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Showing 1141 - 1150 of 3173 results for "Rather"

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... their superannuation fund managers to not only safeguard, but grow their super to enable a comfortable retirement sooner rather than later," Rayner said.

Westpac obscured bad adviser reference check

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... like a stockbroker." Orr asked if Smith was providing personal advice, he should have done so with a statement of advice rather than "dressing it up as execution only instructions?" "Yes. Absolutely," Wright said. After reviewing the file, Wright said ...

No view on ending adviser commissions: AMP

ALEX BURKE  |  TUESDAY, 17 APR 2018
... Regan whether AMP had formulated a view on whether it would be appropriate for planners to only charge fees-for-service rather than receive ongoing commissions. Regan responded that he hadn't seen anything that would indicate as such. "But you are the ...

AMP deliberately misled ASIC over ongoing fees

ALEX BURKE  |  TUESDAY, 17 APR 2018
... days. Hodge pointed out that on numerous occasions AMP had communicated to ASIC that this was an "administrative error" rather than a deliberate business policy, and that it had only become aware of the situation after investigating it - even though ...

Banks put revenue above quality advice: FSU

ALEX BURKE  |  MONDAY, 16 APR 2018
... banks prioritised charging high fees and short-term profits over ethical behaviour, the FSU said: "Concentrating on revenue rather than acting in the best interest of customers has been the cause of much of the misconduct within banking over recent years." ...

Social media singles out ASIC in Royal Commission coverage

ALEX BURKE  |  MONDAY, 16 APR 2018
... reforming the advice industry. It would have made more sense to have had a Royal Commission into the financial regulators rather than the banks. We all know banks systemically engage in illegal misconduct, but what most don't know is that most of it ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... provided over the weekend, ANZ acknowledged the failures actually involved eight authorised representatives, periodic reviews rather than annual reviews, and 813 rather than 691 customers," Orr said. In its submissions, ANZ acknowledged at least 56 separate ...

ASIC fees to more than double

JAMIE WILLIAMSON  |  THURSDAY, 12 APR 2018
... actual costs. "Industry funding ensures that the costs of regulation are borne by those that have created the need for it, rather than the Australian public. These proposed amendments allow ASIC to better align its fees, by enabling ASIC to charge a ...

Chief economist update: Let's talk about oil baby

BENJAMIN ONG  |  WEDNESDAY, 11 APR 2018
... [before the issuance of Aramco's IPO]". This, along with Saudi Energy Minister Khalid al-Falih's statement that OPEC would rather have a tighter oil market than end the supply cuts prematurely extended the increase in oil prices. The price of crude oil ...

Glaucus defends Blue Sky allegations

ALEX BURKE  |  FRIDAY, 6 APR 2018
... preserve relevant documents and communications while Blue Sky considers future legal options. Now, Glaucus has said that "Rather than address our report on its merits, Blue Sky has doubled down on obfuscating simple details about its business." "Instead ...