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Showing 1131 - 1140 of 6010 results for "Custom"

APRA champions flexible financial technology regulation

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
APRA chair Wayne Byres has espoused the importance of getting the Australian regulatory balance right with a clear plan, flexible approach and coordinated response. In a speech to the American Chamber of Commerce in Australia, Byres said that global ...

Westpac fined $1.5m for mis-selling insurance

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
The Federal Court has ordered Westpac to pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans, to customers who hadn't agreed to buy insurance policies. This penalty has come as a result of Westpac's ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
ASIC has started civil penalty proceedings in the Federal Court against Macquarie Bank Ltd over alleged failures to monitor third party withdrawals from customer accounts. The corporate watchdog said that limited monitoring by Macquarie of transactions ...

WealthO2 rolls out rebrand

JAMIE WILLIAMSON  |  MONDAY, 4 APR 2022
After merging with Roar and NEO earlier this year, the platform is now rebranding to DASH Technology Group. The software and platform provider now operates as DASH Technology Group, a name it says reflects the value proposition and future vision of ...

Charter Hall, pension fund buy out Irongate

CHLOE WALKER  |  FRIDAY, 1 APR 2022
Charter Hall and Dutch pension fund PGGM have entered into a Scheme Implementation Agreement (SIA) to acquire Irongate Group (IAP). Under the transaction, Charter Hall will own a 12% stake in the partnership, with PGGM owning the remaining 88% interest. ...

AustralianSuper in $3.58bn telecoms acquisition

JAMIE WILLIAMSON  |  FRIDAY, 1 APR 2022
AustralianSuper has partnered for the $3.58 billion acquisition of one of Australia's leading providers of telecommunications tower infrastructure. The super fund will acquire Axicom in partnership with Singtel owned Australia Tower Network. Axicom ...

Nucleus Wealth launches direct indexing option

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
... that direct share ownership often entails." Particularly appealing to superannuation investors, direct indexing provides custom investment options without needing to commit to the time, expense, and legal obligations of running an SMSF. "Where an index ...

BT superannuation lead joins Citi

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
The acting managing director of superannuation at BT has taken a new role at Citi Australia. Hannah Oakhill is now head of retail banking and wealth management at Citi, effective this month. Oakhill joins from BT where she had been serving as acting ...

APRA suspends IDII work, "disappointed" in industry

ELIZABETH MCARTHUR  |  FRIDAY, 25 MAR 2022
APRA has suspended its work on individual disability income insurance, which was causing huge losses to insurance companies, expressing disappointment in the industry's response. The regulator first announced it was intervening on IDII products in 2019 ...

HUB24 appoints first chief growth officer

CHLOE WALKER  |  FRIDAY, 25 MAR 2022
HUB24 has appointed Chesne Stafford to the newly created role of chief growth officer. Currently MetLife's chief customer and marketing officer, Stafford will lead HUB24's distribution and marketing functions and work with the broader team to leverage ...