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Showing 3151 - 3160 of 6264 results for "DET"

Broaden levy to foreign banks: Big four

KARREN VERGARA  |  MONDAY, 19 JUN 2017
Large foreign banks should also be subjected to the proposed $6.2 billion bank levy, Australia's four major banks told the Senate Standing Committee on Economics reviewing the levy Bill last week. Many multinational banks, while active in the institutional ...

Actor linked to Malaysian pension fund scandal

ALEX BURKE  |  MONDAY, 19 JUN 2017
The US Department of Justice is seeking to recover about $2 billion in assets misappropriated from a Malaysian sovereign wealth fund in a scandal with ties to the Malaysian prime minister's stepson and US actor Leonardo DiCaprio, among other notable ...

Software provider upgrades ahead of super deadline

JAMIE WILLIAMSON  |  MONDAY, 19 JUN 2017
Accounting document software provider MyWorkpapers has released a raft of features ahead of the introduction of new superannuation regulation on 1 July. The cloud-based platform enhanced its SMSF 5.0 feature to meet the incoming legislative requirements ...

Central Banks fail to disappoint

BENJAMIN ONG  |  MONDAY, 19 JUN 2017
Central bank decisions, forward guidance or even a word change in policy statements move markets. Not that anyone has to be reminded about this truism of course. The world's four major central banks - the Fed, the ECB, the BOJ and the BOE - and the ...

UBS cops $280,000 ASIC fine

ALEX BURKE  |  FRIDAY, 16 JUN 2017
UBS Securities paid $280,000 in penalties following two infringement notices issued by ASIC's Markets Disciplinary Panel. The first infringement notice pertained to UBS' PIN crossing system, in which orders are executed based on algorithms reflecting ...

CBA advice compensation reaches $29m

ALEX BURKE  |  THURSDAY, 15 JUN 2017
The amount of compensation offered to Commonwealth Bank financial planning customers has reached $29 million, according to the seventh and final Promontory report into the Open Advice Review Program. Of that amount, $22.9 million has been paid so far ...

Old technology costing advice industry

EMMA RAPAPORT  |  THURSDAY, 15 JUN 2017
The majority financial advice firms are still choosing to rely on Microsoft Excel as their primary source of administrative software despite a range of financial software products coming to market, YTML said. According to the financial technology provider's ...

The changing face of underwriting

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2017
Facial analytics may play a key role in calculating future life insurance premiums thanks to a North Carolina technology firm claiming its platform returns lifespan estimates more accurate than traditional methods. Lapetus Life Event Solutions recently ...

Westpac to review history of new applicants

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
Following yesterday's news of another former Westpac adviser being banned by ASIC, the bank has announced that anybody applying for a permanent role with the Westpac Group will now be subjected to a background check. Designed to identify any past instances ...

Life consumers influenced by premium pricing

KARREN VERGARA  |  FRIDAY, 9 JUN 2017
An overwhelming majority (84%) of Australians purchase life insurance based on the cost of premiums, according to life insurer NobleOak. What's concerning is that more than half of consumers (52%) buy life insurance or income protection cover online ...