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Showing 721 - 730 of 894 results for "Failing"

Barclays cops $80,000 fine

LINDA HAUSKEN  |  TUESDAY, 16 OCT 2012
... Disciplinary Panel(MDP) noted that the unauthorised withdrawal of client money was due to the carelessness of Barclays by failing to ensure that client monies were not withdrawn in error. The MDP also said that the conduct of Barclays was further compounded ...

Aust super system failing retirees

LINDA HAUSKEN  |  WEDNESDAY, 3 OCT 2012
Australia is headed for a retirement savings disaster, with increasing numbers of baby boomers resorting to the aged pension after spending their entire superannuation to pay off debt, a CPA Australia study has shown. In light of the new study findings ...

Spanish fly

BENJAMIN ONG  |  WEDNESDAY, 3 OCT 2012
... formally request for salvation before the Eurozone finance ministers meet on the 8th and the EU money men on the 9th. Failing that, it could do so before the 18-19 October EU summit in Luxembourg or Rajoy could wait after the local elections in Galicia ...

SMSF collectable insurance poses compliance risks

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
Collectable assets held within a self-managed super fund (SMSF) are about to cause compliance problems for trustees failing to procure appropriate insurance, one service provider has warned. All new SMSF investments in art and collectables made on or ...

Treasury paper ignores responsibility: ACFS

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
... whether the powers have been used appropriately. "At a broad level, the prudential regulator can make two types of errors - failing to identify and act early enough in the case of a troubled institution, or wrongly identifying a sound institution as ...

Treasury seeks to boost APRA powers

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
... of being on the verge of collapse and more authority to order disclosure allowing quicker action around the wind-up of failing institutions to prevent contagion and a crisis from escalating. In an effort to keep Australia from becoming involved in a ...

Highly educated SMSF investors prime fraud targets

MELANIE TIMBRELL  |  TUESDAY, 10 JUL 2012
... said the report was "plain commonsense," he referred to the cost of the Trio scam and said investors were still often failing to follow basic checks. "The need for investors to check a number of sources before investing to ensure the legitimacy of the ...

ALI penalised after compliance failures

BEN COLLINS  |  WEDNESDAY, 20 JUN 2012
... imposed additional compliance conditions on Sydney-based insurance group, Australian Life Insurance Distribution Pty Ltd for failing to comply with a number of its obligations as an Australian financial services licensee. After an internal review, ALI ...

UK advisers should shift to planning

ALEX DUNNIN  |  TUESDAY, 19 JUN 2012
... "Australian-style controls should be introduced on recurring advice fees and all legacy trail commissions should be stopped (failing that, strict disclosure requirements should be introduced)." A leap of faith is required by the industry, because while ...

FSS responds to Privacy Commissioner's Report

RACHEL DAVIS  |  FRIDAY, 8 JUN 2012
... disclosure of customer information by First State Super, the report found that FSS had breached a national privacy principle by failing to protect members' personal information from unauthorised access. "We acknowledge the Commissioner's finding that ...