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Showing 441 - 450 of 891 results for "Failing"

AMP Super, board slapped with licence conditions

KARREN VERGARA  |  FRIDAY, 14 JUN 2019
... This is the second instance APRA has flexed its new regulatory powers. It imposed licence conditions on IOOF in April for failing to establish a dedicated superannuation trustee function by the 31 March 2019. In response, AMP said it will fully implement ...

Former Beacon adviser banned

KANIKA SOOD  |  FRIDAY, 24 MAY 2019
... Corporations Act 2001 sections 920A(1) and 920B(2). Section 920A gives ASIC the power to ban a person for reasons that include: failing to comply with licensee obligations; cancellation or suspension of person's AFSL; conviction for fraud; or ASIC believing ...

ANZ provides update on wealth sale

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... making a decision about the final transfer of the business. This comes after IOOF breached its APRA licence conditions by failing to establish a dedicated superannuation trustee by the March deadline. ANZ completed the legal separation of the OnePath ...

Super fund divests companies with all-male boards

ELIZABETH MCARTHUR  |  THURSDAY, 9 MAY 2019
... Future Super has sold out of all companies that do not include a single woman on their board, saying they are not only failing to meet community standards, but are likely to deliver underwhelming financial results too. Future Super managing director ...

Lax regulation worsens lost super benefits: ISA

KARREN VERGARA  |  FRIDAY, 3 MAY 2019
Industry Super Australia is calling on major political parties ahead of the upcoming election to fix the Superannuation Guarantee loopholes costing workers $5.94 billion in super entitlements. A new report compiled by ISA citing 2016-17 financial year ...

ATO demands crypto data

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... voluntary compliance amongst those involved with cryptocurrency while also identifying and educating those who may be failing to meet their obligations. The data matching program will provide insight to the ATO that will allow it to develop strategies ...

IOOF breaches APRA licence conditions

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
IOOF has breached one of APRA's licence conditions by failing to establish a dedicated superannuation trustee function by the 31 March 2019 deadline. IOOF was due to meet and comply with licence conditions imposed by APRA on the embattled wealth ...

ASA to vote against AMP remuneration

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... benefit for the new CEO, with the sole vesting condition being continuous employment." The association also slammed AMP for failing to seek shareholder approval for the sale of its life insurance business to Resolution Life last year, which caused concern ...

One third of Australians trust robo-advice

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... have lost their voice and partially forgotten to story-tell and build a narrative of trust - digitally - and are thus failing to re-engage Australians - at a time when more Australians than ever actually need financial advice," Sorman-Nilsson said. In ...

Former Dover, Securitor adviser banned

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
An adviser formerly licenced by Dover Financial Advisers has been banned for failing to provide advice in the best interest of clients. Peter Anthony Chigwidden has been banned for five years following an ASIC investigation. Chigwidden licensed by Dover ...