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Showing 1191 - 1200 of 4167 results for "Action"

AMP Capital shutters dud fund, Naeimi departs

ELIZABETH MCARTHUR  |  THURSDAY, 29 APR 2021
... Capital as the reason for the fund shutdown, with returning capital to investors decided as the most pragmatic course of action. It is understood that falling assets under management meant fixed costs were likely to impact investor returns. The fund ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
Westpac has settled a class action relating to life insurance sold through its financial advice network. The class action was brought against Westpac Group by Shine Lawyers in 2017. It claimed that between 2011 and 2017, customers who received financial ...

ACSI launches new climate change policy

ELIZABETH MCARTHUR  |  MONDAY, 26 APR 2021
... members will constructively engage with companies, however, where a company fails to meet investor expectations, we will take action. Our members will not shy away from this responsibility." ACSI's expectations for companies on climate related risks ...

FPA launches file note guidance

ELIZABETH MCARTHUR  |  MONDAY, 26 APR 2021
The Financial Planning Association of Australia (FPA) has released new guidance on best practice for file notes. File notes are important as a risk management tool, especially in disputes between clients and financial advisers, and the FPA said recent ...

IOOF licensees to take remedial action

JAMIE WILLIAMSON  |  MONDAY, 26 APR 2021
IOOF will take remedial action to address deficiencies identified by ASIC within Bridges Financial Services and RI Advice Group. During surveillance in December 2020, ASIC found 15% of client files from Bridges and 17% of files from RI Advice contained ...

APRA releases draft climate change guidance

RACHEL ALEMBAKIS  |  FRIDAY, 23 APR 2021
... CEO of the Investor Group on Climate Change (IGCC) says the guide will "go a long way to consolidating the accelerating action across the financial sector to address the systemic financial risks created by climate change." "The draft APRA guidance sends ...

Chief economist: Of capital gains taxes, COVID-19 and climate change

BENJAMIN ONG  |  FRIDAY, 23 APR 2021
... two-day virtual summit with 40 other world leaders to address the earth's climate crisis and the need for immediate action to reverse its negative impact. The Australian Financial Review (AFR) cites a Swiss Re report reporting that "the effects of ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
... determination made by the Australian Financial Complaints Authority (AFCA) may also be referred. Details of any disciplinary action against an adviser by the FSCP may also be published on the ASIC Financial Adviser Register, including warnings, reprimands ...

Praemium FUA up, opens Edinburgh office

ANNABELLE DICKSON  |  THURSDAY, 15 APR 2021
... fintech and service excellence which sparked the opening of the office as Edinburgh is in "the thick of the pioneering action". "We had a hugely successful year last year, in which the platform in the UK and internationally grew assets by 32%," Sanderson ...

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
Maurice Blackburn's class action against MLC Nominees and NULIS Nominees has moved to the Federal Court, following a decision late last year. The class action brought by Maurice Blackburn against MLC Nominees and NULIS in January 2020 on behalf ...