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Showing 41 - 50 of 890 results for "Failing"

ASIC cracks down on adviser CPD failures

ELIZA BAVIN  |  FRIDAY, 7 NOV 2025
Five financial advisers have been brought before the Financial Services and Credit Panel (FSCP) for failing to comply with their continuing professional development (CPD) requirements, ASIC said. The financial regulator convened multiple sitting panels ...

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
... Newcastle, is not adequately trained or competent to perform functions in, or control, a financial services business after failing to adequately address fees for no service misconduct by Lighthouse Partners, one of its representatives. ASIC cancelled ...

Canadian pension giant sued over alleged climate failures

JAMIE WILLIAMSON  |  TUESDAY, 28 OCT 2025
... are suing the Canada Pension Plan Investment Board, claiming the fund breached its duty to invest in their interests by failing to protect their retirement savings from climate risk. The plaintiffs, Aliya Hirji, Travis Olson, Rav Singh, and Chloe Tse ...

Actuaries Institute makes proposal to close advice gap

ELIZA BAVIN  |  TUESDAY, 28 OCT 2025
... broader framework is needed than what currently exists. "Current regulation tends to treat all advice as equally complex, failing to distinguish between simple guidance and comprehensive planning," the paper said. "Many consumers require support varying ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
At any given opportunity, policymakers and industry leaders love to boast about Australia's 'world-class' $4.3 trillion superannuation system. While investments and performance have been impressive and the system has taken the pressure off the government ...

ASIC issues interim stop orders to TruePillars

RIDDHIMA TALWANI  |  TUESDAY, 21 OCT 2025
... concerned that the TruePillars PDSs may be omitting investment information, not adequately disclosing conflicts of interest, failing to adequately disclose risks associated with investments as well as the fees and costs, and contain misleading statements ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
The retirement savings of thousands of Australians have been lost in the First Guardian and Shield failures and, while investigations are ongoing, the blame for their collapse and the misconduct that led to it is being passed around like a football ...

ASIC exposes holes in managed funds' offshoring cyber controls

KARREN VERGARA  |  MONDAY, 13 OCT 2025
... representative declined to deal with the employee after asking where she was physically located. Addressing REs, ASIC warned that "failing to adequately supervise outsourced functions could result in the RE failing to meet its legal obligations and cause ...

ASIC slams licensees' lax offshoring governance

KARREN VERGARA  |  FRIDAY, 10 OCT 2025
... requirements for offshore staff. None of the licensees undertook regular audits of their representatives' use of OSPs. "Failing to adequately supervise outsourced functions could result in the licensee failing to meet its legal obligations and cause ...

ASIC bans another former Lighthouse Partners director

ANGELIQUE MINAS  |  THURSDAY, 9 OCT 2025
... service. Former Crown Wealth Group director and head of compliance Andrew Moore was subsequently banned for three years for failing to recognise the seriousness of fees for no service conduct, committed by Roper. ASIC said between January 2022 and October ...