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Showing 1131 - 1140 of 4167 results for "Action"

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... Super members continued to be charged fees after delinking their corporate super plan into a retail account. "AMP took action to rectify the issue, self-reported it to ASIC, and commenced a remediation process," AMP said. That remediation program saw ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... partially recovery the costs. Between FY19 and FY21, total costs have shot up from $33 million to $71 million. "Enforcement action, which largely relates to Royal Commission actions, has risen from $9.5 million to $31.4 million. In addition, the allocation ...

Lumiant launches fact find module

ANNABELLE DICKSON  |  TUESDAY, 27 JUL 2021
Lumiant has launched a free module for its adviser customers to enhance its fact find process by including a survey to understand clients' ideal outcomes. The Your Life module includes statements based around Lumiant's eight dimensions of wellbeing ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... service an AMP client book. That was the price set by AMP. It was never a market value," he said. This set in motion a class action brought against AMP by its own advisers. The action is ongoing, with AMP Australia chief executive Scott Hartley declining ...

Fintechs settle legal stoush

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Astute Wealth Advice and Lumiant have reached an agreement to settle an alleged copyright breach. According to AstuteWheel managing director Hans Egger, Lumiant has agreed to a number of actions set out in the Cease and Desist letter sent earlier this ...

Greenwashing scrutiny needed: Evergreen

ELIZABETH MCARTHUR  |  FRIDAY, 23 JUL 2021
ASIC's research project into the extent of greenwashing in the investment management industry should be commended, according to Evergreen Consultants. "ESG or responsible investing is arguably the single largest trend in the investment universe today," ...

Get your ducks in a row before you think of an IPO

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
For small financial firms looking to list on the ASX, ongoing regulatory action may be a deal breaker to going public, according to HLB Mann Judd partner Marcus Ohm. Ohm says an undertaking with APRA or ASIC can preclude a wealth, funds management or ...

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
... ban unsolicited cold calling in life and consumer credit insurance sales from 13 January 2020. This followed enforcement action against firms such as CommInsure and ClearView. In 2019 it won a $700,000 penalty against CommInsure, after the firm plead ...

Finfluencers ensnare female Millennials

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... financial institutions or more established enterprises have historically made this information challenging to navigate and action," he said. Frolov issued a warning to the growing audience as many finfluencers might have a strong finance background ...

Companies failing harassment victims: ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 22 JUL 2021
... they don't think they have any sexual harassment," she said. "Once they get a complaint, that's when they start taking action." Ultimately, research undertaken by the Australian Human Rights Commission concluded that accountability for stamping out ...