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Showing 1351 - 1360 of 3264 results for "January 25"

Former Macquarie advisers banned

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
Two former Macquarie financial advisers received ASIC bans for dishonest conduct, including deliberate attempts to mislead the institution's compliance team. Mark Alexander Landau and Marcus Roderick Campbell have both been banned from providing financial ...

AMP defaulted members as smokers: Royal Commission

KARREN VERGARA  |  MONDAY, 17 SEP 2018
An AMP non-smoking superannuation fund member was charged excessive premiums of up to $72,000 after he was unknowingly defaulted as a smoker, the Royal Commission heard this morning. AMP group executive wealth solutions and chief customer officer Paul ...

Chief economist update: China shares inclusion in MSCI is a blessing and a curse

BENJAMIN ONG  |  MONDAY, 17 SEP 2018
Three months and a few days ago, the inclusion of China's A-shares into MSCI indexes got investors all excited. 1 June 2018 marked the day when Morgan Stanley Capital Index (MSCI) included Chinese A-shares into its benchmark MSCI Emerging Markets ...

Pension funds feel the heat on climate change

JAMIE WILLIAMSON  |  THURSDAY, 13 SEP 2018
A study of the world's 100 largest public pension funds has found more than 60% have little or no climate change strategy. This includes a number of Australian superannuation funds. A new report from the Asset Owners Disclosure Project shows 63% ...

New accounting standards put pressure on life insurers

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
Australian life insurers are unprepared for two new major accounting standards that will shake up the way profit is reported, a KPMG survey shows. The global survey of 160 life and health insurers, and reinsurers included Australian companies. It gauged ...

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
CommInsure admitted it misled the Financial Ombudsman Service that was helping resolve a claimant's dispute by deliberately withholding medical information and delaying the process, the Royal Commission heard yesterday afternoon. Counsel assisting ...

BTFG faces possible union action

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
The Finance Sector Union is planning urgent workplace meetings and teleconferences with BT Financial Advice employees impacted by a planned restructure of BT Financial Group's advice offering. Last week BT Financial Group told Financial Standard ...

CBA appoints board director

KANIKA SOOD  |  WEDNESDAY, 12 SEP 2018
Commonwealth Bank of Australia has appointed a former BlueScope Steel chief executive as it continues to renew its board. Paul O'Malley will be an independent non-executive director on CBA's board, starting 1 January 2019. Retiring director Brian Long ...

SMSF cash allocation dips

KARREN VERGARA  |  WEDNESDAY, 12 SEP 2018
Self-managed superannuation funds are increasingly shifting away from cash to Australian equities, latest SuperConcepts figures show. Cash and short-term deposits dropped from 19.8% to 17.3% in the 12 months to June 2018, according to SuperConcepts' ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
The sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times. The figure has ballooned from the 278,664 originally reported to the Commission, according ...