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Showing 1211 - 1220 of 6076 results for "Commission"

Pershing convicted for client breaches

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
Pershing Securities Australia has become the first company in Australia to be criminally prosecuted over breaching client money obligations. The BNY Mellon subsidiary pleaded guilty in Sydney's Downing Centre Local Court and was ordered to pay a $40,000 ...

Alex Wade leaves AMP

JAMIE WILLIAMSON  |  THURSDAY, 6 AUG 2020
... doing so, he replaced Jack Regan who retired after an extended period of leave following his appearance at the Royal Commission. In October 2019 AMP combined its wealth management and banking units, creating AMP Australia and Wade was named chief executive. ...

GAM records $19bn in outflows

JAMIE WILLIAMSON  |  WEDNESDAY, 5 AUG 2020
... 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income. GAM has reported a pre-tax loss of $3.05 million compared to a profit of $3.21 million same time last year. It follows ...

Adviser salaries unchanged: Research

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... and non-financial performance metrics. Kaizen said the change in bonus structures could be attributed to the Royal Commission as firms are ensuring clients are serviced in a compliant manner mitigating risk and trying to make sure they stay on the right ...

Partners Group hires from GSFM

KANIKA SOOD  |  TUESDAY, 4 AUG 2020
... GSFM, reporting to its chief executive Damien McIntyre. "Significant industry change as a result of the Hayne Royal Commission along the more recent and ongoing impacts stemming from the COVID-19 pandemic, led us to undertake a comprehensive review of ...

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... Labor MP Andrew Leigh noted during the committee hearing that AMP's share price had slid dramatically since the Royal Commission. "You used to trade over $5, now you trade below $2," he said. Meanwhile, AMP Capital is facing an ongoing crisis of reputation ...

Cyber criminals jump on ERS

ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
... the Early Release of Superannuation (ERS) and JobKeeper schemes, according to the Australian Competition & Consumer Commission. ACCC chair Rod Simms told the joint committee on COVID-19 criminal activity and law enforcement that over 60% of COVID-19 ...

Invesco inks ESG plan

ANNABELLE DICKSON  |  MONDAY, 3 AUG 2020
Invesco is setting out its ESG framework in line with the Task Force on Climate-related Disclosures (TCFD) framework in its inaugural climate change report. The US$1 trillion fund manager signed the Statement of Support for the TCFD in March 2019, aiming ...

Another sentenced in ATO fraud

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
A man has been sentenced to over seven years in jail for his role as principal conspirator in a syndicate alleged to have defrauded the Commonwealth of more than $105 million over three years. Simon Anquetil pleaded guilty to charges of conspiring to ...

AIST pushes for policy reform

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... housing. In a statement sent to state governments, relevant department heads and the National COVID-19 Coordination Commission, the AIST identified a range of investment opportunities which it says would contribute to growth, jobs and productivity in ...