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Showing 1061 - 1070 of 2988 results for "ARRA"

Former Financial Wisdom adviser banned

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
ASIC permanently banned a former Financial Wisdom financial adviser from working in financial services. Anneliese Ada Willmott was an authorised representative of CBA subsidiary Financial Wisdom from 12 November 2015 until 10 August 2017. Financial ...

Macquarie axes SMSF residential property loans

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
Macquarie Bank revealed in a note to brokers it has made significant changes to its product offerings. The bank confirmed it is no longer offering SMSF residential home loans, with the change effective from April 30. Macquarie will continue to service ...

AMP scraps bonuses

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
AMP will no longer be awarding incentives for leadership teams. Meanwhile, former executives have forfeited long and short term incentives and fees paid to board directors have been reduced. In its 2018 annual report chairman David Murray wrote: "The ...

Industry fund executive takes new role

HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
The chief risk and compliance officer of an industry superannuation fund managing more than $6 billion has made the move to a bigger fund. Vision Super is welcoming Nikki Schimmel to the fold, after the former LUCRF chief risk and compliance officer's ...

Benchmark APRA against global counterparts: Treasury

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
APRA's first capability review should consider benchmarking it against comparable prudential regulators around the globe, says its terms of reference which are now open for response. Last month, the Government agreed to undertake regular capability ...

Advisers to return US$125m in fees

KANIKA SOOD  |  TUESDAY, 12 MAR 2019
Financial advisers in the US are set to return about US$125m million to retail customers after a regulatory clampdown on inadequate fee disclosures last year. The Securities and Exchange Commission charged 79 people, including well-known names such ...

Bank of Queensland chief risk officer retires

ELIZABETH MCARTHUR  |  TUESDAY, 12 MAR 2019
One of Australia's oldest financial institutions has announced the retirement of its chief risk officer (CRO). Bank of Queensland (BOQ) today announced the retirement of Peter Deans, who has held the position of chief risk officer for seven years. Dean's ...

Wills are an afterthought for the rich: Lawyer

KARREN VERGARA  |  WEDNESDAY, 27 FEB 2019
The number of wealthy people who don't have wills or rely on do-it-yourself will kits still comes as no surprise to an estate planning expert. Australian Unity Trustees national manager of estate planning Anna Hacker says wealthier people are not as ...

'Best in show' a no go: KPMG

JAMIE WILLIAMSON  |  WEDNESDAY, 27 FEB 2019
The Productivity Commission's recommendation of a 'best in show' list for superannuation funds will not be adopted, according to KPMG. In a new report, KPMG states it is highly unlikely a shortlist of default super providers will eventuate. This is ...

KPMG expands advice remediation team

HARRISON WORLEY  |  TUESDAY, 26 FEB 2019
KPMG recently launched a hiring spree to support clients with financial advice remediation efforts. As wealth managers further move to remediate customers for various fees for no service and financial advice misconduct, KPMG is bolstering its managed ...