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|... distribution obligations. In a letter to trustees co-signed by APRA deputy chair Helen Rowell and ASIC commissioner Danielle Press, the regulators highlighted how the new obligations will interact and where they complement. The Business Performance Review ...|
|... accounts have insurance attached, and a majority have the default insurance offered by the fund," ASIC commissioner Danielle Press. "The decisions superannuation trustees make about default insurance arrangements are important because most fund members ...|
|... when designing default categories, ASIC said, adding that there are vast areas of improvements. ASIC commissioner Danielle Press warned that trustees "may be contravening their legal obligations if they fail to ensure that insurance premiums charged ...|
|... doubts in the AAT's mind as to whether Allegra would be able to deal honestly," the AAT said. ASIC Commissioner Danielle Press said the decision reinforces the recent licensing reforms under the Financial Sector Reform (Hayne Royal Commission Response-Stronger ...|
|... the 14.9% decrease in financial adviser numbers on the Financial Adviser Register to 21,284. ASIC commissioner Danielle Press added that good-quality affordable personal advice may help consumers make better financial decisions, especially during times ...|
|... the year. Sean Hughes was the second-best-paid commissioner at $604,106, followed by John Price at $582,3094 and Danielle Press with $575,724. Taking to Twitter, Senator Andrew Bragg said it's time for a clean out at the regulator. "Too many commissioners. ...|
|... premiums in the process unless the member took active steps to opt out of this categorisation. ASIC commissioner Danielle Press noted insurance premiums for smokers are notoriously higher for smokers than non-smokers. "Given the low prevalence of smoking ...|
|... Parliamentary Joint Committee, Corporations and Financial Services Senator Andrew Bragg asked ASIC commissioner Danielle Press how ASIC's review into member communication about the fee increase. Bragg said the member communications indicated that ...|
|... about the value of their investment portfolios in an effort to cover up his theft. At the time, ASIC commissioner Danielle Press said: "Clients need to be able to trust their financial advisers, and in this case, Mr Gibbs breached that trust."|
|... significantly impacted his victims lives in order to fund his lavish lifestyle. Worse still, ASIC commissioner Danielle Press said Nowak had acted deliberately. "Mr Nowak deliberately misled his clients and used their funds for his own benefit," she ...|
Willis Towers Watson (WTW) has announced a new head of retirement for Australasia as Brad Jeffrey retires after serving 40 years with the company.
Perpetual Investment Management has appointed a new custodian, replacing RBC Investor and Treasury Services following its exit from the Australian market.
Zenith Investment Partners has partnered with MSCI to enhance the delivery of institutional-grade portfolio analysis, service scalability, insights and reporting to its managed account portfolio clients.
The neobank has become the first Australian bank to return its customer deposits after it withdrew its banking products and announced the return of its authorised deposit-taking institution (ADI) licence.
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