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Search ResultsShowing 81 - 90 of 100+ results for "Regulatory"
Former AFSL director banned
ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
ASIC has cancelled the AFSL of Olive Financial Markets following concerns that it had not complied with its obligations as an AFS licensee and that it was likely to contravene its obligations in the future. Olive Financial applied to the Australian ...
Former Spectrum Wealth, NAB advisers banned
ELIZA BAVIN  |  THURSDAY, 30 APR 2020
ASIC has permanently banned an ACT financial adviser over dodgy SMSF advice, and banned another from NSW for three years for failing to consider clients' best interests. Jane Myers, an authorised representative of Spectrum Wealth between 2013 and 2017 ...
Adviser bans fall
ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... ASIC Enforcement Update along with an outline of its enforcement strategy for 2020. However, ASIC recalibrated its regulatory priorities in mid-April to focus on challenges created by the COVID-19 crisis and any highly significant or urgent matters. ...
Top adviser queries revealed
ALLY SELBY  |  THURSDAY, 30 APR 2020
... received a deluge of enquiries during March and April, as advisers move to better understand the government's latest regulatory changes and measures. "The focus from advisers to date has been on understanding how the different rules may benefit their ...
FASEA too soft on ethical investing: Advisers
ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... its climate change risk disclosure reporting levels and the Modern Slavery Act," she said. "There's this pull from regulatory and this push from climate demand. Larry Fink just announced all of Blackrock's [active] funds will take sustainability into ...
Australian fund regulation below average: Morningstar
ALLY SELBY  |  TUESDAY, 28 APR 2020
Australia has received a below average grade from Morningstar for the regulatory and tax frameworks that its managed funds face. As part of its biannual Global Investor Experience report, the research house assessed the experiences of mutual fund investors ...
Curtains fall for two financial services companies
ALLY SELBY  |  MONDAY, 27 APR 2020
The Federal Court of Australia has ordered two financial services companies to be wound up, with McGrathNicol appointed as the liquidator of both firms. ASIC applied to have both Audrn Group and Optima Lending Solutions wound up earlier this year, with ...
IOOF, CountPlus, Iress want better path to fee consent
ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
... the industry to agree to a digital, consistent and automated process to ensure we can maintain a balance in meeting regulatory obligations, delivering for clients and having a financially sustainable advice profession." IOOF head of platform technology ...
Compliance worse than COVID-19
ALLY SELBY  |  THURSDAY, 23 APR 2020
Regulatory and compliance burden is a bigger challenge and disruption for financial advisers than COVID-19, the global pandemic that has ripped both economies and lives to shreds. In an interview with Financial Standard, Investment Trends research director ...
Members begin to turn on industry funds
HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... point to the pressures on industry funds, particularly their exposure to the COVID-19 crisis from both investment and regulatory perspectives. "In the last month the concern for industry funds and retail funds in particular is about how many Australians ...
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