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Showing 171 - 180 of 475 results for "Discover"

Senior lawyer drags AMP to court

KANIKA SOOD  |  THURSDAY, 24 OCT 2019
A former AMP lawyer is claiming over $2 million from the company for unfair dismissal after she raised concerns about fee-for-no-services practices with its former top executives. Larissa Baker Cook was involved in AMP's legal preparation for the ...

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
A new paper on the consumer impact of Approved Product Lists (APLs) claims institutionally-aligned Australian Financial Services Licensees (AFSLs) are funneling new clients into in-house products, potentially in breach of Best Interest Duty obligations. ...

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... and therefore have an obligation to lift their game or exit the playing field," Rowell said. Rowell added trustees who discover they are underperforming will feel the regulator's newfound heat if the appropriate steps to address their fallbacks aren't ...

Crunch time for boutique funds

KANIKA SOOD  |  MONDAY, 23 SEP 2019
The boutique model has long coaxed successful fund managers out of big asset management firms but the new class of fund managers looking to break out faces a very different landscape. At least eight boutiques have indicated intention to shut shop so ...

Major super funds caught in fraud scandal

ELIZA BAVIN, JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2019
Several of Australia's largest superannuation funds were targeted by an online fraud syndicate which siphoned millions from share-trading and super accounts. A Melbourne woman appeared in court yesterday after allegedly taking part in an online ...

Short-seller targets infant formula importer

ELIZABETH MCARTHUR  |  FRIDAY, 16 AUG 2019
Short-seller Blue Orca is targeting an importer of infant formula from Australia for falsely claiming its products are safe for lactose intolerant babies. Ausnutria, a company that imports infant milk formula from Australia, New Zealand and Europe for ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... America's eyes - not when it was intervening to keep the yuan from depreciating but now that it has allowed market forces to discover the currency's true value. As The Economist explains: "The IMF, which monitors countries' external imbalances ...

Women don't know their worth: Noble Oak

ELIZABETH MCARTHUR  |  MONDAY, 29 JUL 2019
... actually is. Men underestimate theirs by just $97,000. These numbers come after Noble Oak surveyed 1000 Australians to discover how much they think their life insurance is worth in comparison to the amount they may actually need. Generation Z women ...

Genetic tests no barrier to life insurance

ELIZABETH MCARTHUR  |  THURSDAY, 27 JUN 2019
A moratorium on genetic testing in the life insurance industry means that Australians can get up to half a million dollars of life cover without disclosing genetic tests. The Financial Services Council approved a moratorium on genetic tests in life ...

Liquidnet acquires fintech

KANIKA SOOD  |  FRIDAY, 7 JUN 2019
... of Australia, Bank of Japan, US Fed Reserve and European "Prattle is yet another powerful tool for asset managers to discover actionable insight from the enormous amounts of unstructured data that is produced throughout the capital markets," Liquidnet ...