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Showing 51 - 60 of 123 results for %22financial abuse%22

Revised penalties come down hard on white collar crime

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
... the Government will introduce legislation to parliament this week, hoping to strengthen sanctions for corporate and financial sector misconduct. It comes in a year when the Royal Commission has highlighted financial services organisations often engaging ...

Retirement living advice is an opportunity: Challenger Financial Standard Technical Services Forum

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
... Government announced its intention to establish a Royal Commission into the aged care sector and is calling for elder financial abuse to be scrutinised. Highlighting concerns with the state of aged care services, Prime Minister Scott Morrison said a ...

Government establishes aged care Royal Commission

HARRISON WORLEY  |  MONDAY, 17 SEP 2018
A prominent law firm believes elder financial abuse should form one of the main issues to be examined at the newly established Royal Commission in to the aged care sector. Maurice Blackburn Lawyers welcomed the Federal Government's intention to establish ...

Financial abuse: A hidden epidemic

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... services to date. It is estimated up to 90% of women affected by domestic and family violence are experiencing financial abuse. The program offers access to independent specialist trauma counsellors, financial assistance, safe establishment of bank accounts ...

Robo-advice users in for the long haul

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JUL 2018
... 18.3% and 16.7% of users respectively. "It's no surprise that the younger demographic is embracing technology in financial services, and these results demonstrate that these clients understand that investing is not about getting rich quick or timing ...

New campaign combats elder financial abuse

KARREN VERGARA  |  MONDAY, 18 JUN 2018
Several organisations are joining a new campaign to help tackle elder financial abuse. The Australian Banking Association, National Seniors, Council on the Ageing, Older Persons Action Network and the Financial Services Union are calling on state governments ...

Spotlight on financial elder abuse

JAMIE WILLIAMSON  |  FRIDAY, 6 APR 2018
While financial advisers are among those best placed to identify instances of financial elder abuse, cases are continually slipping under the radar as it becomes increasingly difficult to recognise. Speaking at the Challenger Financial Standard Technical ...

Government increases market manipulation penalties

JAMIE WILLIAMSON  |  THURSDAY, 29 MAR 2018
Individuals found guilty of manipulating financial benchmarks could face up to 10 years in prison, while institutions could cop about $10 million in fines. Under new Federal Government reforms, the manipulation of any financial benchmark or product ...

CommInsure life insurance ads misleading: ASIC

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
... two of its life insurance policies. An investigation between mid-2013 to March 2016 found Total Care Plan (sold via financial advisers) and Simple Life Insurance (sold directly to consumers), had "misleading and deceptive statements" on some of CommInsure ...

Westpac extends domestic violence support services for staff

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2017
... financial services organisation, Westpac is in a fortunate position to assist employees in overcoming the effects of financial abuse. Cooper, who doubles as executive chair of Westpac's domestic and family violence employee action group, said: "During ...