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Showing 131 - 140 of 890 results for "Failing"

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... examples of progress outlined in this industry update." APRA deputy chair Margaret Cole was most concerned about trustees failing to track the success of their strategies, especially as this was highlighted as one of the key areas in need of improvement ...

Systematic investing in fixed income: Critical success factors

JAMIE WILLIAMSON  |  MONDAY, 24 JUN 2024
... AllianceBernstein said the performance of some systematic fixed income products has proved lacklustre, with actual returns failing to match back-tested results. However, it identified three frequent failings, which were a tendency to rely on static factors ...

Aussies' financial literacy declines, young people fare the worst

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... couldn't raise $2000 within a week. Additionally, more than half of Australians are reportedly just making ends meet or failing to do so. Ecstra chief executive Caroline Stewart said that despite the efforts of many stakeholders focused on financial ...

Ascot Securities hit with infringement notice for 'serious failures'

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... rules. These breaches included entering a client's orders onto the ASX that it should've suspected were manipulative and failing to report the client's suspicious trading activities to ASIC. "ASIC takes seriously the requirements for market participants ...

Trustee boards fail to challenge unlisted valuations: APRA

JAMIE WILLIAMSON  |  THURSDAY, 20 JUN 2024
... Prudential Standard SPS 530 Investment Governance. This was the case particularly for private equity holdings, with 14 RSEs failing to review their value quarterly. Ten RSEs admitted to not reviewing property assets quarterly, while eight admitted the ...

Equity Trustees hit with fine by APRA

ELIZA BAVIN  |  WEDNESDAY, 5 JUN 2024
The Australian Prudential Regulation Authority (APRA) has fined Equity Trustees Superannuation $782,500 for failing to meet its legal obligations to report data to APRA. EQT breached the requirements of the Financial Sector (Collection of Data) Act ...

Former Life Plan FP adviser cops ban

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
ASIC slapped a three-year ban on a former Life Plan FP financial adviser for failing to act in the best interests of clients and not being able to maintain "high standards". Gawad Nabi, who served as an authorised representative of Hobart-based Life ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... the regulator's new report on exorbitant advice fee deductions is not a criticism of advisers, rather of trustees failing basic obligations, with more still needing to be done by the reviewed funds some 12 months on. Yesterday, ASIC released a report ...

Australian Retirement Trust wraps up AvSuper merger

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
... said. AvSuper started hunting for a merger partner in December 2021, spurred by its default MySuper investment option failing the inaugural Your Future, Your Super performance test in August of that year. "Following discussions with the board, team and ...

ATO flags key focus areas this tax time

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... common mistakes this tax season. Incorrectly claiming work-related expenses, inflation claims for rental properties and failing to include all income when lodging will all be focus areas for the ATO come end of financial year. ATO assistant commissioner ...