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Showing 91 - 100 of 358 results for "ASC"

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
The Federal Court has ordered AMP to pay $5.175 million for failing to ensure its financial advisers complied with the best interests duty by engaging in insurance churn. In a case brought in June 2018, ASIC alleged that a number of AMP Financial Planning ...

Retirement funding system failing: Report

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
The specialist retirement funding provider completed its submission to the Retirement Income Review in response to the government's consultation paper released late last year. The report said the purpose of the review is to ascertain the degree ...

SMSF data misleading: BGL

ALLY SELBY  |  FRIDAY, 31 JAN 2020
SMSF administrator BGL Corporate Solutions has called out ASIC over a "misleading" fact sheet it published and distributed to SMSF trustees last year. It comes after SMSF Association chief John Maroney slammed the regulator over the data used in the ...

SMSF adviser hit with ban

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
ASIC has banned a self-managed super fund adviser from providing financial services for five years for failure to meet best interests obligations. Wayne Blazejczyk was investigated by ASIC when he was an authorised representative of Ballast Financial ...

Chief economist update: Stock rally heralds 2020 cheer

BENJAMIN ONG  |  THURSDAY, 19 DEC 2019
The stock market is considered a forward-looking mechanism. That is, stock prices peak ahead of a reversal in economic growth. They start ascending before the economy starts to expand. If so, the rally in most equity markets around the world we've ...

Zenith acquired by private equity firm

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
Research house Zenith Investment Partners has accepted an offer from private equity firm Five V Capital to acquire the business. Five V Capital, set up by Adrian MacKenzie in 2013, is best known for being an early backer of Aussie tech darling Canva ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... Marigold Falconer in 2016 but continued to advise through to September 2018. Marigold Falconer had its licence suspended by ASC in May 2016 because it did not have current professional indemnity insurance to cover claims for breaches of financial services ...

MAX awards recognise industry excellence

HARRISON WORLEY  |  FRIDAY, 14 JUN 2019
More than 280 guests attended the 2019 Financial Standard Marketing, Advertising and Sales Excellence (MAX) Awards in Sydney last night, to recognise individuals and organisations in the wealth management industry. In its 24th year, the MAX Awards demonstrated ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  MONDAY, 27 MAY 2019
As if the world hasn't had enough of the overhanging pall engendered by lingering trade tensions, US President Trump is about to raise the stakes and expand the scope to currency manipulators. This I learned from The New York Times (NYT) on May ...

BlackRock names new Australasia head

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
BlackRock appointed a new head of Australasia to succeed Dominik Rohe. Andrew Landman will return from Hong Kong to Sydney to take the post in June. Rohe will become the head of the Latin America region. Landman was appointed head of the Asia Pacific ...