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Showing 291 - 300 of 558 results for "Investigate"

Small advice firms face big data breach penalties

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2018
... are particularly vulnerable to sophisticated cyber criminals as they often lack the time and resources to properly investigate and understand this very real threat, Carnell said. "With the new laws commencing in around three weeks, I suggest small business ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
CBA is set to compensate a further $1.9 million to customers affected by five former "high-risk" financial advisers, according to ASIC. CBA will review the five former representatives' advice, licenced under subsidiaries Commonwealth Financial Planning ...

AFA to launch investigation into adviser misconduct

JAMIE WILLIAMSON  |  FRIDAY, 22 DEC 2017
The Association of Financial Advisers has confirmed it will launch its own investigation into why three of its members entered into enforceable undertakings with ASIC in as many days. While AFA chief executive Phil Kewin said he would not discuss the ...

Super and insurance inquiry necessary: Poll

KARREN VERGARA  |  MONDAY, 11 DEC 2017
... insurance in the Royal Commission is warranted, while about one-third don't support the Federal Government's move to investigate the nature, extent and effect of misconduct in the wider financial services sector. Only 6% of respondents are unsure what ...

Former CBA-aligned adviser banned for three years

ALEX BURKE  |  FRIDAY, 1 DEC 2017
An adviser formerly working under CBA-owned licensee Financial Wisdom has been banned for three years by ASIC. ASIC said the decision came about because Julie Hamilton failed to act in her clients' best interests; the regulator investigated her activity ...

Government caves to banking Royal Commission

KARREN VERGARA  |  THURSDAY, 30 NOV 2017
... a royal commission into the alleged misconduct of banks, insurers and superannuation funds. The inquiry will also investigate the regulators' ability to identify and address misconduct, but will not investigate the financial stability or the resilience ...

Lapse rates review anxiety unfounded: ASIC

KARREN VERGARA  |  MONDAY, 27 NOV 2017
... 16 life insurers, the lack of common definitions across the industry is making it difficult for the regulators to investigate claims payout ratios and is setting back attempts to standardise definitions.

Life insurer definitions clashing: Regulators

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
The lack of common definitions among life insurers is making it difficult for regulators to investigate claims payout ratios and is setting back attempts to standardise definitions across the industry. The joint project between APRA and ASIC, which ...

Super consultant appoints new head

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2017
... challenges and ensure institutions have the resources and capabilities to respond effectively," Quinn said. QMV's Investigate product - an automated data quality management solution used to validate data for millions of accounts - manages data for more ...

BEAR cracks down on executive pay

KARREN VERGARA  |  MONDAY, 25 SEP 2017
... variable remuneration, whichever is less) for up to four years. The bill also proposes APRA to have greater powers to investigate and disqualify senior executives; it may seek civil penalties of up to one million penalty units if an ADI breaches its ...