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Showing 551 - 560 of 1330 results for "AFFECTED"

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... NULIS and related entities dragged their heels over the plan service fee issue, delaying the process of remediation to affected superannuation members. The fifth round of hearings also saw AustralianSuper chief executive and Industry Super Australia ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
... Regulatory Guide 97. An estimated $2.2 billion in fee increase is a result of such changes, of which $2 billion or 90% affected not-for-profit funds (NFP). Breaking it down by segment, retail funds on average charge lower fees in MySuper products than ...

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
... matter first surfaced. It wasn't until October 2016 that a decision was made to fully remediate members who were affected. It was only during this period that ASIC was notified of the breaches. Hodge highlighted the board's inertia to come to ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... paid for by members than other types of superannuation funds will be a focus area, he said. "We believe [this] must have affected the trustee or a trustee of a superannuation fund within their respective retail group though they may not have necessary ...

Financial abuse: A hidden epidemic

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... helpline received 87,000 calls with 6000 customers using the bank's services to date. It is estimated up to 90% of women affected by domestic and family violence are experiencing financial abuse. The program offers access to independent specialist trauma ...

Chief economist update: The grass is paler on the China side

BENJAMIN ONG  |  THURSDAY, 2 AUG 2018
... tariffs on US$200 billion on imports from China. The latest China manufacturing PMI surveys - which track the sector most affected by the trade stoush - are already showing signs of buckling. China's official manufacturing PMI - which surveys large ...

NAB recruits customer executive

KARREN VERGARA  |  MONDAY, 30 JUL 2018
... better Australia." NAB chief executive Andrew Thorburn recently said the bank will do more for agribusiness customers affected by drought. Customers who fall into arrears and unable to make their loan repayments will not be charged a higher default interest ...

IMF Bentham eyes potential Facebook, Cambridge Analytica goldmine

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JUL 2018
... Australian Information Commissioner is already investigating the matter, though IMF Bentham highlighted that compensation for affected Facebook users may not result if the Commissioner opts to enforce a civil penalty against one or more of the entities ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
... While Select maintains it did not engage in significant breaches or mis-sold products, it has however agreed to remediate affected customers. Orr said Select did not voluntarily disclose its mis-selling of insurance to the Commission and breached the ...

HSBC quietly exits financial advice

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... advice division. The closure follows a strategic review and HSBC Australia did not disclose how many staff members are affected. A HSBC spokesperson said: "We have ceased offering retail financial planning advice as it was a small part of our offering ...