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Showing 1151 - 1160 of 3270 results for "January 1 2014"

IPIF names investment lead, launches capital raise

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
Specialist unlisted infrastructure fund manager Infrastructure Partners Investment Fund (IPIF) has appointed a new chief investment officer and announced a capital raising. IPIF appointed Jonathan van Rooyen to the role of chief investment officer. ...

Jane Hume to address AFA Conference

KRISTI CHENG  |  THURSDAY, 1 AUG 2019
The Assistant Minister for Superannuation, Financial Services and Financial Technology will address the Association of Financial Advisers' National Conference in Adelaide. AFA chief executive Philip Kewin said the AFA is delighted to welcome Senator ...

ASIC reveals advice remediation progress

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
A 2017 report by ASIC into how the big banks and AMP oversee financial advisers has netted less than $120 million in remediation to date. AMP, ANZ, Commonwealth Bank, NAB and Westpac have paid a total of $119.7 million [see figure 1] in remediation ...

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
The government will introduce legislation this week to end the payment of grandfathered commissions to financial advisers by 1 January 2021. Federal Treasurer Josh Frydenberg and assistant minister for superannuation, financial services and financial ...

Spectrum Wealth representatives find new homes

ELIZABETH MCARTHUR  |  MONDAY, 29 JUL 2019
Spectrum Wealth Advisers is seeking to cancel its licence and is no longer providing financial services, with many representatives having now joined new licensees. ASIC recently advised clients of Spectrum Wealth Advisers and the advisers registered ...

ASIC sues ANZ over unlawful fees

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
The corporate regulator is suing ANZ, alleging the bank unlawfully charged customers certain periodic fees exceeding $50 million. ASIC estimates the total gross loss to customers is in excess of $50 million for 1.3 million occasions of unlawfully charged ...

Standard Life Assurance fined for hawking non-advised annuities

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
Standard Life Assurance has been slapped with a £30.8 million ($54.9m) fine by the UK regulator for hawking non-advised annuities. The Financial Conduct Authority found SLA offered its call centre staff "significant bonuses and rewards" if they exceeded ...

Keybridge shareholder threatens board spill

KANIKA SOOD  |  TUESDAY, 23 JUL 2019
A shareholder of Keybridge Capital says its board is "effectively deadlocked" on key decisions, and is asking all directors to voluntarily resign and put themselves up for re-election by shareholders. Bentley Capital owns about 20% of Keybridge Capital ...

OnePath receives first Life Code sanction

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUL 2019
OnePath is the subject of the first sanction to be issued by the Life Code Compliance Committee for failure to stop selling a non-compliant product and remediate customers by an agreed deadline. In July 2017 OnePath self-reported its ANZ Loan Protection ...

FASEA exam was fair: Poll

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
Less than a third of the financial advisers surveyed in Financial Standard 's spot poll found the inaugural FASEA exam questions difficult, while the majority said it was reasonable. Less than half (44%) of the survey participants said the questions ...