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Showing 9551 - 9560 of 28277 results for "NOT"

Superannuation Guarantee continues to fail employees: Report

KARREN VERGARA  |  THURSDAY, 11 APR 2019
A new study debunks the myth that blue-collar workers are the occupational group most likely not to receive their superannuation entitlements. Using ATO data from 2015/16, Mercer's Unsupered report reveals of the 397,900 salaried employees who are ...

AMP, IOOF: Saved by ESG

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
An equity specialist released a new report outlining its ESG approach to saving both its investments and the reputations of AMP and IOOF following the Royal Commission. In its 2019 Annual Stewardship Report, Martin Currie outlines how it worked with ...

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... conditions." KordaMentha also found both licensees had taken reasonable steps to identify potentially high-risk advisers, but had not adequately reviewed advice given by 17 of those advisers. To address this, KordaMentha Forensic prescribed the scope ...

Fee for no service on APRA and ASIC radar

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... superannuation funds and financial advisers that they will take a tougher approach to ensuring the fee for no service debacle is not repeated. The regulators are taking a more stringent stance on financial advice fees charged without the provision of ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... questioning its annual $260,000 spend on hosting employers at the Australian Open Tennis. Hayne said Section 68A of the SIS Act does not go far enough in preventing "treating" employers and called for the Act to be amended to include a civil penalty ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... way that was favourable to its rate set exposure. Hughes said "the framework was really complex" because the swap rate is not a financial product clearly covered under the Corporations Act. Court settlements were ordered against Commonwealth Bank, National ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... to be able to bring the model back to life when the time is right, and said it should be up to banks to decide whether or not to vertically integrate their wealth and banking operations. "Banks should retain the flexibility to determine these strategies ...

Dealer group acquires bank advice business

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2019
... anniversary of completion, subject to maintaining an agreed ongoing service client retention rate. The bank said it recognises it is not in a position to provide the specialised focus required to effectively meet customer needs into the future. The transaction ...

Chief economist update: EUr next

BENJAMIN ONG  |  WEDNESDAY, 10 APR 2019
... EU products! The EU has taken advantage of the U.S. on trade for many years. It will soon stop!" Make no mistake, this is not an empty threat. Trump will follow through. The Sino-US trade war escalated the same way - via Twitter - when on 18 September ...

ASIC approves AMP for MDAs

HARRISON WORLEY  |  TUESDAY, 9 APR 2019
... management and internal dispute resolution systems to offer MDAs. When questioned by Financial Standard, AMP Financial Planning did not specify its additional license conditions, however confirmed it agreed to implement additional controls and safeguards ...