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Showing 101 - 110 of 706 results for "Automatic"

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
The blind rush to consolidate that gripped the $3.4 trillion superannuation sector in recent times may be finally over, according to First Super chief executive Bill Watson. Instead of seeing big funds gobbling up smaller rivals, Watson expects more ...

BGL automates crypto trading

CASSANDRA BALDINI  |  TUESDAY, 4 OCT 2022
BGL has streamlined its cryptocurrency trading capabilities. The self-managed super fund (SMSF) administrator said its Simple Fund 360 and Simple Invest 360 solutions are now integrated with Digital Surge to automate cryptocurrency trading data. BGL ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Five AMP companies will pay $14.5 million for charging close to 1500 superannuation members fees for no service over the course of about three years. The Federal Court handed the fine to AMP Superannuation, AMP Financial Planning, Charter Financial ...

Superhero launches auto-invest capability

JAMIE WILLIAMSON  |  MONDAY, 12 SEP 2022
... platform and also introduced a new investment discovery experience for users. From today, Superhero users can schedule automatic buy orders to have a recurring order for any share or ETF available on Superhero, either Australian or US. The new feature ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... and manage risks. Features that may be unfair or inappropriate include bundling of securities with other services or automatic opt-in of clients to lending; no re-qualification or vetting of investors; and a fee split that is heavily skewed in the provider's ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... business and from controlling, whether alone or with others, an entity that operates a financial services business. The automatic ban follows Nesseim's conviction in May for engaging in dishonest conduct, for providing forged documents to ASIC and lying ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
Allianz Global Investors and three of its former portfolio managers have been charged by the US regulator over a multi-billion-dollar securities fraud sold to pension funds that went on for more than four years. The Securities and Exchange Commission ...

GuildSuper overhauls MyMix option

JAMIE WILLIAMSON  |  TUESDAY, 10 MAY 2022
After receiving member feedback that its MyMix investment menu needed to be simplified, GuildSuper has done just that - closing five of its investment options and updating fees. From June 14, GuildSuper will permanently close the high growth, conservative ...

COVID-19 financial advice relief to be repealed

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... financial advisers being afforded additional time to give clients a time-critical Statement of Advice. The decision for the automatic repeal followed targeted industry consultation and feedback undertaken by ASIC. Based on its findings, ASIC didn't consider ...

Border rule-breaking former adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 5 APR 2022
Mark Babbage, the financial adviser who was jailed last year for breaching Western Australia's tough border restrictions to attend the AFL Grand Final, has been banned from providing advice for 10 years. Babbage was arrested by Western Australia police ...