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Showing 1071 - 1080 of 2386 results for "Finding"

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... trustees, ASIC warned it take further regulatory action, including considering enforcement options. Another concerning finding was some trustees automatically defaulted members as 'smokers' when transferring them to different sections of the same fund ...

Industry funds launch account matching initiative

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... entire working life, the report said. Between the ages of 18 and 25, members are likely to have two or more accounts. This finding is consistent with the widely held view that young people continually default as they move through various casual jobs ...

Women missing from C-suite lineups

KANIKA SOOD  |  THURSDAY, 6 SEP 2018
Women take up less than one in five positions in the C-suites of financial services companies, even though they account for more than half of the entry-level workforce. According to new research from McKinsey & Co, women are also 24% less likely than ...

No time for complacency: AIST

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
Not-for-profit funds have been vindicated by the Royal Commission's "damning" preliminary findings into the retail super sector but can't afford to be complacent, according to the Australian Institute of Superannuation Trustees. Kicking off ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
APRA will dig its heels into a list of concerns magnified in the Royal Commission into superannuation that mainly involve IOOF, CBA and Suncorp. In response to the preliminary findings concluding the fifth round, APRA said the Commission unearthed new ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
The Financial Services Council said it is "disappointed" ASIC's review into direct insurance has uncovered continuing practices of some life insurers that led to poor consumers outcomes. In response to the report ASIC handed down yesterday, the FSC ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
A comprehensive ASIC review of direct life insurance found sales practices and products that offer little to no value are leading to poor consumer outcomes. The practises of 11 life insurance providers selling direct-to-customers were examined and included ...

AI to transform financial services: Deloitte

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
Artificial intelligence (AI) is set to transform the realities of financial institutions, according to a new research report. According to Deloitte and the World Economic Forum, AI will radically change front and back-office operations, and create major ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... entered enforceable undertakings with ASIC for offering their customers superannuation products right after a general fact-finding questionnaire, which ASIC said the customers may have mistaken as "personal" advice rather than "general advice". ASIC ...

Global equities fund purges tobacco, fossil fuels

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... who want to move away from such investments. Bostic says the challenge with divesting from tobacco and fossil fuels is finding investments that can deliver the same risk-return profile. "Tobacco has historically delivered stable growth and similar downside ...