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Showing 1261 - 1270 of 12233 results for "ASI"

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
The Administrative Appeals Tribunal (AAT) has upheld ASIC's decision to permanently ban Sean Sweeney. In February 2023 ASIC banned Sweeney from providing any financial services, performing any function involved in the carrying on of a financial services ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
Treasurer Jim Chalmers handed down the Federal Budget last night, delivering its second consecutive surplus as well as a raft of measures to ease the cost-of-living crisis. Despite many of the measures presented in the Budget having been announced prior ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
The government will provide $17.3 million over four years to ASIC and APRA to combat greenwashing and other related financial misconduct and help further develop Australia's sustainable finance market. In a bid to promote the development of sustainable ...

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
Investment and financial advisers are coming together to pressure the federal government more than ever to make the profession more sustainable by being flexible in recognising more degrees, the Stockbrokers and Investment Advisers Association (SIAA) ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
A financial adviser, who worked at several major superannuation funds, has been permanently banned after he tried to persuade clients to transfer their retirement savings into a bank account he controlled. Effective May 10, Kudzanai Philip Dzawo of ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
ANZ has confirmed the Australian Securities and Investments Commission (ASIC) is investigating its execution of a 2023 bond issuance of 10-year Treasury Bonds by the Australian Office of Financial Management (AOFM). ANZ said it was appointed by the ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
The Financial Advice Association of Australia (FAAA) has called on the Federal government to better manage costs across the Compensation Scheme of Last Resort (CSLR) and implement a fairer ASIC funding levy for advisers. In its pre-budget submission ...

UniSuper restores online services, app

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2024
UniSuper's systems are back online, after close to two weeks of disruption following the deletion of its private cloud. In an update today, UniSuper chief executive Peter Chun said online services across the fund's website and app have been ...

Rahmani takes up post at Magellan

KARREN VERGARA  |  MONDAY, 13 MAY 2024
Sophia Rahmani officially took over as managing director of Magellan Asset Management as of today. As announced in February, Rahmani will step into the role of chief executive in 12 months' time. As managing director, Rahmani oversees all aspects ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
ASIC has instigated "urgent proceedings" in the Federal Court against Brisbane financial adviser Sunny Prakash and his many associated companies. The corporate regulator is investigating Prakash and his "related companies" - Principal Financial Services ...