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Showing 1361 - 1370 of 3031 results for "February 2016"

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
The Royal Commission cast serious doubts over the ability of APRA and ASIC to effectively regulate the superannuation industry, questioning their purpose in safeguarding retirement savings and the stability of the financial system. In his fifth round ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
ASIC's favourite method of tackling misconduct came under fire as the Royal Commission capped off its round of superannuation hearings on Friday. First up was Tim Mullaly, a senior executive leader in ASIC's financial services enforcement division. ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
The Royal Commission heard Australia's prudential regulator has banned one person for not being fit and proper since 2008 - after the law changed requiring APRA take the matter to court. Under examination from counsel assisting Michael Hodge, APRA deputy ...

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
Colonial First State admitted to falling below community standards when it crafted poor communication to super fund members to dissuade them from moving to a cheaper default option. One financial adviser was banned in the process, the Royal Commission ...

Frequent traders re-evaluate broking landscape

DARREN SNYDER  |  THURSDAY, 16 AUG 2018
Online brokers are being presented with a new business case to capture the most frequent traders - a group which has spiked in its considerations about switching broking platforms. Research firm Investment Trends said 9% of traders which transact more ...

ASIC issues permanent ban for theft

JAMIE WILLIAMSON  |  THURSDAY, 9 AUG 2018
An insurance broker who stole from clients has been permanently banned from providing financial services. Brody Glenn Jarman of Yarrawonga, Victoria, was struck off by ASIC after an investigation found he had misappropriated $3,133.36 in client funds. ...

Chief economist update: The grass is paler on the China side

BENJAMIN ONG  |  THURSDAY, 2 AUG 2018
Just as expected, the Fed's 31 July-1 August meeting was a non-event - keeping the fed funds rate unchanged at 1.75%-20% - but it did give the US central bank a platform to gloat about the US economy. "Information received since the Federal Open ...

Chief economist update: At the core-core of it

BENJAMIN ONG  |  TUESDAY, 31 JUL 2018
Financial markets could have a brand new worry (or not) depending on the outcome of the Bank of Japan's (BOJ) monetary policy meeting that's due to conclude this day. The 30-31 July meeting is particularly significant given last week's flare-up ...

MLC refunds $67m in advice fees

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
MLC will cease deducting general financial advice fees from its MasterKey Personal Super products after admitting it did not clearly communicate to members they could opt out of the service. About 305,000 MasterKey Personal Super (MKPS) members will ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
Some would call it karma, for many it's just the plain and simple truism that a trade war is a lose-lose proposition. In his quest to "make America great again" and under the guise of "national security", US President Donald Trump kicked off with ...