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Showing 171 - 180 of 400 results for "Mistake"

Complex operations leaving life customers confused

KARREN VERGARA  |  FRIDAY, 18 AUG 2017
Operational complexities are holding life companies back from improving and modernising the life insurance industry, and leaving customers very confused as to exactly what they are insured for, a public hearing found. TAL group chief executive and managing ...

CBA blames reporting failure on software error

EMMA RAPAPORT  |  MONDAY, 7 AUG 2017
... and have been since September 2015," CBA added. On a broader note, the bank conceded that in any large organisation, "mistake can be made" which can have a "significant impact", and that they are working to be more vigilant in the area of financial crime ...

Douglass makes case for Magellan turnaround

ALEX BURKE  |  WEDNESDAY, 2 AUG 2017
Ahead of the company's annual results next week, Magellan Financial Group chief executive Hamish Douglass explained to investors why the flagship global equity fund has swung back into outperformance after disappointing returns last year. While 2016-17 ...

Property overpowers asset class returns

KARREN VERGARA  |  FRIDAY, 28 JUL 2017
... "While residential property overall has achieved strong positive returns over the last 10 and 20 years, it would be a mistake to blindly rely on the upward trend continuing across the board i.e. for the one or two properties an investor may have exposure ...

Inflation matters

BENJAMIN ONG  |  WEDNESDAY, 26 JUL 2017
... (BOE) MPC external member Gertjan Vlieghe cautioned: "This is an environment where a premature hike would be a bigger mistake than one that turns out to be slightly late." While acknowledging that "inflation is uncomfortably high", Vlieghe thinks that ...

Data dictates immediate BOE action

BENJAMIN ONG  |  WEDNESDAY, 5 JUL 2017
... member - said in his interview with The Independent, "This is an environment where a premature hike would be a bigger mistake than one that turns out to be slightly late." While acknowledging that "inflation is uncomfortably high", Vlieghe thinks that ...

Looming super reforms benefit millions

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
... non-concessional contributions via electronic funds transfer or BPay in the final week of the last financial year. If the same mistake is made this year, these contributions will be weighed against the new reduced non-concessional cap of $300,000 for ...

Fintech success insignificant so far: Fahy

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2017
So far fintech has largely been operating in the 'toy domain', with the industry yet to be disrupted in any meaningful way. Drawing a comparison to the biotech sector, Association of Superannuation Funds of Australia chief executive Martin Fahy said ...

Credit Suisse fined for systems mishap

KARREN VERGARA  |  THURSDAY, 16 MAR 2017
Investment bank Credit Suisse was slapped with a $170,000 fine from the Australian Securities and Investment Commission for failing to have the appropriate price limits in place across its automated order processing (AOP) systems. The watchdog found ...

We have made mistakes: CBA

KARREN VERGARA  |  TUESDAY, 7 MAR 2017
Commonwealth Bank of Australia's chief executive Ian Narev told a parliamentary inquiry this morning the bank made mistakes and still has a lot of work to do. On day two of the major banks review, Narev fronted the House of Representative's Standing ...