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Showing 311 - 320 of 1022 results for "Financial Institutions"

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... he said. "ASIC believes the penalty applied by the court today will act as a deterrent to AMP and other financial institutions to engage in such misconduct. AMP and other financial institutions must act in their clients' best interests." The court ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... laypersons. This has arisen in part due to the prescriptive nature of product disclosure," Rice Warner said. "Financial institutions and superannuation funds have used legalese to respond to their statutory legal requirements and regulators' guidelines." ...

Technology to transform coming decades

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... He argues the uptake of these new technologies will reshape the global economy and disrupt established financial institutions. "There is clear and mounting evidence that AI, blockchain, IoT and big data are the building blocks of our future economy and ...

Banking sector losses continue

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
... value estimated to be around $10.2 billion. Mark Crowe, managing director, Brand Finance Australia, said: "Financial institutions are certainly familiar with being scrutinised closely and with the country's banks feeling the heat following the Royal ...

Westpac appoints new chair

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
... globally. "Over the past 27 years he has been a main board director of five of the world's leading financial institutions, including as executive and non-executive chair, chief executive and executive and non-executive director roles," Maxsted said. ...

What people really think about life commissions

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... important attribute. Those qualities were more important than the adviser's qualifications (70%) or what financial institutions they were tied to (65%). Further, 46% of consumers with life insurance said they were worried about whether their insurance ...

HESTA names chief risk officer

JAMIE WILLIAMSON  |  THURSDAY, 16 JAN 2020
... "In the wake of the Hayne Royal Commission we have seen how critical a strong culture and trust are for financial institutions," she said. "The appointment of Andrew to the executive team recognises the vital importance we place in risk management and ...

ASIC bans former Charter, NAB adviser

KANIKA SOOD  |  WEDNESDAY, 8 JAN 2020
... conduct at the big four banks, AMP and Macquarie. ASIC is looking at the conduct of Australia's biggest financial institutions in areas of credit and retail lending, financial advice, fees for no service, superannuation trustees, insurance, unfair ...

Iress invests in blockchain

ALLY SELBY  |  TUESDAY, 7 JAN 2020
... workflows within the financial services lend themselves to meaningful applications of blockchain technology. "Financial institutions have no shortage of data," Iress chief executive Andrew Walsh said. "Without the right systems and levels of automation ...

Market Forces takes aim at big banks

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... shareholder resolution in July, Market Forces has ramped up its efforts to influence Australia's largest financial institutions. Ahead of National Australia Bank's annual general meeting, the group released a statement saying NAB will face a shareholder ...