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Showing 921 - 930 of 4099 results for "Conduct"

Wealthy overlook digital experience

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
Wealthy investors tend to shun technology and prefer to keep track of their assets manually, according to Praemium. The survey, conducted with Investment Trends, suggests a minority of high-net-worth investors (11%) access an online digital portal and ...

One in three crypto owners to switch banks

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
A survey of Australian cryptocurrency owners, conducted by Visa, has revealed one in three plan to switch banks to one that offers crypto products. The survey of more than 790 financial decision makers across Australia found 33% of crypto owners are ...

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
... practices." Australia's softening regulatory approach is out of line with what is happening overseas. The UK's Financial Conduct Authority (FCA) announced that it intends to test its powers to the limit and use criminal powers, taking on a bolder appetite ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... provide some of the benefits promised to customers who hold offset transaction accounts or 'Breakfree' packages in conduct dating back more than two decades. In what is the last investigation to come out of the Royal Commission, ASIC alleges ...

Avanteos faces criminal charges over deceased super members

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... $700,000 in fees by Avanteos when it was not entitled to do so. Avanteos has remediated all affected customers. Avanteos's conduct was the subject of evidence given at the Royal Commission in the context of fee for no service conduct in the financial ...

AAT downgrades adviser banning

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... appeal to the AAT heard that she "accepted that what she did was wrong" after outlining a series of explanations for her conduct "even though she claimed she was not trying to find excuses". ASIC found that Lee falsely witnessed binding nomination of ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... definitions; difficulties navigating definitions; overly prescriptive legislation; obscured policy goals and norms of conduct; and difficulties administering complex legislation. For the financial advice industry, the ALRC wants to "decouple" 'personal ...

ASIC sets out limited advice expectations

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
... in scope," ASIC said. INFO 267 and the sample SOA summarises Regulatory Guide 175 Licensing: Financial product advisers-Conduct and disclosure (RG 175) and Regulatory Guide 244: Giving information, general advice and scaled advice (RG 244). The difference ...

Courtenay House director faces court for alleged fraud offences

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
... criminal offences for their actions relating to an alleged Ponzi scheme. Iervasi is facing nine criminal charges of dishonest conduct and one charge of carrying on a financial services business without a licence. Papoulias is facing one charge of dealing ...

Retirees require 3.3% drawdown: Research

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
New Morningstar research recommends retirees should drop the 4% withdrawal rate to 3.3% for a balanced portfolio. Using the 3.3% rate over a 30-year time horizon, Morningstar found that newly minted retirees cannot safely withdraw 4% of their initial ...