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Showing 131 - 140 of 266 results for "Swift"

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... corporate will to take the necessary steps to prevent greedy and unlawful conduct taking place, and a further failure to adopt a swift and proper remedial response". In handing down its judgment, the court said the churning conduct of one adviser in ...

IOOF identifies 67 high risk advisers

ELIZA BAVIN  |  FRIDAY, 10 JAN 2020
... behind the big four banks, IOOF said it believes doing analysis over a six month period would be considered "reasonably swift".

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
ANZ is the latest of the big four to be hit by the banking blues - identifying 3.4 million customers who have been overcharged as the bank swiftly makes good on recommendations from the Hayne Royal Commission. ANZ chief executive Shayne Elliot told ...

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
A new disciplinary system for financial advisers with a central disciplinary body headlines the government's Royal Commission implementation roadmap released today. Revealing how the government will tackle the 76 recommendations made by Commissioner ...

All options open for retirement income review

HARRISON WORLEY  |  FRIDAY, 26 JUL 2019
The government's upcoming retirement income review is open to consider any and all policy options, including the possibility of making contributions voluntary. Speaking to journalists yesterday, Prime Minister Scott Morrison revealed the retirement ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
The Australian Tax Office has released a new explanatory note on death benefit income streams, which a self-managed superannuation fund specialist has labelled as "confusing". The ATO said SMSFs recently raised a number of questions around the interaction ...

State Street cops $125m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
... to the cost of sending secured financial messages through the Society of Worldwide Interbank Financial Telecommunication (SWIFT) network. The SEC said State Street's clients agreed to pay the firm back for out-of-pocket custodial expenses that the ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... for everyone, and advisers recommending SMSFs only for the purpose of borrowing money to purchase property should expect swift action if issues arise. "Financial advisers must not rely solely on client direction when establishing an SMSF. They must adequately ...

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... economic conditions becomes a test on whether optimism (RBA) is sufficient to turn the economy around or more concrete and swift action (RBNZ) is required to stem the slowdown in activity and return inflation back towards target.

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... could look like in about two or three years' time," he said. McKinnon points to a recent trial using the NPP conducted by SWIFT which successfully tested instant cross-border payments involving banks in China, Singapore, Thailand and Australia as an ...