Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 261 - 270 of 891 results for "Failing"

Link agrees to $3bn takeover

KARREN VERGARA  |  THURSDAY, 23 DEC 2021
... taking into account 520,413,720 shares on issue. This puts Link's other suitor, The Carlyle Group, out of the race by failing to provide a binding offer after completing five weeks of due diligence. Carlyle offered $3 per share in cash and a pro ...

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... that firms must do the right thing by their investors, irrespective of whether they are wholesale or retail investors. "Failing to accurately advertise financial products can result in significant penalties for firms," she said. The significant penalty ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... most being the same products that failed the performance test. The regulator has also shared which funds came close to failing the test. Released yesterday, the heatmap shows it is largely those funds that failed the inaugural performance test earlier ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
Several superannuation funds that flunked the inaugural Your Future, Your Super test, are also failing Choice members, the latest APRA heatmaps reveal. The prudential regulator slapped retail and industry superannuation funds alike with the lowest grade ...

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... still some of the biggest news of the year. In all, APRA tested 76 MySuper products, of which 13 failed. The full list of failing funds was: AMG MySuper, ASGARD Employee MySuper, Australian Catholic Superannuation and Retirement Fund's LifeTime One ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
The big four bank is being sued by the regulator for failing to provide some of the benefits promised to customers who hold offset transaction accounts or 'Breakfree' packages in conduct dating back more than two decades. In what is the last ...

Government fails to prioritise $450 threshold

ELIZABETH MCARTHUR  |  FRIDAY, 3 DEC 2021
... also had to access their super early during the pandemic." Industry group Women in Super also criticised parliament for failing to vote on the legislation. The group said it was in dismay that the legislation was "abandoned" by the Morrison government. ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... between November 2015 to June 2020, ANZ breached its general conduct obligations as an Australian Credit Licence holder by failing to take reasonable steps to ensure its representatives did not conduct business with unlicensed third parties and thereby ...

Are managed accounts living up to the hype?

ELIZABETH MCARTHUR  |  THURSDAY, 25 NOV 2021
... governance, and that maturity is evident in the compliance benefit," Mather added. Bevan said managed accounts were currently failing to deliver on transparency, Mather and Younger disagreed. "I think there are elements of the managed accounts space ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... Trading platform Stake - which has a DIY super offering - has called out some of the largest super funds, saying they are failing to roll over members to its SMSF offering in the required three days. Since October 1, APRA regulated super funds have been ...