Almost half of people currently renting property in Australia face the prospect of renting for the rest of their lives, according to a finder.com.au survey. Forty-seven per cent of renters said rising house prices might keep them out of the market. The survey also found that a growing number of people expect to be renting in retirement. Despite the affordability problem that renters face, finder.com.au found that 61 per cent of GenY renters were still hoping to get into the market and were saving for a house deposit. Darren Wayne Thompson, formerly employed by Credit Suisse Management Australia as a vice president in its investment banking department, is facing 11 separate charges of "procuring insider trading". Yesterday, he pleaded not guilty in the Downing Centre Local Court in Sydney to charges brought after an investigation by ASIC's markets enforcement team. ASIC allege Thomson "procured" a close friend, Michael William Hull, on separate occasions, to purchase shares in Australian listed companies while in possession of inside information that he had acquired as a result of his employment. The total profits from those trades (realised and unrealised) was approximately A$492,000. ASIC has permanently banned former AMP Financial Planning adviser Damian O'Rourke, of Brisbane, from providing financial services after finding he failed to provide appropriate advice, failed to provide clients with statements of advice and borrowed over A$2 million from clients, only ten per cent of which was repaid. Among ASIC's further findings were that O'Rourke failed to act in the best interests of a client in relation to insurance and superannuation product advice he provided and failed to give priority to that client's best interests over his own. O'Rourke has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.