we continue to apply knowledge, think strategically and approach problems with flexibility," Forrest said. "By making our giving public, we hope ...

Industry bodies respond to RG97 review

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
... are challenges and inconsistencies with the existing disclosure regime and, importantly, recommends a framework that will apply more rigour to decision-making on fee and cost disclosure." Industry Super Australia public affairs director Matt Linden said ...

FASEA bumps adviser CPD to 50 hours

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JUL 2018
... also be required to complete an approved postgraduate course. Existing advisers with NOOSR-approved degrees will need to apply to FASEA for an additional assessment of whether their degree is a relevant qualification. If it is deemed relevant by FASEA ...

Socio-economics dictate insurance needs of young Aussies: Insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
... working Australians yet to reach the milestone of a $6000 account balance, suggesting the automatic removal of cover only apply to inactive accounts. This is based off of TAL's own experience in the 2016/17 financial year, paying out about $650 million ...

Government mulls reforms to tax residency rules

JAMIE WILLIAMSON  |  THURSDAY, 12 JUL 2018
... increasing prevalence and has the potential to weaken the integrity of the income tax system. "These tests are complex to apply, require an understanding of common law and often require an individual to seek third-party tax advice. Further, given this ...

QSuper cuts administration fees

KANIKA SOOD  |  FRIDAY, 6 JUL 2018
... capped at $900 a year, starting with distributions paid out in July, 2019. It was $1000 previously. The pared back admin fees apply to all member accounts in all options, QSuper chief executive Michael Pennisi told Financial Standard. "In 2015, we did ...

ASIC bans former adviser on IPO conduct

KANIKA SOOD  |  WEDNESDAY, 27 JUN 2018
... engaging in conduct that was likely to mislead, in contravention of s1041H(1) of the Corporations Act. Kawecki has the right to apply to the Administrative Appeals Tribunal to review ASIC's banning order. ASIC's investigation into the conduct of providing ...

Willis Towers Watson bolsters senior management

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
Willis Towers Watson is expanding its local senior management with the appointment of a former Funds SA portfolio manager. Fresh from an 11-year career with Funds SA, Simon James has linked with the global consulting firm as its new Australian head ...