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Showing 961 - 970 of 4270 results for "Yesterday"

ANZ blames tech and training for bank mishaps

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2016
... for itself or that the community rightly expects. In addressing the House of Representatives' parliamentary committee yesterday, Elliott said: "Each time we fall short, we potentially harm a customer or a member of the community. For that, I apologise. ...

Advisers urged to meet challenges together

DARREN SNYDER  |  THURSDAY, 6 OCT 2016
... from her role as president to treasurer, added that the life industry has evolved and the remuneration structures of yesterday were no longer relevant. "The rules and licensing which are all there to protect consumers have made the advice world more ...

More poor customer outcomes expected: Narev

JAMIE WILLIAMSON  |  WEDNESDAY, 5 OCT 2016
... outcomes as an independent review of the bank continues. Narev told the ongoing parliamentary committee in Canberra yesterday that while CBA has implemented a number of initiatives in a bid to ensure the best service for customers, "there will undoubtedly ...

NAB and Nippon Life complete sale

DARREN SNYDER  |  TUESDAY, 4 OCT 2016
A $2.4 billion sale of National Australia Bank's life insurance business to Nippon Life was finalised yesterday. Following the sale NAB said its MLC Life Insurance business would see changes to the board of parent entity, MLC Limited. Joining the MLC ...

MDAs overhauled by new regulations

JAMIE WILLIAMSON  |  FRIDAY, 30 SEP 2016
The operation of limited MDAs is to be terminated under new, long-awaited regulatory reforms released by ASIC yesterday. The regulator has made amendments to Regulatory Guide 179, the most significant being the removal of the regulated platform no-action ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 30 SEP 2016
... Japan household spending Already flagged by the worse than expected 2.1% year-on-year decline in retail sales (reported yesterday), Japanese household spending dropped by a sharp 4.6% in the year to August. This compares with market expectations for ...

Next wave of super legislation rolls in

DARREN SNYDER  |  WEDNESDAY, 28 SEP 2016
Attempting to keep superannuation reforms on the move, Treasurer Scott Morrison released more draft legislation yesterday. Among the second tranche of legislation are plans to implement the $1.6 million transfer balance cap, limiting the amount an individual ...

Fraudulent adviser faces court

JAMIE WILLIAMSON  |  WEDNESDAY, 28 SEP 2016
... brought by ASIC. Following an investigation by the regulator, Gabriel Nakhl faced the Local Court of New South Wales yesterday, accused of engaging in dishonest conduct with investor funds. Nakhl was employed as an authorised representative of Australian ...

Default super system splits industry

DARREN SNYDER  |  WEDNESDAY, 21 SEP 2016
... from the 2014 Financial System Inquiry (FSI). The commission's issues paper on alternative default models, released yesterday, has again split the system by those representing retail super funds and the industry fund movement. The Financial Services ...

Saxo open to tech collaborations

DARREN SNYDER  |  WEDNESDAY, 21 SEP 2016
... according to Saxo Capital Markets. Hosting the inaugural Saxo Fintech Agility Conference at Sydney's Stone and Chalk yesterday, the multi-asset trading and investment specialist said companies are free to choose isolation over collaboration, but a fast-paced ...