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

Search Results

Showing 581 - 590 of 1588 results for "STOP"

Asia, emerging markets to lead in 2019

DARREN SNYDER  |  FRIDAY, 8 FEB 2019
Asia's debt-to-equity ratio and safer company balance sheets are making a convincing case for DWS to increase its exposure in the region as well as broader emerging markets. Speaking at the Financial Standard Chief Economists Forum in Sydney yesterday ...

Freedom Insurance suspends trading

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... do so. Following a bruising appearance at the Royal Commission, Freedom announced it will overhaul its business model and stop selling life insurance products. It warned shareholders it will likely face a liquidity crisis in 2019. The board of the embattled ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
The financial services Royal Commission has suggested APRA's proposed new powers could be used to address stalled super fund mergers. The Parliament is currently waiting to pass a number of changes to the Superannuation Industry (Supervision) Act (SIS ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
ASIC's enforcement arm must wrangle more muscle but it should be separated from the regulator's day-to-day dealings with its subjects, the Royal Commission final report said. Commissioner Kenneth Hayne said when ASIC identifies misconduct, its starting ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
The business model under fire for much of the Royal Commission has escaped punishment in Kenneth Hayne's final report. In handing over his 76 recommendations to improve the banking and financial services industry in Australia, Hayne avoided calling ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... evidence of misconduct or conduct falling below community expectations." In assessing the recommendations they appear to stop short of systemic reforms suggested by some to address conflicts of interest at the heart of most misconduct, ISA said. However ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... the Act to be amended to include a civil penalty provision in the event of a breach - which is to be enforceable by ASIC. Stop deducting advice fees from MySuper accounts Hayne recommends the cessation of advice fees and other intra-fund advice fees ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... taskforce's previous recommendations. The proposed amendment to the Section 29(3) of the Insurance Contracts Act could stop people from missing out on technicalities. "I think there is quite a lot in there," she said. "Other parts of the [RC] report ...

Commonwealth FP fails to meet EU obligations

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... before the final report from the Royal Commission goes public, Commonwealth Financial Planning has been ordered by ASIC to stop charging ongoing service fees. It is also barred from entering any new ongoing service arrangements with customers. Commonwealth ...

Ponzi scheme fined $1.4bn

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
A Ponzi scheme that allegedly duped 8400 retail investors in the US has been ordered to pay US$1 billion in penalties and disgorgement. Woodbridge Group of Companies LLC and its former owner and chief executive Robert H. Shapiro lured retail investors ...