Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 751 - 760 of 2030 results for "Let"

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
The Royal Commission cast serious doubts over the ability of APRA and ASIC to effectively regulate the superannuation industry, questioning their purpose in safeguarding retirement savings and the stability of the financial system. In his fifth round ...

Chief economist update: Famous last words

BENJAMIN ONG  |  TUESDAY, 28 AUG 2018
The S&P 500 index closed at 2896.74 points at the end of last night's trading activity on Wall Street. Yes, Virginia, it's a new record high! Yippee-kay-yay and hallelujah! This is good for stock markets around the world, including Australia. ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... lower pricing arrangements. Burrell says while directors were legally obliged to act in the best interests of stakeholders - let alone the company itself - in bottom line cultures too often the question asked has been 'Can we get away with it?' ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
ASIC's favourite method of tackling misconduct came under fire as the Royal Commission capped off its round of superannuation hearings on Friday. First up was Tim Mullaly, a senior executive leader in ASIC's financial services enforcement division. ...

Royal Commission on social media: Regulators under scrutiny

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... August 17, 2018 Private investor Peter Morgan quipped the horse racing industry was better regulated than financial services. Let it die, let it die. Let grandfathered commissions shrivel up and die! Who in the industry is with me? #BankingRC #Crickets ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
The Royal Commission heard Australia's prudential regulator has banned one person for not being fit and proper since 2008 - after the law changed requiring APRA take the matter to court. Under examination from counsel assisting Michael Hodge, APRA deputy ...

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
Colonial First State admitted to falling below community standards when it crafted poor communication to super fund members to dissuade them from moving to a cheaper default option. One financial adviser was banned in the process, the Royal Commission ...

Female Excellence in Advice finalists announced

DARREN SNYDER  |  THURSDAY, 16 AUG 2018
... contributions they've made to the community," McConville said. "The application process takes time and effort but all participants let us know how rewarding the experience is and a good opportunity for them to reflect on the great work they do for Australians ...

Entertainment spend retains members: Hostplus

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
The Royal Commission has questioned whether splurging on client entertainment is in the best interest of super fund members. Hostplus chief executive David Elia took to the witness stand on the issues of substantiating corporate expenses and multiple ...