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Showing 91 - 100 of 100+ results for "Financial Services"

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... any financial harm. AFCA received feedback from financial institutions, particularly small to medium sized financial services businesses, that they were incurring costs dealing with complaints that had no merit and in which no financial harm was done ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... Life (now Resolution Life NZ), AMP Financial Planning, AMP Services, Charter Financial Planning and Hillross Financial Services. It is alleged the misconduct saw AMP pocket more than $600,000 in financial advice fees from 1540 customers despite having ...

Natixis IM appoints APAC distribution head

KANIKA SOOD  |  WEDNESDAY, 28 JUL 2021
... continue to report to Natixis's global chief executive asset and wealth management within Groupe BPCE's global financial services division Tim Ryan. "These appointments reinforce our ambition to progress among the top fifteen largest asset managers in ...

Six new ombudsmen at AFCA

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... Australian Financial Complaints Authority welcomed six ombudsmen to the fold, three of which came from the financial services sector. ANZ head of legal, dispute resolution group Louise McAuliffe, and Westpac practice leader for business lending legal ...

Commonwealth FP under review, partially offloaded

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
... of the business now subject to a strategic review. The big bank has offloaded part of Commonwealth FP to AIA Financial Services, a wholly owned subsidiary of the insurer. With the two entities already in partnership following AIA's purchase of CBA's ...

Governance Institute of Australia names chair

KARREN VERGARA  |  TUESDAY, 27 JUL 2021
... Association of Superannuation Funds of Australia (ASFA) for nearly nine years. She is also a former director of financial services regulation at ASIC between 1998 and 2004. Some recent appointments include a directorship at Freedom Insurance Group and ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... Asgard. Pointing to Asgard, the court said it "breached its obligation to do all things necessary to ensure the financial services covered by its financial services licence were provided efficiently, honestly and fairly, and contravened s912A of the ...

Yarra Capital appoints managing director

ELIZABETH MCARTHUR  |  FRIDAY, 23 JUL 2021
... trusted independent investment partner." Yarra executive chair Dion Hershan added: "Ed's long and enviable financial services experience makes him the ideal candidate to take Yarra forward into its next phase of growth. He shares our long-term vision ...

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... that could potentially benefit retiree clients, according to new research. Regtech Fourth Line and retiree financial services provider Pension Boost looked at the Statement of Advice of 15 licensees and 1980 financial advisers. Of the 5000 SOAs produced ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... group's AFS licence over misconduct. Adam Bevan was an authorised representative and sole director of Trade Wind Financial Services. ASIC banned Bevan after he failed to act in the best interests of three clients after he failed to make enquiries about ...