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Showing 1041 - 1050 of 3918 results for "law"

Former adviser jailed for six years

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
A former financial adviser will spend six years in prison for stealing nearly $3 million of clients' superannuation money. The District Court of New South Wales found Ross Andrew Hopkins, from Killara, guilty of 15 offences. Hopkins was the sole ...

Accessing super cements inequality: Report

ELIZABETH MCARTHUR  |  TUESDAY, 25 MAY 2021
A new report has assessed the impact of COVID-19 on low-income earners in Australia, with findings illustrating harm caused by the early release of super program. The Brotherhood of St Lawrence Shocks and Safety Nets report found that financial wellbeing ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... said, referring to the Your Future, Your Super changes introduced in the FY 21 budget. These changes are yet to be passed into law. "We had Parliament sit last week and they didn't get to the Your Future, Your Super debate," Birks said. She explained ...

ASIC issues warnings on investment scams

ANNABELLE DICKSON  |  FRIDAY, 14 MAY 2021
The corporate regulator identified several ongoing investment scams including duping consumers into establishing self-managed super funds, and advertisements for crypto-asset and contracts for difference disguised as fake news articles. ASIC has discovered ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... Financial is facing a class action for commissions paid to its financial advisers from 21 August 2014 to 21 August 2020. The law firm Piper Alderman representing consumers alleged that Count Financial advisers failed to ensure their remuneration was ...

No early super release for DV survivors

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Among several other initiatives aimed at boosting women's economic security, the government has confirmed it will not proceed with plans to extend the early release of superannuation to family and domestic violence survivors. Scrapping the plan will ...

AMP Australia announces new leadership team

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
AMP Australia chief executive Scott Hartley has announced a new leadership team and an updated operating model. Hartley will have seven direct reports. This includes three external hires, including a new managing director advice, a chief investment ...

ASIC cracks down on investment guru

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
A self-styled investment guru and social media wealth expert has had her Australian credit licence cancelled by ASIC. Dominique Grubisa lost her licence for her company Master Wealth Control on the basis that the business was not engaging in the credit ...

Investec fund in management buyout

KARREN VERGARA  |  MONDAY, 10 MAY 2021
... which includes Sean Holland, Shane Simon and Alexander Corder. Former Investec head of power and infrastructure finance Jeff Law has also joined Commencer as co-fund manager. The existing investment committee will remain, including independent members ...

Pallas hires executive director of lending

KARREN VERGARA  |  FRIDAY, 7 MAY 2021
Boutique debt and equity fund manager Pallas Capital has welcomed a new executive director of lending. Steve Lawrence joins Pallas in the newly created role from La Trobe Financial, where he was the chief lending officer, a role he held for 13 years. ...