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

Search Results

Showing 541 - 550 of 893 results for "Failing"

Older Aussies failing to account for longevity risk

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2018
Only half of Australia's over-50s have made financial plans in anticipation of living longer, according to National Seniors Australia. A new report shows while 85% of over-50s surveyed are aware their life expectancy at age 65 has increased by about ...

ASIC ramps up surveillance and remediation after adviser conflict report

KARREN VERGARA  |  THURSDAY, 25 JAN 2018
ASIC is ramping up its surveillance and remediation processes to help curb further adviser conflicts of interest within vertically integrated institutions. In light of the Report 562 findings, which examined adviser conflicts of interest across bank-owned ...

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
Financial advisers employed by Australia's five largest vertically integrated institutions failed to act in the best interests of clients 75% of the time, favouring their own products and leaving clients ''significantly worse off" in 10% of cases. These ...

Infrastructure investment needs rethink

DARREN SNYDER  |  WEDNESDAY, 24 JAN 2018
... changing needs. Thirty-nine percent cited a lack of public funding as one of the key reasons why civil infrastructure is failing to keep pace with society's needs. Ninety percent of respondents believed innovative funding models are effective at bridging ...

ASIC puts corner-cutting advisers on notice

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
ASIC is warning financial advice dealer groups about the consequences of failing to correctly witness binding death nominations for superannuation benefits. The regulator said many nominations are at risk of being rejected by trustees as it has become ...

ASIC cancels AFSL, accepts EU

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
... ASIC's concerns were that Breakaway did not sufficiently tailor several key policies and procedures to its operations, thus failing to ensure compliance with relevant laws; did not effectively deal with conflicts of interest; and did not properly implement ...

MyPlanner enters ASIC radar

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2017
... MyPlanner has negotiated additional conditions on its AFSL after it was found to be providing poor financial advice and failing to adequately supervise its representatives. ASIC surveillance found there were MyPlanner advisers who did not make adequate ...

Queensland adviser enters ASIC enforceable undertaking

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2017
... to switch insurance arrangements and superannuation funds without adequately demonstrating why this was suitable; and failing to conduct reasonable investigations into clients' objectives for insurance requirements and products. He was also found to ...

Planners divided on mental health advice

JAMIE WILLIAMSON  |  MONDAY, 13 NOV 2017
... health and lifestyle is integral to providing effective financial advice. Any adviser who is not doing this is absolutely failing their clients, in my opinion." Health & Finance Integrated chief executive William Johns shares a different view. A 2016 ...

BEAR has 'teeth': Treasurer

KARREN VERGARA  |  MONDAY, 30 OCT 2017
... financial crisis, which was lacking in the legislative framework. Plugging this gap will enable APRA to step in or take over a failing bank or insurer with a crisis management toolkit, proving "invaluable" in bringing orderly resolution to stressed companies ...