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Showing 8651 - 8660 of 28277 results for "NOT"

ASIC outlines Code of Ethics expectations

ELIZA BAVIN  |  TUESDAY, 26 NOV 2019
... Investment Commission has outlined what it expects of advice licensees in regards to enforcing the Code of Ethics, saying it will not monitor or enforce individual advisers' compliance. The regulator said under the Corporations Act it does not have a ...

ASIC launches investigation into Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
More woe for Westpac as ASIC confirms it has commenced an investigation into the bank following AUSTRAC's actions in relation to money laundering. An ASIC spokesperson told Financial Standard : "ASIC can confirm that it commenced an investigation ...

Chief economist update: Let's talk about debt

BENJAMIN ONG  |  TUESDAY, 26 NOV 2019
... this year (unchanged from its September prediction) and raised its 2020 guesstimate to 2.3% (from 2%) in 2020. Good... but not as good as the RBA's forecast of 2.3% in 2019 and 2.6% next year. I don't want to quibble over the exact point estimates ...

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... crime prevention processes are industry leading." At the same time, Maxsted announced longstanding director Ewen Crouch will not seek re-election. Maxstead is also bringing forward his retirement as chair to the first half of 2020. "The board accepts ...

APRA floats insurance in super change

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... requiring a process which enables beneficiaries to easily opt-out of insurance cover, and that the level of insurance cover not inappropriately erode the retirement income of beneficiaries. The regulator said it would "particularly welcome" feedback ...

Westpac halts short-term bonuses, culls Litepay

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
The under-fire big bank will halt short term incentives for its executive team as it deals with the fallout from its alleged breaches of anti-money laundering and counter terrorism financing laws. Announcing the bank's three-point response plan ...

AIST finds issues with FASEA code

ELIZABETH MCARTHUR  |  MONDAY, 25 NOV 2019
... context, increasing the cost of advice would likely "act as a powerful disincentive" to a member seeking advice. "It also does not recognise that comprehensive advice is not needed by all members," Scheerlinck said, "The need to be able to offer cost-effective ...

AMP transfers 25% of accounts to ATO

ELIZA BAVIN  |  MONDAY, 25 NOV 2019
... Committee chair, Tim Wilson MP, labelled the practice "suspicious" given the rollover fund charges a fee, while the ATO does not. Rainmaker research shows that for an account balance of $5000, the fee will be around $42. Wilson expressed his concern ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
The US-China trade deal/no trade deal seesaw continues to drive the markets' daily ups and downs. But behind these day-to-day swings is the rise and rise on Wall Street - to new record highs. To be sure, the third quarter reporting season was nothing ...

Dover, McMaster found guilty

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
... 1041H of the Corporations Act and section 12DA(1) of the ASIC Act. This is because the introductory clause of the policy did not ensure Dover clients received the maximum protection available under the law. Instead, clauses contained within purported ...