BT Funds Management fined $20mBY JAMIE WILLIAMSON | FRIDAY, 8 APR 2022 4:51PMBT Funds Management has been handed a $20 million fine by the Federal Court for continuing to charge commission payments to superannuation members for seven years after they were banned.
Upgrade your subscription to access this article
And gain access to:
And moreRelated News |
Editor's Choice
BlackRock appoints head of iShares, index investment
BlackRock has named Jason Collins as its head of iShares and index investments for the Australian and New Zealand region, effective immediately.
That's a wrap for the BT Wrap
BT's 25-year-old Wrap has seen its last June 30, with its user interface no longer available and all clients moved across to Panorama.
Social impact fund to target essential workers
A new co-investment scheme, backed by family offices and institutional investors, will be made available to first responders and frontline workers, helping them secure a property close to their workplace.
Talent shortage impacts demand for regional advice practices
It's a buyer's market for those keen on acquiring a regional financial planning practice - just don't expect to be able to hire for it.
Products
Expert Feed
Dear minister: Fixing the broken advice market
An open letter to the newly appointed minister for financial services, sharing a possible approach to revitalising and advancing the advice industry.
Size isn't everything
It is timely with a new federal government to ask the question; has the focus on fund size in the superannuation system run its course?
Like dogs, every investment style has its day
My old boss once said I was like a dog with a bone, except that the bone was buried in the backyard, and I'd keep digging until I found it. And that's ...
Reconfiguring portfolios for a structural turning point
Superannuation's structural tailwinds of the past 30 years are morphing into headwinds and traditional diversification is challenged. (As an industry) ...
Featured Profile
Laura Ryan
HEAD OF RESEARCH
ARDEA INVESTMENT MANAGEMENT PTY LIMITED
ARDEA INVESTMENT MANAGEMENT PTY LIMITED
Ardea Investment Management head of research Laura Ryan has spent the past two decades using quantitative research to investors' advantage. Now, she's also using it to the advantage of the planet. Cassandra Baldini writes.
