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

Search Results

Showing 481 - 490 of 2995 results for "Problem"

Super funds need to get on board with crypto: Carnegie

ELIZABETH MCARTHUR  |  MONDAY, 12 APR 2021
Ahead of the launch of his new digital assets fund, investment banker Mark Carnegie has warned that Australian super funds need to get on board with cryptocurrencies. Carnegie is launching the MHC Digital Asset Fund, in partnership with blockchain expert ...

Chief economist update: No fear

BENJAMIN ONG  |  MONDAY, 12 APR 2021
The coronavirus optimism that prevailed over the dying weeks of 2020 and into the first quarter of this year has been replaced by concerns over the resurgence in infections - in Europe, India, Japan, South Korea and lately, the US, among others - caused ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... must be protected from being stapled to underperforming funds. He is not confident that the bill is able to do so. The problem with the model is that it operates in the reverse way that the Productivity Commission envisaged, he said. The Productivity ...

"Financial" in BFID is no big deal: Academic

KANIKA SOOD  |  WEDNESDAY, 7 APR 2021
... legislation. "Without seeing the regulation, I would be surprised if that was an outcome that was possible. This is the problem that we haven't seen the regulation and the way they will be framed," he said. Donald worked in funds management research ...

ASIC sues CBA over monthly fees

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
The corporate regulator has commenced civil proceedings against Commonwealth Bank over allegations it wrongly charged monthly fees to customers over a nine-year period. ASIC alleges CBA incorrectly charged $55 million in monthly access fees to nearly ...

Why advisers don't recommend annuities

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
New research from University of Melbourne researchers has identified two reasons why financial advisers don't recommend annuities to their clients. Orford Initiative's latest findings found advisers play a key role in recommending annuities, but face ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... into Mayfair products through licensees that are AFCA members. But he acknowledged there is still an access to justice problem for consumers - one that can probably only be solved by the compensation scheme of last resort coming into effect. "AFCA should ...

Synchron demands clarity from insurers

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... clients. According to Trapnell, the way insurers respond to this new regime might even impact Australia's underinsurance problem. "One of the big worries here is if we have tougher reinstatement, or additional underwriting, more policies will lapse ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
A review of Australian Financial Complaints Authority (AFCA) complaints data shows over 31,000 complaints have been made in the wake of the Royal Commission, according to CHOICE. Complaints around credit products revealed many customers have still been ...

Mawhinney not dishonest, just irresponsible: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
The corporate regulator has slightly softened its accusations against Mayfair 101 founder James Mawhinney - saying he wasn't consciously dishonest, just irresponsible. During a hearing in ASIC's case against M101 Nominees held on March 9, a lawyer for ...