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Showing 591 - 600 of 927 results for "Failing"

Uniformity required to combat cyber threats

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2017
... many financial institutions lack management recognition or understanding of the importance of cyber security, thereby failing to adopt a co-ordinated approach across varied business functions. Deloitte Asia-Pacific cyber risk leader James Nunn-Price ...

ANZ foots compensation bill

KARREN VERGARA  |  FRIDAY, 11 AUG 2017
... required refunds and compensation of $4.5 million, and remediation of $49 million. Some of the breaches include OnePath failing to disclose documentation for some insurance products; insufficiently supervising some outsourced functions (including third-party ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
... should send a clear message to all reporting entities about the importance of meeting their legislative obligations. "By failing to have sound AML/CTF systems and controls in place, businesses are at risk of being misused for criminal purposes," Clark ...

Douglass makes case for Magellan turnaround

ALEX BURKE  |  WEDNESDAY, 2 AUG 2017
... roughly equal to the underlying earnings growth of all companies in the index, plus dividends, minus negative returns from failing companies and manager fees. Therefore, he continued, in order for such a fund to earn "reliable absolute returns," the ...

Advice business offers enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... process as 'deficient'. In the EU documents the regulator said FIA had failed to comply with financial services law by failing to take reasonable steps to ensure its representatives comply with financial services law; failed to take reasonable steps ...

Industry super fund grows ESG team

KARREN VERGARA  |  TUESDAY, 1 AUG 2017
... about $8.8 billion in funds under management, is due to release a joint study showing how the superannuation system is failing young workers in the age of the gig economy. Together with the John Curtin Research Centre, the report will outline measures ...

Retirement income innovation severely lacking

EMMA RAPAPORT  |  TUESDAY, 25 JUL 2017
Producers of retirement-oriented investment solutions are failing to equip advisers with the means required to effectively manage the risks they face when trying to achieve client objectives, according to PIMCO. Analysis by a PIMCO-Allianz Australian ...

Tech providers fall behind increased planner needs

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2017
... More than 70% of financial planners are open to transition from their primary platform, saying technology providers are failing to adequately fulfill growing needs. Insights from the Investment Trends Planner Technology Report show 75% of financial planners ...

Disengaged members vulnerable in super

EMMA RAPAPORT  |  MONDAY, 3 JUL 2017
... disengaged or less-engaged members were being taken advantage of. Most notably, ASIC expressed concern that some trustees were failing to provide adequate disclosure where members' insurance coverage had ceased or changed "without adequate forewarning" ...

Fintechs must collaborate, not disrupt: Report

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
Fintechs are failing to prove themselves and disrupt the financial services industry, and should instead seek to collaborate with the larger players, a new study shows. The joint report from consulting and technology company Capgemini and the University ...