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Showing 101 - 110 of 680 results for "Records"

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... trustees discretion in how they charge for advice provided to members and enable them to produce fit-for-purpose advice records that are more meaningful for consumers. Given that the government will still need to clarify the law to ensure super funds ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... members without insurance benefits had opted out. Although the firm in question claimed that locating and proving these records would be time-consuming and expensive, AFCA escalated the matter to ASIC and APRA. Another troubling discovery pertained to ...

Ascent Investment ordered into liquidation

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... further loans, ASIC said, and has substantial liabilities compared to its assets. Furthermore, Dunjey produced financial records that were inaccurate and incorrect. ASIC calculates that Ascent owed about $149 million to clients and held $4 million in ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... had $2.2 million in his account. He made $1.45 million in withdrawals and over the period made a total loss of $758,510. Records obtained by police from Ladbrokes and Sportsbet show that between June 2014 to March 2020, his total losses amounted to $4.42 ...

Former AMP adviser pleads guilty to dishonest conduct

KARREN VERGARA  |  MONDAY, 27 MAR 2023
... ASIC permanently banned Fong from working in advice on the grounds he engaged in dishonest conduct relating to client records and applications for financial products, and not leaving them in a better position after receiving his advice. ASIC added that ...

February exam records 67% pass rate

KARREN VERGARA  |  MONDAY, 27 MAR 2023
More than two thirds of the financial advisers that sat the mandatory exam passed the latest round. Releasing the latest results, ASIC announced that of the 192 candidates who sat the February exam, 128 passed. Sixty percent of them sat it for the first ...

First Super awards ESG mandate

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAR 2023
... behalf of 47,000 members. By prioritising companies with sound labour practices and screening out companies with poor records, the portfolio seeks to generate long-term returns while managing social factors risk. This bespoke strategy is designed to ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
Equity Trustees investors will receive an interim dividend of 49c a share after it reported a 12% increase in revenues for the first half, helped along by the acquisition of Australian Executor Trustees. EQT recorded $62.8 million in revenues, up 12.3% ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... Advice should be removed, to be replaced with a requirement for providers of personal retail advice to maintain complete records of the advice provided. They must also provide the written advice if requested by the client. Clients should also be asked ...

Adviser who faked signatures sentenced in court

CHLOE WALKER  |  MONDAY, 16 JAN 2023
... Interprac Financial Planning. In sentencing Nguyen, Magistrate Nitschke said: "It is a serious matter to falsify company records" and "the company records...must reflect accurately the truth of the situation." Magistrate Nitschke further stated that ...