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

Search Results

Showing 481 - 490 of 893 results for "Failing"

SSGA strengthens gender equality actions

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... our outreach, and the others that have committed to doing so." The firm added that it voted against 512 companies for failing to take action regarding board gender diversity in the 2017 proxy season. It also voted against 581 companies in the first half ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
... consumers," he said. Secondly, even after identifying an issue and concluding it's in fact a breach, institutions are failing to report it to ASIC within the 10 business days timeframe. The delays here are shorter - 75% were late by one to five days ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... Costello added it was open to the Commissioner to find Rest may have engaged in conduct falling below community standards by failing to communicate with members about key exclusions, such as the prescribed minimum balance exclusion in annual statements. ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... bare, Costello said Rest's admission included informing ASIC of 184 contraventions of the SIS Act since 15 March 2017, for failing to provide reasons for a decision in response to a complaint about the proposed payment of a death benefit. Costello suggested ...

TAL hired private investigator to follow claimant: Royal Commission

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... workers compensation file and employee assistance program. TAL then said the nurse had breached her duty of disclosure by failing to report the six single days taken off for anxiety and stress. It cancelled the policy without any additional communication ...

Freedom sold life insurance to intellectually disabled man: Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 12 SEP 2018
... special offer." Throughout the call the man responds in no more than a few words, taking time to respond and seemingly failing to understand the purpose of the conversation. The sales agent tells the man he can have between $4000 and $15,000 in final ...

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
... Commission, Australia's largest group insurer by market share, AIA acknowledged it engaged in misconduct since 2014 by failing to provide notices to up to 100,000 customers, which meant they may have been unaware their life insurance had been cancelled ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... services that weren't already freely available. ASIC believes MLC Nominees and NULIS contravened the Corporations Act by failing to ensure services were provided efficiently, honestly and fairly when it deducted the $33 million in fees, and made ...

Former MyPlanner adviser fails best interests test

JAMIE WILLIAMSON  |  WEDNESDAY, 5 SEP 2018
The corporate regulator has accepted an enforceable undertaking from a former MyPlanner financial adviser for failing to act in the best interests of his clients. Wollongong-based adviser James Phillip Allen is prohibited from providing financial services ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... executive general manager Linda Elkins blamed the limitation of CBA's systems and lack of operational capacity for failing to meet the Government-mandated 1 January 2014 deadline that default contributions must be paid into MySuper products. CBA ...