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Showing 91 - 100 of 639 results for "EMA"

Squirrel Super to pay over false property claims

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
More than 18 months after legal action was launched, Squirrel Super will pay $55,000 for claims made in marketing materials about investing in residential property. The SMSF administrator was found by the Federal Court to have distributed a brochure ...

Spirit Super member data exposed after security attack

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
A Spirit Super data incident has resulted in approximately 50,000 member records from 2019/2020 being compromised. The data breach occurred on 19 May 2022 when a Spirit Super staff member's email account was caught up in a broad phishing attack campaign. ...

Former adviser sentenced over dishonesty

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
A former financial adviser will serve a three-year correctional order, including home detention, for providing fabricated evidence as part of an ASIC investigation. Ezzat-Daniel Nesseim was sentenced to a three-year intensive correctional order after ...

Rest simplifies super splitting

ELIZABETH MCARTHUR  |  THURSDAY, 21 APR 2022
Industry fund Rest has adopted a new super splitting method, aimed at making the distribution of superannuation assets simpler for members. Rest's Super Split initiative allows super assets to be split when a member becomes divorced. It includes a new ...

NAB tops bad advice compensation bill

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
The National Australia Bank's bad advice compensation bill has hit more than $1.2 billion - the highest liability among the major financial institutions. While NAB Financial Planning and NAB Private Wealth have remediated most of this amount with ...

Pinnacle hires retail distribution lead

KARREN VERGARA  |  MONDAY, 7 FEB 2022
Pinnacle Investment Management added a new director for its retail business to the fold, who recently finished up at a boutique investment platform. Chris Brookman joined the ASX-listed firm as a director of distribution of the retail business in February ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
Financial advisers who failed the mandatory examination multiple times are slamming FASEA's feedback process, claiming it is inconsistent and fails to help them stay in the industry. As the failure rate continues to balloon, advisers making genuine ...

T. Rowe Price launches two new products

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
Asset manager T. Rowe Price has launched new global equities investment products available to Australian and New Zealand advisers and wholesale investors. It announced the launch of the Global Select Equity Strategy via T. Rowe Price's Concentrated ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
Trading platform Stake - which has a DIY super offering - has called out some of the largest super funds, saying they are failing to roll over members to its SMSF offering in the required three days. Since October 1, APRA regulated super funds have ...

Former adviser pleads guilty to fabricating evidence

ANNABELLE DICKSON  |  THURSDAY, 18 NOV 2021
A former financial adviser, who has previously worked for Westpac, Fortnum Private Wealth and Libertas Financial Planning, pleaded guilty to five criminal offences at the Downing Centre Local Court. Ezzat-Daniel Nesseim pleaded guilty to dishonestly ...