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Showing 1151 - 1160 of 4167 results for "Action"

KLP divests Israeli-linked settlement firms

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... companies with activities related to Israeli settlements in the occupied Palestinian territory, KLP was forced to take action. "KLP has clear expectations for companies we are invested in and these extractions are made based on diligence. In addition ...

Westpac in fresh $87m remediation program

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... remediated affects 32,000 customer accounts, ASIC announced this morning, noting that as much as 328,000 potential corporate action notifications fell through the cracks between 2005 and 2019. The Westpac subsidiaries affected are Securitor Financial ...

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... restitution, plus interest, to thousands of customers. FINRA head of department enforcement Jessica Hopper said: "This action sends a clear message - all FINRA member firms, regardless of their size or business model, must comply with the rules that ...

ASIC disqualifies SMSF auditor

ANNABELLE DICKSON  |  WEDNESDAY, 30 JUN 2021
... co-regulators of SMSF auditors. The ATO's role is to monitor SMSF auditor conduct and then refer matters to ASIC for further action. "SMSF auditors are fundamental to the SMSF sector and must meet minimum standards of behaviour to ensure they act ...

UK pension funds pushed to merge

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
... this year, these plans must pass a series of value-for-member tests. If they fail the tests and fail to take immediate action, they will be forced to wind up and merge with a larger scheme. While they won't be subjected to the same tests, pressure ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
Financial advice regulatory reforms that include establishing one disciplinary body and giving ASIC greater powers over the industry are closer to becoming law. The minister for superannuation, financial services and the digital economy Jane Hume introduced ...

Virtual company meetings to stay

ANNABELLE DICKSON  |  FRIDAY, 25 JUN 2021
... Economic Response) Determination (No. 3) 2020, which expired on March 21. Back in March, ASIC said it was taking a "no action" position on companies holding their annual general meetings via videoconferencing.

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
... drop in wages. The piece de resistance? "The MPC will continue to monitor the situation closely and will take whatever action is necessary to achieve its remit. The Committee does not intend to tighten monetary policy at least until there is clear evidence ...

Westpac backs out of NZ demerger plans

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
Westpac has decided to retain its New Zealand business after reviewing the feasibility of the 160-year-old division and the impact of increased capital requirements. In March, the bank flagged that it was in early stages of reviewing Westpac New Zealand ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
Clients who claimed Commonwealth Bank financial advisers put them in expensive CMLA life insurance policies instead of cheaper alternatives have been asked to work to a new group definition. The group proceedings were filed by Diana Tyrrell and Edward ...