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Showing 6261 - 6270 of 28263 results for "NOT"

Former AMP adviser in enforceable undertaking

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... because the law requires that financial advisers act in their clients' best interests. Those providing financial services must not prioritise their own interests or simply implement client instructions," ASIC commissioner Danielle Press said. "Individuals ...

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... provide statements of advice. ASIC also cancelled Australian Dealer Group's licence, finding that its business model was "not designed to comply with its obligation to act efficiently, honestly or fairly" in providing financial services. Bhandari was ...

Chief economist update: Japan to double down on stimulus?

BENJAMIN ONG  |  MONDAY, 15 MAR 2021
... 2020; 8.3% in June 2020 (the sharpest decline on record) but its current recovery is far from being sustainable and, at best, not strong enough to turn deflation into inflation. Japan's headline and core inflation rates stood at negative 0.6% in ...

Turnbull calls out Wilson, Bragg

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... to pull money from super to enter the housing market is ridiculous. "The proposition that super contributions should either not be increased or should be able to be accessed to be put into the housing market is surely one of the craziest ideas I've ...

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... remuneration... sums of money were relatively small, payments would or would probably have occurred by way of dividends if there was not an agreement", and that the concepts of CBA staff encouraging customers to consider Essential Super and of written ...

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... its remediation under the CEU to APRA's satisfaction. APRA deputy chair John Lonsdale said: "Although the investigation has not found evidence of breaches of the Banking Act or the BEAR, APRA remains determined to ensure Westpac rectifies its risk governance ...

Dodgy SMSF operator loses appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
... returns over nine years which declared that self-managed superannuation funds (SMSFs) had been audited when in fact they had not. Following a referral from the ATO over SMSF auditor number misuse, the TPB found that Cross and his partner had failed to ...

REITs extend performance struggles

KARREN VERGARA  |  FRIDAY, 12 MAR 2021
... industrial properties," Rainmaker said. "It goes to show that investing in property requires an additional level of due diligence not as necessary as it is in some other asset sectors." Fidelity's Global Emerging Markets Fund was the best performer ...

Mawhinney not dishonest, just irresponsible: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
... just irresponsible. During a hearing in ASIC's case against M101 Nominees held on March 9, a lawyer for ASIC said: "We do not allege conscious dishonesty by Mr Mawhinney." The lawyer added: "His conduct is indicative of serious irresponsibility and disregard ...

Chief economist update: ECB gives PEPP talk

BENJAMIN ONG  |  FRIDAY, 12 MAR 2021
It's not what the European Central Bank (ECB) did at its March governing council meeting - keeping monetary policy settings unchanged - but its PEPP (pandemic emergency purchase programme) talk that sent the Euro Stoxx-50 index on the up and up. ...