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Showing 841 - 850 of 1829 results for "Monitor"

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 ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... Corporations and Financial Services - where ASIC deputy chair Peter Kell conceded the regulator has failed to effectively monitor advice provided by industry funds for its compliance with the best interests duty introduced under the Future of Financial ...

Cryptocurrency service providers now regulated: AUSTRAC

HARRISON WORLEY  |  THURSDAY, 12 APR 2018
... institutions under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, requiring financial institutions to monitor transactional activity and report suspicious actions to AUSTRAC, or movements of cash over $10,000. AUSTRAC chief executive ...

Dimensional launches global ESG bond fund

KANIKA SOOD  |  THURSDAY, 12 APR 2018
The $738 billion asset manager has launched a new global ESG fund that will invest in fixed interest bonds of companies that shun tobacco, alcohol and gambling, among a variety of ESG factors. Dimensional already runs an existing sustainability strategy ...

IFM partners to slash carbon emissions in $12bn fund

ALEX BURKE  |  THURSDAY, 12 APR 2018
IFM Investors, the $100 billion super fund investment consortium, is partnering to cut carbon emissions for Australia's largest infrastructure fund. Partnering with the Clean Energy Finance Corporation (CEFC), IFM will work to reduce emissions for the ...