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Showing 131 - 140 of 370 results for "Mistake"

Spotlight on financial elder abuse

JAMIE WILLIAMSON  |  FRIDAY, 6 APR 2018
... is obtained, it can be considered an informed decision. However, Glomb highlighted that elderly people often make the mistake of thinking financial advice received empowers them to make an informed decision. "In cases like this, a lot of financial advisers ...

CBA puts away $500m for regulatory costs

DARREN SNYDER  |  WEDNESDAY, 7 FEB 2018
Commonwealth Bank posted a $4.7 billion after-tax profit in the first half of FY18 and its wealth management arm was a standout performer. However the bank has also put aside more than $500 million for ongoing legal and customer remediation costs. CBA's ...

Open banking regime to boost advice

DARREN SNYDER, KARREN VERGARA  |  MONDAY, 5 FEB 2018
Australia's open banking regime will fundamentally change the way financial advisers interact with consumers but several hurdles must be cleared before any true potential is realised. The expected multi-billion dollar implementation of open banking ...

Active manager diversity breeds performance: WTW

ALEX BURKE  |  WEDNESDAY, 24 JAN 2018
... underperformance, including home equity bias, investors imposing constraints and risk aversion. However, he said, "the most common mistake we have observed is the lack of diversification where, in some cases, investors concentrated their bets only in ...

Advice group solidifies Gen-Y positioning

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JAN 2018
The future of financial advice will be built around businesses which cater to niche markets, leading to more advisers joining boutique planning groups. This is the view of Wealth Enhancers co-founder and chief investment officer Finn Kelly. The firm ...

NAB refunds home loan customers

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
... errors there should be timely and appropriate action to ensure that consumers are not any worse off as a result of the mistake." The corporate regulator recently reported NAB was one of the big institutions that paid a huge compensation bill for charging ...

America is full

BENJAMIN ONG  |  MONDAY, 11 DEC 2017
... sluggish wage growth is dragging inflation and inflation expectations lower. This could open the Fed to a risk of a policy mistake depending on how it crafts policy in 2018. The consensus is for continued gradual and gentle interest rate hikes towards ...

Increased scrutiny driving regtech need

JAMIE WILLIAMSON  |  TUESDAY, 10 OCT 2017
... education pieces into the engine - bite-sized chunks of micro-learning - so advisers are able to detect when they have made a mistake, self-correct and learn as they go," Kaplan chief executive Brian Knight said. "It is a learner-driven process enabling ...

Markets are stronger than Trump

ALEX BURKE  |  WEDNESDAY, 6 SEP 2017
... explained. Citing Warren Buffett's idea that "markets are stronger than governments," Hobson argued it would be a tremendous mistake for investors to de-risk in light of recent political turmoil. "The biggest risk can be not taking one. If you're investing ...

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
The Australian Prudential Regulation Authority will establish an independent inquiry into the Commonwealth Bank, following a series of scandals which have called the integrity of Australia's largest bank into question. The inquiry, conducted by an APRA-appointed ...