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Showing 571 - 580 of 1330 results for "AFFECTED"

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... former Westpac advice customer Jacqueline McDowall broke down while bearing the Royal Commision's first testimony from an affected party. Dead clients were charged fees by Count Financial in three cases identified by the bank in 2015, CBA executive general ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... advisers who failed to provide documented annual reviews to clients between May 2013 and April 2016 from four to eight and affected customers from 691 to 813. NAB disclosed it had identified 68 advisers who gave inappropriate advice between 1 January ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... client's adviser had departed AMP and AMP opted to "ring-fence" those clients. As at 13 February 2018, about 10,685 affected customers have been identified and $1.08 million will be repaid. Customers were also charged ongoing service fees after their ...

CBA advice failures unacceptable: Comyn

DARREN SNYDER  |  FRIDAY, 13 APR 2018
... 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 provide, or failed to locate evidence regarding the provision ...

UK fund managers must improve fairness

DARREN SNYDER  |  FRIDAY, 13 APR 2018
... setting out the results of behavioural research which looked at how different ways of presenting information about charges affected investors' decision-making and their understanding and awareness of charges. FCA executive director of strategy and competition ...

CBA and AUSTRAC agree to mediate

ALEX BURKE  |  FRIDAY, 23 MAR 2018
... separate contraventions, but agreed it did not adhere to all transaction monitoring requirements relating to certain affected accounts. IDMs, which were rolled out in May 2012, have the same functionality as ATMs to automatically count cash deposited ...

Don't fear the inflation reaper: Capital Group

ALEX BURKE  |  THURSDAY, 22 MAR 2018
... bottom-up stockpickers, that kind of experience gives you different perspectives on companies and how their fundamentals are affected by a new inflationary environment," he added. The NPF invests in a global portfolio of companies, but any stock needs ...

Pre-retirees lack confidence about retirement: Qantas Super

KANIKA SOOD  |  THURSDAY, 15 MAR 2018
... More than half of the participants felt external factors like US economy, rising cost of living, and regulation changes affected their ability to save for retirement. "We are among the best retirement systems in the world. Yet that is not reflected in ...

Advisers underprepared for cyber risk high-stakes

DARREN SNYDER  |  WEDNESDAY, 14 MAR 2018
... one cyber security incident - both successful and unsuccessful. "These laws will have a huge impact on the businesses affected. This lack of awareness of the laws most likely translates to an overall lack of preparedness for the changes now in effect ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
... January 2010, outstanding failures to pay FOS determinations have resulted in excess of $14 million dollars not returned to affected consumers. These have had and continue to have significant impacts on people's lives," the submission reads. FOS will ...