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Showing 31 - 40 of 138 results for %22Banking Industry Conduct%22

ASIC bans former Fitzpatricks employee

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
... to 2018. ASIC said the woman was convicted of fraud in April this year after the court found that she had used her own banking security token and a second banking token that did not belong to her to transfer close to $300,000 of client and corporate ...

Major super funds caught in fraud scandal

ELIZA BAVIN, JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2019
... individuals who unknowingly had their identities compromised, were then used to open bank accounts at various Australian banking institutions. Investigations have uncovered at least 70 bank accounts created using fraudulently-obtained identities to date," ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... management did not meet management's expectations. Ongoing negative sentiment surrounding the Royal Commission into the Banking, Superannuation and Financial Services Industry created significant uncertainty which had adversely affected the market ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... ASIC also flagged it will work diligently to help Frydenberg push through numerous legislative reforms stemming from the banking Royal Commission and Productivity Commission inquiry into superannuation. This includes the proposed conduct accountability ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... chronic underperformance and the fact that one in three workers are not even getting paid super," he said. The Australian Banking Association, meanwhile, highlighted the action they had already taken to implement the Commission's recommendations before ...

Netwealth FUA, adviser numbers rise

KARREN VERGARA  |  MONDAY, 19 AUG 2019
A number of financial advisers who flocked to wealth management institutions for Netwealth as a result of the banking Royal Commission have helped boost the platform's funds under administration by 30% to $23.3 billion. Financial results for the ...

Industry not impressed with APRA

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... struck. The survey, conducted by Orima Research, takes into account the positions of 280 regulated entities across the banking, insurance and superannuation industries, and 70 knowledgeable observers, including auditors, actuaries and industry associations. ...

Intrust launches micro-saving app

KARREN VERGARA  |  TUESDAY, 11 JUN 2019
... a house and more for retirement by launching micro-contribution tool SuperCents. SuperCents connects members' everyday banking accounts to their super to help top-up contributions. The technology behind the app, which is backed by Moneysoft and Link ...

Industry wide pay cut for boards

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... 10% and 21% respectively. Governance Institute chief executive Megan Motto said: "It is clear that the effects of the Banking Royal Commission are already being felt by Australia's financial institutions, as shareholders and their boards move to act ...

Banks sluggish on Indigenous financial inclusion

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
Indigenous Australians are being let down by financial institutions' failure to provide access to basic banking services and recognise different cultural attitudes towards money, a new report from the First Nations Foundation reveals. Of the 620 ...