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Showing 11 - 20 of 921 results for "Failing"

AustralianSuper ups admin fees

KARREN VERGARA  |  TUESDAY, 4 AUG 2026
... cyber-attack. The admin fee increase comes after Super Consumers Australia (SCA) called out AustralianSuper and Team Super for failing to answer 90% of calls in a mystery shopper study. Team Super answered just half (52%) of phone calls compared to the ...

Chiodo in ASIC's crosshairs again

KARREN VERGARA  |  TUESDAY, 4 AUG 2026
... ASIC is also currently suing Chiodo, and other former Keystone directors - Ilya Frolov and Mark Yorston - for allegedly failing their duties to safeguard superannuation members from the collapse of the Shield Master Fund. ASIC recently launched new action ...

FAAA calls for rethink on trust tax overhaul

VINNY VUCAGO  |  TUESDAY, 4 AUG 2026
... the reforms could impose significant costs on small businesses, financial advisers and lower income Australians while failing to adequately target tax ministration. In its submission to the Treasury consultation on the proposal, the FAAA outlined several ...

Advice complaints see biggest increase in FY26: AFCA

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
... top issue with a 65% increase on last year, up to 2083. AFCA previously highlighted financial services businesses are failing to provide consistent outcomes due to its fragmented resolution frameworks. AFCA chief customer officer Deborah Jenkins said ...

NSW director disqualified over $7m SMSF scam

RIDDHIMA TALWANI  |  FRIDAY, 31 JUL 2026
... company bank accounts and facilitating transfers to cryptocurrency accounts that allowed dissipation of investor funds, failing to have any oversight of the activities undertaken by the company and personally benefiting to some extent. Justice McElwaine ...

ASIC ramps up action against SMSF auditors

VINNY VUCAGO  |  MONDAY, 27 JUL 2026
... with auditing and assurance standards, inadequate continuing professional development, insufficient practical experience, failing to lodge annual statements and concerns about whether individuals remained fit and proper to hold registration. ASIC commissioner ...

ASIC bans former NextGen Financial Group directors

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
ASIC banned two former NextGen Financial Group directors from working in financial services for three years for failing to comply with Australian Financial Complaints Authority (AFCA) determinations. Nicholas Duncan Jeremy Brookes and Vittorio Vincenzo ...

NAB-owned WealthHub cops $1m ASIC fine

VINNY VUCAGO  |  WEDNESDAY, 15 JUL 2026
... The Markets Disciplinary Panel (MDP) found WealthHub breached its obligations between 28 July 2014 to 31 October 2024 by failing to provide complete and accurate regulatory data and by not maintaining adequate organisational and technical resources to ...

Super funds fail customer service test: SCA

KARREN VERGARA  |  TUESDAY, 14 JUL 2026
... service level, a new investigation from Super Consumers Australia (SCA) reveals, which slapped the industry with an overall failing grade on customer satisfaction. The consumer advocacy body, together with Customer Service Benchmarking Australia (CSBA) ...

ASIC fines Deutsche Bank for 'systemic' reporting failures

KARREN VERGARA  |  MONDAY, 13 JUL 2026
The market regulator penalised Deutsche Bank $2 million for misreporting more than 260,000 over-the-counter (OTC) derivative transactions, saying the fine reflected "deficiencies" in the reporting framework and such failures were "systematic." ASIC ...