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Showing 1171 - 1180 of 6076 results for "Commission"

Former QSuper chief joins NZ Super Fund board

KANIKA SOOD  |  TUESDAY, 8 SEP 2020
... chair of CBA's staff superannuation fund and chair of the federal government's safety, rehabilitation and compensation commission (from which she will step down in October). She is also a member of the investment committee at Fairfax Family's Cambooya ...

AMP deed of release bars advisers joining class action

ELIZABETH MCARTHUR  |  MONDAY, 7 SEP 2020
... reset AMP's commercial terms was difficult but necessary given the recent changes to legislation following the Royal Commission resulting in significant economic changes and disruption across the industry. This includes the removal of grandfathered commissions ...

Sydney tax professional jailed

ELIZA BAVIN  |  MONDAY, 7 SEP 2020
A tax professional has been sentenced to one year and eight months jail, having pleaded guilty to lodging false income tax returns and amendments without his clients' knowledge. Hussain Nazeer admitted guilt for dishonestly causing a loss to the Commonwealth ...

Fees fall after super mergers: Research

JAMIE WILLIAMSON  |  FRIDAY, 4 SEP 2020
Members whose super funds have merged in the last three years have seen their fees decrease by 20%, according to new analysis. Rainmaker looked at 13 mergers involving 22 super funds; 11 traditional mergers, the integration of Virgin Super and Mercer ...

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... abused his position in the bankruptcy proceedings of luxury retailer Neiman Marcus Group. The Securities and Exchange Commission has charged Daniel Kamensky with violating anti-fraud provisions, with the regulator seeking both a permanent injunction ...

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... to 21 August 2020. The class action has come off the back of Count Financial's misconduct revealed in the Royal Commission and alleges it contravened obligations owed to clients when taking commissions from product issuers or clients. Piper Alderman ...

LIC seeks conversion to ETF

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
In a rare move, a listed investment company is looking to convert to an ETF in an attempt to close discount for investors. The Monash Absolute Investment Company (MA1) wants to restructure to an exchange traded managed fund (ETFMF) to re-set the market ...

Super remains grossly inequitable: Per Capita

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
Australia's superannuation system continues to produce grossly inequitable outcomes between the financial security of Australian men and women in retirement, according to research from Per Capita. The research, titled The Herstory of Superannuation ...

Banks to be questioned on COVID-19 response

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... COVID-19, the hearings will examine the four major banks' progress in implementing the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. "The committee will scrutinise the banks on ...

AMP does not treat advisers fairly: Poll

ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
... businesses in the financial planning industry have faced a great deal of turmoil in the aftermath of the Banking Royal Commission, with hundreds of planners bearing the brunt of brutal restructures and fire sales by banks and wealth funds," ombudsman ...