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Treasury to assume control of LIF review | Money Management

“But it seems silly to have one review on life insurance at ASIC and another review about the quality of advice in Treasury when there’s going to be so much overlap.
Hume noted the review would consider the full breadth of issues impacting on both quality and affordability of all forms of financial advice .
Hume said ASIC had already started its data collection but that data would now come back to Treasury for analysis.
As we undertake the quality of advice review, important issues like the degree of underinsurance and maintaining access to affordable, quality advice will be at the forefront of our minds, she said, ....

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FirstRand Bank, South Africa's second largest bank, to exit India after 12 years

FirstRand Bank, South Africa s second largest bank, to exit India after 12 years
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The news was broken to FirstRand staff via a video conference on Tuesday. In response to a query from ET India CEO Rohit Wahi shared a statement confirming the shut down of its only branch in Mumbai and a retreat into a limited representative office. The move is likely to impact at least 50 jobs in India.
Agencies
The bank s net NPAs had risen to 5.18% of loans in fiscal ended March 2019 from next to nothing in March 2018.
FirstRand Bank, South Africa s second largest bank with $118 billion in assets is the latest foreign bank to completely exit India ending almost 12 years of trying to build a local franchise in the country. ....

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U.S. Treasury official, bank CEOs discuss boosting 'eco

U.S. Treasury official, bank CEOs discuss boosting economic inclusion
Reuters | Apr 20, 2021 09:44 PM EDT
Economist Adewale Wally Adeyemo listens to questions during his Senate Finance Committee nomination hearing to be Deputy Secretary of the Treasury in the Dirksen Senate Office Building, in Washington, D.C., U.S. (Photo : Greg Nash/Pool via REUTERS)
A top Treasury Department official met on Tuesday with 20 top bankers to discuss President Joe Biden s $2.3 trillion infrastructure plan and ways to use public-private partnerships to expand economic inclusion, the agency said in a statement.
U.S. Deputy Treasury Secretary Wally Adeyemo told 20 bank chief executives who are members of the nonpartisan Bank Policy Institute research group, that now is the moment to reimagine and rebuild a new American economy that rewards work, not wealth, and create a tax code that helps end profit shifting and tax games. ....

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¿Qué fue de Rosi Arcas? Su actual vida, rodeada de animales, tras 'Supervivientes'

¿Qué fue de Rosi Arcas? Su actual vida, rodeada de animales, tras 'Supervivientes'
telecinco.es - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telecinco.es Daily Mail and Mail on Sunday newspapers.

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UK mulls new digital currency: Britcoin - Times of India

UK mulls new digital currency: Britcoin
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UK mulls new digital currency: Britcoin
AP / Apr 20, 2021, 06:55 IST
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LONDON: British authorities are exploring the possibility of creating a new digital currency that treasury chief Rishi Sunak indicated could become commonly known as “Britcoin”. The Bank of England and the treasury said on Monday that they will work together to assess the benefits of a central bank digital currency, at a time when cash payments are generally on the decline, partly as a result of the coronavirus pandemic. The bank said the new currency, if it comes to pass, would be a new form of digital money for use by households and businesses and would exist alongside cash and bank deposits, rather than replacing them. ....

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