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Showing 101 - 110 of 5272 results for "July"

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... obligations and charged almost $5 million in fees to clients when it was not entitled to do so. Mercer admitted that, between July 2016 and June 2019, it failed to invite more than 800 clients to annual review meetings when they were entitled to attend ...

AMP to pay $100m to settle BOLR class action

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... this morning it has reached a settlement with AMP Financial Planning advisers in the BOLR class action that dates back to July 2020. After provisioning $50 million for the fallout in its 1H23 results in July, it will instead pay $100 million following ...

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2023
... will come through before the end of the year. "I am hopeful you will have not only the broad direction that I announced in July, but much more policy detail before Santa Claus arrives," Jones said. He went on to say that to further improve the sustainability ...

Insignia Financial finds buyer for Millennium3

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... in FY23. The cost savings from the divestment are included in the $175 to 190 million of annualised benefits announced in July 2023. The group first confirmed it was on the hunt for a buyer for the licensee back in July when it said it was in discussions ...

Aussie investors optimistic about returns

CHLOE WALKER  |  FRIDAY, 17 NOV 2023
... positive returns in the coming year, according to Schroders' Global Investor Study 2023. Conducted between May 26 and July 31, the study surveyed over 23,950 investors worldwide, including 1000 Australians. Despite the challenging investment landscape ...

Advisers turning to cash, fixed income: Data

CHLOE WALKER  |  FRIDAY, 17 NOV 2023
... Trends 2023 Adviser Product and Marketing Needs report is based on a survey of 1276 financial advisers conducted from June to July. This marks its 16th iteration.

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... to maintaining trust and integrity in the financial system. The corporate regulator's update highlighted its actions from July to September, including a civil penalty imposed on AustralianSuper for not merging duplicate accounts, a lapse that led to ...

Nominations open in FS Sustainability Power50

RACHEL ALEMBAKIS  |  TUESDAY, 14 NOV 2023
... action-packed year in sustainability as the federal government announced plans to make climate reporting mandatory from 1 July 2024, a review of the Modern Slavery Act recommended meaningful reforms to enhance protections of human rights and Treasury ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... Facebook, Instagram, and in a webinar hosted on the fund's website, cited in various instances from 23 August 2022 to 18 July 2023. From August to October 2022, HESTA's social media adverts displayed an 8.87% average annual return for the Balanced ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... government's proposal, climate-related financial disclosures will become mandatory for large Australian companies from July 2024, with smaller businesses to follow in 2027-2028. As FS Sustainability reported in June, the proposal includes a three-year ...