Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1251 - 1260 of 7034 results for "December"

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... contravening conduct was not at the lower spectrum of seriousness..." Over the course of the action, which was commenced in December 2019, NAB did admit to several of the breaches. Responding to the outcome, NAB group executive, legal and commercial ...

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
... already at scale," Mota said. IOOF expects advice remediation to be "largely completed" by FY22, after accelerating to December this year. Its provision for advice remediation is $377.2 million at June 2021. "...Potentially, there might be some remaining ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... influence those decisions by providing financial product advice, must comply with the law designed to protect consumers." In December 2018, the Federal Court ruled that Westpac Securities and BT Funds Management had breached the Corporations Act when ...

SelfWealth reports 135% revenue increase

ELIZABETH MCARTHUR  |  FRIDAY, 20 AUG 2021
... Gross profit margin for the platform increased from 33.4% to 41.4% in the 2021 financial year. It launched US trading in December 2020 and reported that 29% of active traders using the platform had taken advantage of that offering within the first six ...

Frontier hires former Perpetual head of infrastructure

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
... spokesperson said. Frontier had a 27.3% share of the investment consulting assets in not-for-profit superannuation sector at December end, according to Rainmaker Information estimates. This makes it the second largest player in the space, behind JANA ...

SuperConcepts names CIO, CTO

KARREN VERGARA  |  TUESDAY, 17 AUG 2021
... and cybersecurity. He takes over the role that Grant Christensen held prior to his promotion to as chief executive in December 2020. Christensen was made permanent chief executive on July 1. Forbes manages the CTO team, which is currently developing ...

CBA to publicise misconduct

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
... to false or misleading representations and engaged in misleading and deceptive conduct over to 12,119 occasions from 1 December 2014 to 31 March 2018. The bank advised customers with certain credit facilities they would be charged a 16% interest rate ...

ASIC takes property development group to court

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
... and Paradise Property Group, are under the close watch of ASIC. ASIC alleges that between at least 1 March 2017 and 16 December 2020, they advised some 300 clients to establish self-managed superannuation funds and invest in property and developments ...

Super ASX dominance trends down: Research

JAMIE WILLIAMSON  |  TUESDAY, 10 AUG 2021
... behaviour..." BlackRock declined to comment on the inquiry, however a global perspective published by the investment giant in December 2020 argued that asset managers of scale offer value to investors, businesses and society by injecting capital into ...

Adrian Whittingham back full-time at Pinnacle

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... has shelved plans to go part-time and is back at the firm in a new role focused on its international strategy. PNI in December said Whittingham planned to step back from the business to a part-time role, with plans to become a non-executive director ...