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Showing 721 - 730 of 1607 results for "Investigation"

Royal Commission puts bonuses on notice

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
... matter did so to maximize their bonuses. "As you notice in my witness statement we didn't do as thorough an investigation as we should have, but I think it's reasonable to assume that that is certainly one of the primary reasons," Comyn said. ...

Super fund apologises for admin error

KARREN VERGARA  |  MONDAY, 19 NOV 2018
... superannuation fund admitted on Friday to an administrative error affecting 346 of its members. Following QSuper's investigation of more than 226,000 current and former defined benefit accounts, it was found that 246 members were underpaid super ...

GAM chief executive steps down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 NOV 2018
... actioned as soon as possible. In July GAM announced it had suspended investment director Tim Haywood after an internal investigation identified issues with risk management processes and record keeping. Haywood oversaw the group's suite of absolute ...

Industry fund chief exits

KARREN VERGARA  |  MONDAY, 5 NOV 2018
... personal expenses using his corporate card. Catholic Super has since terminated Clancy's employment. "A broader investigation into how and why the behaviour was able to occur continues. We acknowledge that some of our processes and procedures were ...

Former adviser jailed, ASIC posts FY18 stats

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
A former Professional Investment Services financial adviser has been jailed for dishonesty following an ASIC investigation. The former PIS financial adviser and representative Satvir Singh Birk was sentenced to two-and-a-half years' imprisonment ...

NAB signals more bad advice remediation

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... businesses. Customer-related remediation totalled $261 million for the period. NAB is still undertaking a bank-wide investigation to determine if customers who paid financial advice fees relating to ongoing service arrangements did in fact receive the ...

An insight into AFCA workload

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
The latest quarterly statistics from the Superannuation Complaints Tribunal give a small insight into the workload that will face the Australian Financial Complaints Authority come Thursday. Closing to new complaints tomorrow, the Superannuation Complaints ...

What the RC can teach us about trust: Deloitte

DARREN SNYDER  |  MONDAY, 29 OCT 2018
... identify how to rebuild the banks' reputation and trust. "The banking sector has undergone a rigorous and exposing investigation through the Royal Commission into Misconduct in Banking, Superannuation and Financial Services," Deloitte Trust Index ...

Assistant Treasurer refutes breach allegations

HARRISON WORLEY  |  FRIDAY, 26 OCT 2018
... Standard. "Thus the media reports, stating other than this (which is clearly documented) are patently wrong." The investigation into the Assistant Treasurer's alleged breach of the Corporations Act comes a fortnight after he told delegates at the ...

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
... considering consumers who need help, Loane added. As a solution, the committee recommended that ASIC undertake a thorough investigation of how in-house rehabilitation services in the life insurance industry operates. This was on the basis the committee ...