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Showing 601 - 610 of 927 results for "Failing"

ASIC bans former Westpac adviser

EMMA RAPAPORT  |  THURSDAY, 8 JUN 2017
A former representative of Westpac has been banned from providing financial services for five years following an ASIC investigation. Sudhir Kumar Sinha, a financial planner from Western Australian, was found to have systematically failed to meet his ...

Goals-based strategies valuable for retirees: Research

KARREN VERGARA  |  FRIDAY, 2 JUN 2017
... generating excess replacement income than annuities, an international study shows. Most retirement investment solutions are failing to meet the needs of future retirees, according to a study by French business school EDHEC-Risk Institute. The solutions ...

Australians failing to act on increased retirement cost

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
While the increased cost of essential items over the past decade has led to a rise in the amount required for a comfortable retirement, HSBC believes Australians are unlikely to do anything about ensuring they achieve it. The Association of Superannuation ...

Advice industry must not rest on laurels: Diamantidis

JAMIE WILLIAMSON  |  FRIDAY, 26 MAY 2017
... to relegate financial matters. Caboodle Financial Services' Peita Diamantidis believes the financial advice industry is failing for having only engaged 20% of the population, saying that no other industry would accept such a statistic. "If you think ...

AI to influence consumer trust: Medcraft

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2017
Businesses looking to integrate enhanced technological capability must consider its future impacts, or else risk creating a greater trust deficit in the financial services industry. That was the warning delivered by ASIC chairman Greg Medcraft in his ...

Insurtech here to stay: Research

KARREN VERGARA  |  THURSDAY, 18 MAY 2017
Digital insurance technology companies or 'insurtechs' are failing to exploit opportunities in the industry, a new study found. Joint research conducted by global consulting firm Oliver Wyman and German insurance startup Policen Direkt shows the second ...

Barclays refunds US$97m for overcharging clients

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2017
... SEC said in a statement. In a separate incident, Barclays was fined in March by the Australian corporate watchdog for failing to inform local clients they were exempt from holding an AFSL.

ASIC bans former Avestra directors

ALEX BURKE  |  WEDNESDAY, 17 MAY 2017
... contraventions of the Corporations Act. These included related party transactions being undertaken without member approval, failing to notify members of material changes to investment risk and failing to manage conflicts of interest. Further, Rowles ...

ATO hits back at claims of inadequacy

EMMA RAPAPORT  |  FRIDAY, 5 MAY 2017
The Australia Taxation Office has hit back at claims by the Senate economics committee that its "inadequate" approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance. In a press release issued yesterday ...

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... The committee instead had to rely on Industry Super Australia and Cbus' estimated figure of $3.6 billion in employers failing to pay SG contributions between 2013 and 2014. Thirty-two recommendations were put forth to address the problem, starting with ...