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Showing 261 - 270 of 835 results for "Basic"

Interim report dotted with questions

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... avoid it happening again? "Too often, the answer seems to be greed - the pursuit of short term profit at the expense of basic standards of honesty," he said. Answering what happens now in the financial services industry, Hayne hinted passing more laws ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... matter whether the motive is called 'greed', 'avarice' or 'pursuit of profit', the conduct ignores basic standards of honesty." He said charging for advice that is not provided is equally dishonest as giving advice that does not ...

Royal Commission interim report released

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... the existing law be administered or enforced differently? Is different enforcement what is needed to have entities apply basic standards of fairness and honesty: by obeying the law; not misleading or deceiving; acting fairly; providing services that ...

Aussie fund managers face machine learning challenges

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
... 'learn' independently with data to automate processes and increase efficiency. The data set available for analysis spans basic market and economic data to data from social media sources, satellite imagery, written documents and weather forecasts. Participants ...

Chief economist update: Steady as she goes

BENJAMIN ONG  |  FRIDAY, 14 SEP 2018
Yesterday's European Central Bank's (ECB) Governing Council meeting would have been a big ho-hum were it not for some minor, albeit significant, tweaks in the bank's outlook. As expected, the ECB left interest rates unchanged - the benchmark ...

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
AMP and Commonwealth Bank have responded to Slater and Gordon's announcement of a potential class action which could see the two parties forced to repay more than $500 million that was unfairly deducted from superannuation fund accounts. Launching ...

Finding value in Fairfax

JAMIE WILLIAMSON  |  WEDNESDAY, 15 AUG 2018
There are signs of life in Fairfax yet but the big banks are less promising, according to Auscap Asset Management. Speaking at the Financial Standard Adviser Big Day Out in Wollongong this morning, Auscap head of distribution Lee Hopperton provided ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
The financial advice industry is bracing itself for more proposed changes to approved product lists (APLs), remuneration and terminology following the Productivity Commission's inquiry into the state of competition in Australia's financial system. ...

Super funds suit up for Royal Commission

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... expenses" not publicly available via APRA. Issues in appointing and removing directors may arise, Hooper says, adding the basic equal representation model of members and employers can lead to deadlock in the absence of independent directors. The "heavy ...

Aussie retirees blindsided by cost of living: Schroders

HARRISON WORLEY  |  THURSDAY, 19 JUL 2018
... working Australians estimate they'll need 71% of their final salary for retirement. Additionally, while Australians expect basic living expenses to account for 39% of their retirement income, retired Aussies reported using 58% of their income on basic ...