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Showing 791 - 800 of 1680 results for "Breach"

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
Extra conditions have been placed on the AFSL of one of Australia's biggest financial advice licensees following an investigation sparked by phenomenal growth in adviser numbers in just six months. SMSF Advisers Network has had additional licence ...

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
IOOF has announced new leadership following the fallout from the Royal Commission, with managing director Chris Kelaher to leave the embattled wealth firm. Allan Griffiths has been named IOOF's new independent, non-executive chair. He has been acting ...

New Zealand investors call for action after attacks

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
New Zealand investors are rapidly joining an initiative to strengthen controls on social media content in the wake of the Christchurch terrorist attacks. Last month the NZ Super Fund, Accident Compensation Corporation, Government Superannuation Fund ...

APRA consults to combat cyber attacks

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... gain in skill and technological sophistication." "Unfortunately, it is only a matter of time until a significant cyber breach occurs at an Australian financial institution." Summerhayes says APRA believes cyber-crime is an imminent threat to information ...

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A full-service stockbroking and wealth management firm with over 60,000 active clients has had additional licence conditions lifted. Morgans Financial had the conditions imposed in November 2016. ASIC has now removed the conditions as at March 19. The ...

UBS fined $51m for reporting breaches

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
Swiss bank UBS AG has been slapped with a £27.6 million ($51.1m) fine for breaching reporting rules stretching nearly a decade. UK regulator the Financial Conduct Authority found UBS did not provide complete and accurate information relating to about ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... for these ASIC-approved codes to include 'enforceable code provisions', contravention of which will constitute a breach of the law. It also proposes allowing ASIC to take into account whether particular provisions of an industry code have been ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
The lawyer who led $300 million of claims during the Storm Financial crisis is preparing a class action against IOOF. Quinn Emanuel partner Damian Scattini said the firm will next week file a claim in the Supreme Court of New South Wales. The class ...

Former adviser cops 10-year prison sentence

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2019
A former financial adviser has been jailed for 10 years for using more than $6 million in client funds for his own purposes. Gabriel Nakhl was found guilty of engaging in dishonest conduct and sentenced to 10 years' imprisonment by the District ...

Qantas Super urges women take control of super

ELIZABETH MCARTHUR  |  FRIDAY, 15 MAR 2019
Women continue to lag behind men significantly when it comes to being prepared for retirement, new research shows. The Qantas Super CSBA Retirement Confidence Index asked people to rate their confidence in having enough money to retire comfortably out ...