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Showing 81 - 90 of 368 results for "Mistake"

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
... November 2018 - prompting the Fed pause a few months later, followed by outright rate cuts). To avoid a repeat of the same mistake, there are now whispers that the Fed is considering implementing a policy being termed, average inflation targeting (AIT). ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
ANZ is the latest of the big four to be hit by the banking blues - identifying 3.4 million customers who have been overcharged as the bank swiftly makes good on recommendations from the Hayne Royal Commission. ANZ chief executive Shayne Elliot told ...

Sam Henderson attempts to set record straight

ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
... banning was "probably" appropriate. This is despite telling Sam on the podcast: "It seems like you got strung up for a mistake that had no consequences." Of the friendly tone of the podcast, Henderson told Financial Standard : "I think a lot of people ...

ESG scores may be inflated: Eaton Vance

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
As investors seek to integrate ESG data into their investment processes, they can mistakenly conflate ESG scores in practice with more familiar financial quality metrics, new research from Eaton Vance has revealed. The paper suggests the conflation ...

RI Advice faces ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
... general manager of advice Darren Whereat testified that he did not know why action was not taken sooner and that it was a mistake to have allowed him to continue advising while suspended. When Whereat fronted the commission, RI Advice had not yet completed ...

No room for policy mistakes

BENJAMIN ONG  |  TUESDAY, 22 OCT 2019
In its world economic update for October, the International Monetary Fund said that the global economy is in a synchronised slowdown. Growth for 2019 was downgraded again to 3%, its slowest pace since the global financial crisis. "This is a serious ...

NAB hit with extra billion in remediation

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
National Australia Bank announced an additional $1.18 billion in remediation expenses, mostly relating to financial advice. Combined with previously announced remediation costs, NAB is now facing a total remediation bill of $2.09 billion. The unforeseen ...

ASIC fines Finclear $70,000

KRISTI CHENG, KARREN VERGARA  |  FRIDAY, 9 AUG 2019
... staff, who should have been aware of the restrictions on special crossings for on-market buy-backs. It was an isolated mistake - albeit a significant one in the context of the buy-back, the MDP found, and fell short of demonstrating that Finclear itself ...

Average Aussie $560k richer with advice

ELIZABETH MCARTHUR  |  FRIDAY, 19 JUL 2019
According to the new Value of an Adviser report by Russell Investments, financial advisers deliver value of at least 4.4% or more every year to their clients beyond investment-only advice. Russell's research estimates the average Australian receiving ...

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
... over 3%. APRA wants trustees to refund members any excess fees no matter how small the amount. Super funds should not mistake members making investment changes as a sign of activity, APRA warned. An inactive account means no contributions and/or rollovers ...