Editor's Choice
Early release of super scammers cop prison time
Three people will go to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500.
Super funds slash external mandates by 54%
The number of investment managers winning institutional mandates has tanked 54% in less than two years as superannuation funds ramp up the in-house management of assets, Rainmaker Information research reveals.
ASIC tells super funds to 'step it up'
ASIC commissioner Simone Constant delivered a stern warning to super fund trustees.
Brookfield bids for majority stake in Neoen
Brookfield and its institutional partners have lobbed a bid to acquire a 53% majority stake in French renewable energy company Neoen.
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Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
Excellent stuff. The FPA is going to teach their people it is not ok to make unauthorized transactions on clients accounts, they must not forge people's signatures, they must not lie to their clients. I kinda thought by following their license obligations that product disclosure statements and additional SOA and a 10 day notification to the client that switches are made would prevent illegal and immoral activities.
Well it goes to show the Corporations Act and the people who enforce those Acts and the requirements of holding such a license clearly have no merit. Clearly we all know who are the losers out of all this: those poor people who thought they would do the right thing with their money and go and see a product flogger rather than a financial planner.
Come on FPA, don't treat us as fools any further. These adviser's knew exactly what they were doing.