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Showing 261 - 270 of 842 results for "Basic"

Rice Warner warns against culling value-based advice fees

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... delivering advice, with Rice Warner adding Australia's complex regulatory regime made it difficult to deliver a compliant, basic financial plan for less than $1500. On Thursday, the researcher said Australia's financial advisers and superannuation ...

Labor responds to Royal Commission, sheds light on victims of misconduct

HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
The Labor Party submitted a response to Commissioner Kenneth Hayne's interim report, documenting feedback to the Royal Commission through victims of bank misconduct, including claims banks go out of their way to avoid compensation settlements. In ...

The lucky country for fintechs

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... on one another," the report reads. Overall, the report aims to highlight the potential of fintech in increasing access to basic financial services. The research has helped the Alliance for Financial Inclusion design a roadmap for harnessing the full ...

Digital custody evolutionary, not revolutionary: SIBOS

HARRISON WORLEY  |  THURSDAY, 25 OCT 2018
... on distributed ledger technology (DLT)," he said. "But we need to be aware of the fact the current custody set up is very basic and fundamental, and has been implemented and optimised over many years. To change that in one go is likely to be a challenge ...

Unpaid super penalties too light: ISA

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... superannuation on time. Industry Super Australia deputy chief executive Matt Linden said the revelations suggest there is a basic failure to enforce the law which is likely contributing to the unpaid super problem. "The wholesale waiver of statutory ...

The goals-based opportunity

JAMIE WILLIAMSON  |  FRIDAY, 5 OCT 2018
... executive Jacqui Henderson said. The research shows more than 75% of people fail to achieve their goals, so understanding the basic principles of behavioural science can assist advisers in establishing realistically achievable goals with their clients. ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... findings point to "greed" that's been pursued in return for short-term profits at the expense of consumers and the most basic standards of honesty. Frydenberg told a press conference that too often, financial institutions have focused on selling products ...

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 ...