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Showing 13131 - 13140 of 28311 results for "NOT"

Unclear disclosure leads to $20 million in refunds

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
Westpac has been forced to refund approximately $20 million in wrongfully charged credit card fees. The bank recently reimbursed around 820,000 customers after it failed to clearly disclose the types of credit card transactions that attract foreign ...

Fears of increased compliance costs misguided

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
... requirements, there's a lot more involved than bolting statement of advice generation on to an online calculator. If compliance is not already baked into the system, there's likely to be up to two years of redevelopment time required to ensure it can ...

Alpha-beta split allows better asset allocation

DARREN SNYDER  |  THURSDAY, 8 SEP 2016
... strategically split its investment portfolio between alpha and beta to better monitor performance and asset allocation. Although not a new concept, First State Super has moved to an alpha and beta split over the last couple of years because it sees it ...

Under reporting of super fees harming investors: ASIC

DARREN SNYDER  |  THURSDAY, 8 SEP 2016
... motivated by the fact that inconsistent and under reporting of superannuation fees is harming investors and as a regulator it will not allow this to continue. ASIC has also revealed it recently knocked back industry requests to extend a 2017 deadline ...

Netwealth enters fintech partnership

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
... "We continue to focus on helping our clients see wealth differently. In addition to providing a huge amount of information not generally available in Australia all the information is graphically rich, easy to interpret and quick to access directly from ...

Morgan Stanley pays $123,750 penalty

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
... client monies was greater than 20% from the prior day In a statement ASIC said: "The compliance with the infringement notice is not an admission of guilt or liability, and Morgan Stanley is not taken to have contravened subsection 798H(1) of the Corporations ...

Hedge fund, PE allocations drive super fees: study

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
... the process. However, investors should be cautious when making investment decisions based solely on fee levels as these are not necessarily indicative of the ability of superannuation funds," Ainsworth said.

Enrolments point to adviser growth

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
... embracing careers in financial advice and uplifting the education level. "The figures speak for themselves... advisers are not waiting to be told to upgrade their education... it shows there is a commitment from advisers... they are willing to upskill ...

What to consider before opting for managed accounts

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2016
... suggested thinking of managed accounts as a business solution. "Most people think that it's a platform or a product - it's just not. It's great for your business, full stop. Another big component for me when implementing managed accounts is ensuring ...

ING DIRECT pays up for "no fees" super marketing

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
... on their cash options would be eligible for ING DIRECT's highest variable savings rate, including any bonus rates. This is not the case as interest rates for Living Super are set independently. In particular, ASIC was concerned that ING Bank promoted ...