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Showing 81 - 90 of 891 results for "Failing"

HMC Capital progresses re-tenancy of Healthscope hospitals

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
... in the 11 private hospitals leased to Healthscope. In early March, HCW and UHF issued breach notices to Healthscope for failing to pay rent due for the month. "Part payment of the rent has been received. HCW and UHF will enforce their legal rights and ...

Finfluencer failed to disclose paid promotions, says regulator

JAMIE WILLIAMSON  |  WEDNESDAY, 30 APR 2025
... decisions based on finfluencers' recommendations are 12 times more likely to be scammed, a Canadian finfluencer was busted for failing to disclose sponsorship of content and engaging in investor relations activities. The Alberta Securities Commission ...

AFCA highlights 'pattern of delays' in super

ELIZA BAVIN  |  TUESDAY, 29 APR 2025
... with its obligations cooperate which can be found under A.9.1 of the AFCA Rules and our Engagement Charter," AFCA said. "Failing to cooperate during the AFCA complaint process can cause a negative impact on consumers and contribute to a relationship ...

Life insurers keep breaking their own rules: Report

ANDREW MCKEAN  |  TUESDAY, 1 APR 2025
... reported incidents - the report didn't disclose their identities. As in previous years, insurers cited human error, staff failing to follow established processes and procedures, and resourcing issues as the main causes of breaches. Human error was the ...

Queensland adviser banned for five years

MATTHEW WAI  |  MONDAY, 31 MAR 2025
A Queensland financial adviser has been banned by ASIC for failing to act in the best interests of his clients and failing to prioritise their interests. Grant Thomson is banned from providing financial services, controlling an entity that carries on ...

Jones calls out super sector, hints at more reform

ELIZA BAVIN  |  THURSDAY, 20 MAR 2025
Assistant Treasurer and Minister for Financial Services Stephen Jones told Financial Standard that the government's work on reforming the superannuation sector is not done. Speaking on the Financial Standard podcast, Jones praised the positive aspects ...

'Incompetent' adviser permanently banned by ASIC

MATTHEW WAI  |  FRIDAY, 14 MAR 2025
... "Principal-protected Private Placement Program" which offered high-yield returns. Suetonius' AFSL was cancelled in March 2024 after failing to lodge its financial statements and audit reports for the 2021, 2022, and 2023 financial years. ASIC determined ...

MLC Life explores new market

ELIZABETH FRY  |  THURSDAY, 13 MAR 2025
... Lifebroker business," he said. "I look back in awe of what we have achieved together for our customers. "18 years of trying, failing and learning will undoubtedly come in handy as I embark on the next adventure."

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... Meantime, this action against AustralianSuper follows it being ordered to pay a $27 million penalty after ASIC sued it for failing to merge multiple member accounts, a case that impacted more than 42,500 members. Member services are also in the crosshairs ...

Beware creep of cancel culture into super fund governance: Lawyer

ANDREW MCKEAN  |  FRIDAY, 7 MAR 2025
... Barrett said. Barrett also noted that while APRA said it will magnanimously stop short of outright vetoing appointments, failing to take its feedback on board could see a fund placed under heightened surveillance. "Not all the proposals will be cheered ...