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Showing 631 - 640 of 1597 results for "STOP"

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... meeting community standards "All of these failures are totally unacceptable. Too many customers have been hurt, and it has to stop," she said. Bligh said Australia's banks had to do whatever it takes to earn back the trust of Australian's which ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... and greater access to advice. However, this does not necessarily breed efficiency in consumer outcomes, he said. "The one-stop-shop has an incentive to promote the owner's products above others, even where they may not be ideal for the consumer," ...

Elon Musk charged with securities fraud

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... charged with securities fraud by the US regulator. The Securities and Exchange Commission is also seeking court approval to stop Musk from serving as an officer or a director of a public company. The matter relates to Musk's August 7 tweet where he said ...

Three down one to go, then another three in 2019

BENJAMIN ONG  |  THURSDAY, 27 SEP 2018
... unchanged from the projections the Fed made in June and at the same time implying that the neutral rate is 3.5% (when they stop raising interest rates). This is backed up by its economic projections that show GDP growth slowing from 3.1% this year to ...

AMP ditches SMSF lending

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... who continue to lend to SMSFs. Westpac stopped SMSF lending on July 31, CBA has set October 12 as the date, AMP will also stop mid-October. RateCity research director Sally Tindall said AMP's announcement comes as a shock to no one. "AMP's new ...

Zenith introduces shareholder voting advice

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
... should vote for a proposed change, often with limited time to decide and with extensive documentation to read. "And it doesn't stop there, as they will then need to decide what decision will be best for individual clients once the voting results are ...

Dealer groups lift due diligence post Dover

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
The sudden closure of Dover Financial Advisers saw a mad scramble by authorised representatives to secure alternative licensing arrangements. Hundreds were successful in doing so before the July 6 deadline, but latest ASIC Financial Adviser Register ...

No time for complacency: AIST

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... for-profit funds that have engaged in 150 separate cases of misconduct, she said. Even the regulators have been unable to stop the "bad behavior." Scheerlinck added the Australian Securities and Investments Commission estimates compensation due to members ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
While older Australians are largely benefitting from reverse mortgages in the short term, many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... - namely Westpac - to "test the law" and obtain enforceable undertakings against others in the hope the misconduct would stop. Hodge countered this view, stating ASIC's practise of accepting enforceable undertakings is "more likely to encourage conduct ...