Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 371 - 380 of 921 results for "Failing"

Former Financial Circle director charged

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
... an ASIC investigation. He was charged with three counts of managing a corporation whilst disqualified and one charge of failing to deliver company records in his possession for Wealth & Risk Management, in accordance with directions of the liquidator ...

Pension funds told to practice what they preach

JAMIE WILLIAMSON  |  TUESDAY, 10 NOV 2020
Close to half of all Dutch pension funds are failing to align their portfolios with their sustainable investment policies, according to the latest annual benchmarking report from the Association of Investors for Sustainable Development. The Association ...

ASIC's Chester spills Crennan truth

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
ASIC deputy chair Karen Chester brought to light discrepancies in Daniel Crennan's resignation statement in front of a senate hearing, clarifying the dates that he found out about the issues that led to his resignation. Former deputy chair Crennan said ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
... stand as a deterrent to other AFSL holders, particularly those who are participants in the OTC derivatives market, from failing properly to supervise the conduct of their authorised representatives." AGM, OTM and Ozifin were also ordered to pay refunds ...

Calls for aged care overhaul

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Australia's aged care system is failing and needs to be overhauled, according to the Grattan Institute. Grattan health program director Stephen Duckett said the care and support of older Australians must come before the profits of private providers. ...

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
The prudential regulator has lambasted superannuation funds for not taking underperformance seriously and failing to compare themselves accurately against their peers. APRA deputy chair Helen Rowell said that many superannuation funds are overlooking ...

Financial advice firms facing failure: Dynamic Asset Consulting

ELIZA BAVIN  |  MONDAY, 28 SEP 2020
... portfolios to generate absolute returns in the new economic environment. "Tracking the market with passive index funds and failing to manage the new and increasing risks just won't deliver the results that investors need," he said. "What the wise do ...

Super funds squander member money: Bragg

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... exact figure was. Bragg wants to see better governance in how members' money is spent, pointing to how such conduct is failing the Sole Purpose Test. While Bragg insists that he does not want to upend or abolish the entire system, he would rather ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws. As part of the agreement with AUSTRAC, Westpac has admitted to additional contraventions that were outlined ...

AustralianSuper welcomes Rio Tinto departure

ELIZABETH MCARTHUR  |  MONDAY, 14 SEP 2020
AustralianSuper chief executive Ian Silk was among those to commend the departure of Rio Tinto boss Jean-Sebastien Jacques following the Juukan Gorge scandal. Rio Tinto announced Jacques would be stepping down on September 11, following a review of ...