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Showing 1051 - 1060 of 6720 results for "Ong"

Aware Super advice arm to pay $20m fine

CHLOE WALKER  |  FRIDAY, 18 FEB 2022
The industry super fund's financial advice subsidiary has been hit with a $20 million penalty for charging over 25,000 customers more than $50 million in fees for no service. Between 21 August 2014 and 30 June 2018, Aware Financial Services, formerly ...

Mixed results for Netwealth

CHLOE WALKER  |  THURSDAY, 17 FEB 2022
Netwealth reported a mixed half year result with increased profits, a higher dividend but also higher expenses. The platform reported total revenue of $84.7 million, which was up 17.1% on the previous corresponding period. Netwealth said it had "strategically ...

VFMC appoints head of investment stewardship

CHLOE WALKER  |  THURSDAY, 17 FEB 2022
The Victorian Funds Management Corporation (VFMC) has appointed a head of investment stewardship. Shali Lingaretnam has been appointed head of investment stewardship in an ongoing capacity, having been acting in the role since July 2021. Lingaretnam ...

Bell Financial Group in AUSTRAC probe

JAMIE WILLIAMSON  |  THURSDAY, 17 FEB 2022
Three of Bell Financial Group's subsidiaries are under scrutiny by AUSTRAC, with an audit ordered to assess compliance with financial crime laws. AUSTRAC has ordered that an external auditor be appointed to Bell Potter Securities, Bell Potter Capital ...

AustralianSuper to grow external mandates, hires

JAMIE WILLIAMSON  |  TUESDAY, 15 FEB 2022
The nation's largest superannuation fund plans to appoint more external managers, including looking to hand out its first mandates for Japanese and Indian markets specialists. It has also hired from Frontier and VFMC as it grows the team responsible ...

Assets under custody hit $4.7tn

ELIZABETH MCARTHUR  |  TUESDAY, 15 FEB 2022
The Australian Custodial Services Association (ACSA), the peak industry body for custodians and asset service providers in Australia today released industry data showing assets under custody increased by 5.8%to a new record of $4.7 trillion in the six ...

AMIST criticised for SPC investment

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
Australian Meat Industry Superannuation Trust (AMIST) is being criticised for a recent investment in fruit packing giant SPC, due to the other party involved in the capital raise. AMIST made an investment in SPC in a capital raising. Peregrine Corporation ...

AMP reports $252m loss

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
While AMP's financial advice and wealth management units show signs of recovery, the group ultimately reported a massive $252 million statutory loss in its full-year financial performance. Underlying net profit after tax, however, was up 53% to ...

AMP Capital unveils new name

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
AMP Capital will become Collimate Capital ahead of its slated ASX listing in the second half of the year. Cementing its separation from parent company AMP, AMP Capital chief executive Shawn Johnson said today's announcement is a testament to ongoing ...

AFA responds to Quality of Advice Review

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
The Association of Financial Advisers hopes that the upcoming industry review will listen to the voices of clients and overhaul the advice process. In its submission to the draft terms of reference for the Quality of Advice Review, the AFA is calling ...