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Showing 801 - 810 of 1793 results for "Monitor"

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... said. ANZ blames systems for inadequate controls: RC ANZ has blamed its systems and processes for failing to adequately monitor in-house financial advisers as well as its authorised representatives within three of its aligned dealer groups. Week two ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
The Association of Financial Advisers decided to retain two financial advisers as members despite them receiving official banning orders from ASIC because the association didn't want to tarnish its reputation and engage in a legal battle. AFA chief ...

IOOF updates market on ANZ wealth sale

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... indicating it dragged its heels on adviser misconduct, and often blamed its systems and processes for failing to adequately monitor in-house financial advisers and authorised representatives. IOOF said ANZ has provided various indemnities "in favour ...

Royal Commission singles out 325 NAB staff cutting corners

ALEX BURKE  |  TUESDAY, 24 APR 2018
The Royal Commission referred today to a breach report concerning 325 NAB staff, including 204 financial advisers, who were involved in incorrectly witnessing client forms. This finding came out of a line of questioning involving a particular adviser ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
ANZ has blamed its systems and processes for failing to adequately monitor in-house financial advisers as well as its authorised representatives within three of its aligned dealer groups. Week two of the Royal Commission tasked with scrutinising advice ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
It took Commonwealth Bank two years to notify ASIC its financial advisers were failing to meet ongoing service obligations - all during a time when it slashed adviser numbers and doubled its client base. This is according to CBA executive general manager ...

AMP platform fees laid bare

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... division to ensure that the adviser does provide a service to the fees deducted - no other control measures are in place to monitor this, he said. AMP imposes a cap on advisers' fees that vary across its platforms. MyNorth platform would charge $5250 ...

ASIC lifts licence conditions on CountPlus subsidiary

KANIKA SOOD  |  MONDAY, 16 APR 2018
ASIC has lifted the licence conditions it imposed on a CountPlus subsidiary after it paid $2.5 million in remediation to its clients following a compliance issue in 2015. In September, 2015 ASIC placed additional licence conditions on Total Financial ...

Digital broker partners for multi-asset trading

HARRISON WORLEY  |  MONDAY, 16 APR 2018
... looking to trade in the Australian equity market. "This integration with EMSX will allow overseas brokers and traders to monitor and track their orders in real time and benefit from OpenMarkets' low-cost, best-execution brokerage services," he said. ...

Chief economist update: Can't get enough of war

BENJAMIN ONG  |  MONDAY, 16 APR 2018
War: it seems that US president Donald Trump cannot get enough of it. Trump began his war crusade with the media (and fake news), then moved on to North Korea (although this was instigated by Kim's nuclear "exercises"), then trade and China, last weekend ...