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Showing 881 - 890 of 1678 results for "Breach"

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... "you were committing an offence, then you can get it done very quickly?" Elkins replied CFS was "focused on resolving the breach." Hodge also brought to light the bank's fee arrangements with financial advisers. An article, published in a national ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... told the Commission CFS initially failed to transition 13,000 members into MySuper products during the 2014 switch - a breach it reported to APRA. Over the next three-and-a-half years, as CFS executives worked with APRA on resolving the breach, the fund ...

Federal Court rules partly in favour of DomaCom

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
A Federal Court ruling on a potential breach of the Sole Purpose Test has been termed a "milestone" for the SMSF industry, however there are still hurdles to clear before sub-funds are not considered in-house assets or related trusts under the SIS (Superannuation ...

GAM to liquidate bond funds

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
GAM Investments will liquidate its suite of absolute return bond funds following the suspension of its head of absolute return strategies. Last week GAM announced it had suspended investment director Tim Haywood for risk management and record keeping ...

Raiz beefs up security with AI

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
Micro-investing platform Raiz Invest struck a deal with a US-based cyber security firm to help protect the platform from hackers. Raiz appointed Seattle-based Versive to deploy its security engine in the platform, which grows at over 20% per quarter. ...

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER  |  FRIDAY, 10 AUG 2018
National Australia Bank chief executive Andrew Thorburn took to social media yesterday to apologise on behalf of the group's 34,000 staff for failures identified at the financial services Royal Commission. Speaking about confronting allegations ...

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
NAB found itself in a "hopelessly conflicted" situation by delaying the process of compensating members charged fees for no service in order to maintain profit levels, the third day of the Royal Commission's inquiry into superannuation heard. This ...

Equity Trustees responds to GAM suspension

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
Equity Trustees halted applications into and redemptions from two GAM Investments funds following the suspension of the global manager's fixed income investment director. In a letter to unitholders, Equity Trustees - as responsible entity for the ...

Aurora takes acquisition bid to Federal Court

KARREN VERGARA  |  FRIDAY, 3 AUG 2018
... disregard" of their duties as directors. Further, it proposes to refer the matter to ASIC to investigate the potential breach of directors' duties - including other matters relating to the "genuineness of the transactions." One particular concern over ...

ClearView defends arrested director

HARRISON WORLEY  |  THURSDAY, 2 AUG 2018
... ClearView added the charge was unproven and Brown also has the full support of NASFUND. The fund believes Brown did not breach any laws and also stated it will defend Brown in his "vigorous" defence of the charge brought against him. The national fraud ...