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Showing 941 - 950 of 2220 results for "Systems"

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... provide compliant advice can be a better outcome than levying a fine or simply removing a license," she said. ANZ blames systems for inadequate controls: RC ANZ has blamed its systems and processes for failing to adequately monitor in-house financial ...

IOOF updates market on ANZ wealth sale

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... Royal Commission several times last week, indicating it dragged its heels on adviser misconduct, and often blamed its systems and processes for failing to adequately monitor in-house financial advisers and authorised representatives. IOOF said ANZ has ...

Advisory group recruits new head of SMSF

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... specifically, our expertise in SMSF services," he said. "Stephen has developed national SMSF strategies and reporting systems elsewhere. He has been managing and training teams that specialise in the administration of SMSFs for high net wealth clients ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
ANZ has blamed its systems and processes for failing to adequately monitor in-house financial advisers as well as its authorised representatives within three of its aligned dealer groups. Week two of the Royal Commission tasked with scrutinising advice ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... been delivered," she said. She noted the bank had documentation issues whereby advisers weren't logging annual reviews in systems. When Hodge asked if Perkovic understood there was a "wider problem" occurring beyond the 257 clients identified, Perkovic ...

Advice not yet a real profession: Kell

ALEX BURKE  |  TUESDAY, 17 APR 2018
... changing, but it's still the case that large banks are major participants in the sector - and that in all instances, "the systems that underpinned the ability to collect revenue were better developed than the systems that ensured that the client received ...

Banks put revenue above quality advice: FSU

ALEX BURKE  |  MONDAY, 16 APR 2018
... today's round of hearings for the Royal Commission, the Finance Sector Union of Australia (FSU) noted that "banks had better systems in place to track incoming revenue than to make sure customers had been given the ongoing advice they were being charged ...

Social media singles out ASIC in Royal Commission coverage

ALEX BURKE  |  MONDAY, 16 APR 2018
... officer Susan Quinn noted how many SMSFs have received poor advice. Pretty unbelievable conduct being exposed here. How the systems that underpin a core business offering could be that bad should tell you something. I'm not really sure there are any ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... continued to charge fees to approximately 14,000 clients in this pool," Orr said. In some cases, this occurred because of a systems error, but in others it was because AMP applied an internal business rule that clients could continue to be charged fees ...

Financial services data breaches recorded

HARRISON WORLEY  |  FRIDAY, 13 APR 2018
... The OAIC defines malicious or criminal attacks as the theft of personal information or any unauthorised access to the systems of an entity. The findings of the report arrive after damning results of a Kamino Cyber Security survey were released in March. ...