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Showing 351 - 360 of 4124 results for "Conduct"

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... of ASIC's case. ASIC said it will consider this decision. Despite that, ASIC said it will seek penalties for misleading conduct. The matter will return to Court for case management on 8 November 2024. HCF Life replaced the 'pre-existing condition' term ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... she told the annual AFCA Forum last week. AFCA typically uses Regulatory Guide 175 Licensing: Financial product advisers-Conduct and disclosure to assess cases. Merely disclosing the conflict is insufficient. "You really need to look at how that related-party ...

CBA's conviction on December rate cut has 'dipped'

ELIZA BAVIN  |  FRIDAY, 18 OCT 2024
Commonwealth Bank (CBA) head of Australian economics Gareth Aird conceded the stronger than expected unemployment data released yesterday does not strengthen the case for the Reserve Bank of Australia (RBA) to start cutting interest rates. Additionally ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
Vanguard Investments Australia managing director Daniel Shrimski believes Australians would be shocked to learn how much is being drained from their retirement savings through super fund fees. New research commissioned by Vanguard, conducted by CT Group ...

Insignia Financial to trial four-day work week

JAMIE WILLIAMSON  |  FRIDAY, 11 OCT 2024
Insignia Financial is set to pilot a four-day work week, a win for employees in recent Enterprise Agreement (EA) negotiations. The Finance Sector Union (FSU) and Insignia Financial have capped months of bargaining, with 68% of employees voting in favour ...

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... was a concern about the effect on members' retirement savings. "I will make it clear that I am very concerned that this conduct is serious. It is serious, not just for the consequences for members, but, to me, there is a pattern emerging in some of these ...

ASIC bans adviser who misled TPB

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
... manage his own financial tax affairs," ASIC said. Hazell also failed to reasonably engage with a professional body when conduct concerns were identified, the regulator added. ASIC determined that Hazell is likely to contravene his obligations as an adviser ...

Charges dropped against Macquarie adviser

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... fraud. ASIC permanently banned Acworth from working in financial services in 2020 after finding he engaged in "misleading conduct relating to a financial product" during the time he was employed at Macquarie between December 2015 and May 2018. ASIC found ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... invest it in highly speculative schemes tied to Hewish. Hewish's 10-year ban stemmed from his involvement in this conduct and his "fundamental lack of competence" and "cavalier attitude" towards his managerial responsibilities and legal compliance ...

ASIC crackdown: Action taken against 13 SMSF auditors

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2024
... auditors are crucial to upholding the integrity and confidence in the SMSF regime. ASIC will continue to take action where conduct is not up to standard." In the first half of 2024, ASIC said it disqualified eight SMSF auditors. All eight SMSF auditors ...