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Showing 631 - 640 of 4618 results for "Issues"

AFCA chief to serve second term

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... compensation and refunds for consumers. Listing some further achievements, AFCA said it also identified and resolved 236 systemic issues that would have had implications beyond an individual complaint, resulting in 4.7 million people receiving refunds ...

Digital advice association in the works

CASSANDRA BALDINI  |  TUESDAY, 11 APR 2023
... "like-minded" digital advice providers, swapped notes during the QAR to establish common ground around some of the key issues. "During the QAR process, we started to reach out to a range of people in this space and see if there was any common ground," ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... retirees," ISA said. Despite the government's efforts to streamline stapling administration, ISA stated the teething issues remain, with members still being stapled to underperforming funds that failed the performance test. With over 850,000 members ...

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... downside in coming months and further rate rises won't be justified. Further financial contagion from the banking sector issues also can't be ruled out which would also justify keeping interest rates steady." HSBC chief economist for Australia, New Zealand ...

Iress error impacts ESSSuper members

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... resolution," an ESSSuper spokesperson stated. "We are working with Iress to implement additional controls to avoid these issues in future." Of note, the reporting error to the ATO doesn't affect member's super balances.

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... around fraud risk. The rising popularity of crypto-asset investments among retail investors magnifies the impact suitability issues, fraudulent platforms and scams. Traditional risks in securities markets, including counterparty risk, settlement risk ...

ASIC bans Gold Coast adviser

CHLOE WALKER  |  FRIDAY, 31 MAR 2023
... Matai also audited the files of other financial advisers on an as needed basis, and ASIC found that he failed to identify issues that a competent person auditing the files would have identified.

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... inherently negative human behaviour and limiting investor harm, she said. "At first read, it does not seem to address the wider issues on DeFi, or the varying nature of digital assets. It's a first step towards a more comprehensive framework," Bowler ...

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... members. Though last year, FairVine Super, a smaller fifth division of Aracon Super, shut due to significant sustainability issues that jeopardised members' best interests. It's understood that the fund had just 197 members and $7.6 million in funds ...

US regulator sues crypto giant, chief executive

CASSANDRA BALDINI  |  TUESDAY, 28 MAR 2023
... complaint appears to contain an incomplete recitation of facts, and we do not agree with the characterisation of many of the issues alleged in the complaint," he argued. Zhao refuted claims Binance used technology for compliance and US blocks, explaining ...