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Showing 71 - 80 of 397 results for "Mistake"

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... criticised ASIC for being slow to act on emerging issues. "I worry that on common ownership, [ASIC] is making the same mistake," he said. "[Common ownership] might be a critical issue when the index funds have 5% each of the stock market, but it could ...

Economic recap: Week to August 20

BENJAMIN ONG  |  MONDAY, 23 AUG 2021
... Afghanistan", slowing growth in China and regulatory crackdowns there, and the can't win thought of the Fed making a policy mistake - it leaves policy too easy for long that it'll have to go hard when "transitory" inflation becomes more entrenched ...

Advised clients 5.2% better off

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
... is their behavioural coaching role, which was most beneficial from the onset of the pandemic. During COVID, a critical mistake non-advised investors made was to abandon their long-term investment strategies and sell out of equities after dramatic market ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
The corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. In the Federal Court this morning, ASIC representative Christopher Archibald QC recalled the ...

The secret to looking good in the media: Panel

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
The Comms Department managing director Bec Brown explained that one of the worst mistakes financial services companies and super funds can make when it comes to media relations is having a fear of journalists. "You will still hear examples of company ...

Australian equities funds downgraded

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
Morningstar's latest report card for Australian equities funds has downgraded more funds, including strategies from Pendal and Fidelity, than it upgraded. Morningstar's latest Australian Equities Sector Wrap downgraded 10 funds, upgraded nine and commenced ...

ATO begins stimulus fraud convictions

ELIZA BAVIN  |  THURSDAY, 25 FEB 2021
The Australian Taxation Office (ATO) has started cracking down on those who fraudulently accessed government stimulus measures in relation to COVID-19 with the first conviction. Raed Saleh was convicted in the Heidelberg Magistrates Court of three counts ...

Crypto fortune hinges on forgotten password

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 JAN 2021
A Bitcoin portfolio worth approximately $280 million could be lost forever, as its owner struggles to remember his password. Stefan Thomas, a developer based in San Francisco, remains unable to access his Bitcoin wallet. He said the incident is "a painful ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... And that's why this government's ongoing attack on superannuation will be resisted by Labor," Albanese said. "Make no mistake, Labor supports the existing 12% superannuation that has been legislated and we'll fight any attempt to undermine it or change ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
Westpac has reported a "disappointing" full year result with statutory profit down a staggering 66% as a result of the ongoing pandemic and its anti-money laundering fine. Statutory profit decreased $4.94 billion to$2.29 billion while cash earnings ...