Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1081 - 1090 of 4101 results for "Conduct"

Chief economist update: Europa rides the bull once again

BENJAMIN ONG  |  FRIDAY, 9 APR 2021
... projected three months earlier. Then again, if all else fail and to counteract the risks to growth, "we will continue to conduct net asset purchases under the pandemic emergency purchase programme (PEPP) with a total envelope of â,¬1.850 trillion until ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... Karen Chester said the investigations in late 2018 and 2019 found lenders had disappointingly not changed policies and conduct to stem harms from the design and sale of CCI. "As a result, we've commenced civil proceedings against Westpac," she said. ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
... an investigation by ASIC, CBA admitted to false or misleading representations and engaged in misleading and deceptive conduct over to 12,119 occasions from 1 December 2014 to 31 March 2018. The bank advised customers with certain credit facilities they ...

Sunsuper, QSuper members ask for better climate disclosures

KANIKA SOOD  |  TUESDAY, 6 APR 2021
About 200 members from Sunsuper and QSuper have written to the funds, asking them to disclose holdings in thermal coal, among other climate change risks. The two funds are set to merge this year, creating a $200 billon fund with over 600,000 members. ...

Hostplus wins mandate

KANIKA SOOD  |  TUESDAY, 6 APR 2021
Hostplus has been chosen as successor fund for about $210 million of member assets from AUSfund, as the latter closes its doors after 33 years. AUSfund, which was set up as a fund for unclaimed or dormant superannuation funds, is owned by an Industry ...

ASIC cracks down on binary options

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
ASIC has banned the sale of binary options to retail clients, effective from 3 May 2021. The decision comes after ASIC found that binary options have resulted in significant losses for retail clients. In 2018, ASIC estimated that net losses from retail ...

Vanguard targeted in bond fund scam

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
... Vanguard head of corporate affairs Robin Bowerman. "We are urging anyone considering investing in a new investment to conduct proper due diligence prior to transferring funds, including contacting the asset manager they are looking to invest with directly ...

ASIC drops Caddick charges

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
... last year. The charges included 19 counts of pretending to have a financial services licence and 18 counts of dishonest conduct in relation to financial products or services. Caddick was also charged with not holding an Australian financial services ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
The outcome of the High Court decision on general advice will have an interesting and simplifying effect on the design and distribution obligations coming into effect later this year, according to a lawyer. Speaking at a Financial Services Council (FSC) ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
Despite some delays and hiccups in the roll out of the coronavirus vaccine in Australia, cases of infections are virtually next to nil and life had slowly been returning to pre-pandemic normal. So much so, that in its 'Economic Outlook' March ...