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Showing 5451 - 5460 of 14214 results for "Interest"

NAB details serious compliance concerns in RC advice submission

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... also cited, such as misappropriation of funds and advice to invest in a company in which the adviser had a financial interest. Involvement or potential involvement of advisers in inappropriate early release schemes was also disclosed. NAB told the Royal ...

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... receiving advice. In its submissions CBA said that as at 31 December 2017, about $118.5 million in refunds, including interest, had been offered or paid to customers. CBA acknowledged since 1 January 2013, it has made 20 breach notifications to ASIC ...

ASIC lifts licence conditions on CountPlus subsidiary

KANIKA SOOD  |  MONDAY, 16 APR 2018
ASIC has lifted the licence conditions it imposed on a CountPlus subsidiary after it paid $2.5 million in remediation to its clients following a compliance issue in 2015. In September, 2015 ASIC placed additional licence conditions on Total Financial ...

SMSFs investing restrictions unfair: Poll

KARREN VERGARA  |  MONDAY, 16 APR 2018
... 2017, an LBRA outstanding balance will be included in a member's total annual superannuation balance. LRBA principle and interest repayments from a member's accumulation account will also be credited in the member's transfer balance account. In effect ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
The next fortnight will see the Royal Commission grill some of Australia's biggest providers of financial advice, albeit with some noticeable absences. During the Commission's second round of hearings the big four banks and AMP will appear, as will ...

Netwealth sells Pathway

JAMIE WILLIAMSON  |  FRIDAY, 13 APR 2018
... financial advisers with comprehensive compliance coverage including daily oversight, targeted adviser auditing, best interest metrics and automated statement of advice vetting. It also has a comprehensive climate risk analytics platform.

SMSF pool still ripe for financial advice: AMP

KANIKA SOOD  |  FRIDAY, 13 APR 2018
... topping the areas where trustees most sought advice. Fear of regulatory changes is among the factors driving the heightened interest in financial advice. Seventy per cent of SMSF investors said they were concerned by ongoing regulatory reform to superannuation ...

CBA advice failures unacceptable: Comyn

DARREN SNYDER  |  FRIDAY, 13 APR 2018
... community benefit of $3 million as part of the EU. The advice firms' total compensation bill now sits at $88 million plus interest, which is being paid to 31,500 customers affected between July 2007 and June 2015. ASIC found the advice firms failed to ...

Chief economist update: Inflation is heading Fed's way

BENJAMIN ONG  |  FRIDAY, 13 APR 2018
... Governor Philip Lowe explained in his address to the Australia-Israel Chamber of Commerce, it's a scenario "...in which interest rates are increasing is one in which the economy is strengthening and income growth is also picking up." But whether or not ...

Banking veteran retires

KARREN VERGARA  |  THURSDAY, 12 APR 2018
... Hodges will continue to represent the bank on the board of Malaysia's AMMB Holdings Berhad, which ANZ acquired a direct interest of 19.1% in 2007.