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Showing 1121 - 1130 of 2384 results for "Finding"

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
The Federal Government has agreed to strengthen some of ASIC's powers but has deferred acting on recommendations to tighten self-reporting and industry codes as it waits for the dust to settle on Royal Commission findings. In its response to the Senate ...

Fees for no service an old issue: AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
Responding to Royal Commission findings, AMP says its fees for no service issue is old news; preparation of a Clayton Utz report into the issue has been overstated; and its misleading representations to ASIC have also been overstated. The 28-page response ...

S&P to remove ASX healthcare firm from index

ALEX BURKE  |  FRIDAY, 4 MAY 2018
... contesting the [notice]." "The issue of the infringement notice, and the company's compliance with it, does not comprise a finding that the company breached its disclosure obligations, nor is it an admission of liability by the company with respect to ...

Retirement spending declines faster than believed: Research

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
... pre-retirement income and suggests a more nuanced approach," Milliman financial risk management consultant Jeff Gebler said. The finding has dual implications. First, many Australian retirees are holding money back for future years when they will never ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
APRA has accepted an Enforceable Undertaking from Commonwealth Bank, having determined the bank's operational risk management framework "worked better on paper than in practice." Releasing the final report of its prudential inquiry into CBA, the regulator ...

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
Testimony provided to the Royal Commission by key financial advice associations and the corporate regulator raised concerns as to the organisations' efficacy in identifying and penalising misconduct. In closing the Royal Commission's inquiry into financial ...

Women less prepared for retirement: BTFG

HARRISON WORLEY  |  MONDAY, 30 APR 2018
Latest BT Financial Group research highlights less than one-fifth of women feel satisfied they are on track in preparing for their financial future. Additionally the BTFG research highlights 51% of women believe they won't have enough superannuation ...

Nick Bolton back on ASIC radar

ALEX BURKE  |  MONDAY, 30 APR 2018
The former head of Keybridge Capital, whom ASIC banned from running a company in 2015, is being investigated by the regulator for allegedly acting as a "shadow director" of the company. Nick Bolton was previously Keybridge's managing director. He shot ...

First Super to vote against AMP board

ALEX BURKE  |  FRIDAY, 27 APR 2018
Following a recommendation from the Australian Council of Superannuation Investors (ACSI), triggered by findings from the Royal Commission, First Super said it would vote against the re-election of AMP's board at the upcoming annual general meeting. ...

Advisers react to Royal Commission revelations

JAMIE WILLIAMSON, KARREN VERGARA  |  FRIDAY, 27 APR 2018
Financial advisers are struggling to comprehend the level of misconduct revealed by the past fortnight's Royal Commission hearings. Will the non-aligned advice space be strengthened by the findings? Or will the vertically integrated model withstand ...