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Showing 221 - 230 of 891 results for "Failing"

Private market investment impediments not insurmountable: Frontier

ANDREW MCKEAN  |  TUESDAY, 22 NOV 2022
... strategies success is done by comparing an asset class to a benchmark without allowance for risk. "The severe consequences of failing the benchmarking process means superannuation funds will be encouraged to either take on greater risk in these sectors ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... concentration of investment in a single asset class. AFCA advised it received complaints that involved instances of advisers failing to adequately inform consumers of risks and providing poor-quality advice which wasn't appropriate for a client's circumstances ...

Thematic ETP launches lag funds flow

JAMIE WILLIAMSON  |  MONDAY, 7 NOV 2022
... six were in cryptocurrencies. Just last week, Cosmos Asset Management applied to Cboe to delist its crypto ETFs after failing to attract meaningful flows.

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
ANZ has been ordered to pay a $25 million penalty for failing to provide banking customers with promised benefits for about two decades. The Breakfree package was introduced in 2003 and was offered with several ANZ products including home loans, credit ...

Members stick with dud super funds

ANDREW MCKEAN  |  FRIDAY, 21 OCT 2022
... ISA warned that further losses could accrue because of the previous government's stapling reform that can tie members to failing funds unless they act. As previously reported by Financial Standard, YFYS stapling requirements tied around one million members ...

AFSL boss banned by ASIC

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
ASIC imposed banning orders on Quantum Funds Management managing director Peter Gribble for failing to pay $2.5 million in Australian Financial Complaints Authority determinations. Gribble is banned from controlling a financial services business or ...

Regulators to face committee scrutiny

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2022
... businesses and households, skills shortages, concern about competition, uneven performance across superannuation funds, failing neo banks, the rise of social media finfluencers, and corporate greenwashing activities. In the wake of the Optus breach ...

Stop orders placed on property funds

CHLOE WALKER  |  WEDNESDAY, 14 SEP 2022
ASIC has placed interim stop orders on made interim stop orders on two property funds after failings with their target market determinations (TMDs). The two funds were the Australian Residential Property (ARP) Fund and Private Property Trust No.20. ...

ABN AMRO Clearing pays $222k penalty

ANDREW MCKEAN  |  THURSDAY, 8 SEP 2022
... Subsequently, the MDP had reasonable grounds to believe that ABN AMRO contravened subsection 798H(1) of the Corporations Act by failing to comply with Rule 3.4.2(1) of the Rules. The MDP found that ABN AMRO's operations team performed a check for the ...

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
... management," Jones said. "I'm not concerned about that." The consultation paper also touches on the consequences of failing the performance test, asking whether there is evidence to indicate that the notification and website publication requirements ...