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Showing 1271 - 1280 of 4927 results for "MIS"

Westpac fined $1.5m for mis-selling insurance

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
The Federal Court has ordered Westpac to pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans, to customers who hadn't agreed to buy insurance policies. This penalty has come as a result of Westpac's ...

Boys' clubs cost companies: Study

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
A new study from Realindex has revealed that higher female executive participation improves company performance, while creating potential returns for investors. Based on a global data set of 2500 large cap companies in 30 countries, tracking performance ...

ASIC pushes super governance improvements

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
More than 20 super fund trustees have revised their internal policies after ASIC surveillance found significant deficiencies in their conflicts management arrangements relating to investment switching. ASIC's surveillance found a lack of oversight ...

YFYS changed how funds invest: JPMAM

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
A new report from J.P. Morgan Asset Management, based on interviews with super fund chief investment officers, has revealed the far-reaching impact of Your Future, Your Super reforms on super fund investment strategies. Most notably, the reforms seem ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
ASIC has started civil penalty proceedings in the Federal Court against Macquarie Bank Ltd over alleged failures to monitor third party withdrawals from customer accounts. The corporate watchdog said that limited monitoring by Macquarie of transactions ...

Tax, welfare reform on election agenda

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
Australian National University (ANU) has partnered with St Vincent de Paul Society on a new report highlighting reforms that could make the tax and welfare systems fairer ahead of the federal election. The report examines three options for helping families ...

Vanguard Personal Investor sees Delta boom

CHLOE WALKER  |  TUESDAY, 5 APR 2022
According to the firm's newly launched Investor Insights series, Vanguard's Personal Investor platform saw a64% increase in accounts who were depositing during the Delta lockdowns in 2021. The series provides observations dedicated to understanding ...

GAM loses insto mandate

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
The investment manager has disclosed the loss of a substantial institutional mandate and, in a separate matter, seen the details of a 2018 misconduct investigation aired by the UK regulator. Overnight GAM International announced an unnamed institutional ...

FSC announces new chief executive

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
Acting chief executive Blake Briggs has been appointed to the top job, following the completion of an executive search process. Briggs worked for the FSC for seven years before heading to Westpac in 2018. He returned to the industry body in 2020 as ...

Not enough Budget for women: Industry

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
Contrary to most other years, the superannuation industry has escaped unscathed from the Federal Budget, but not everyone is happy about it. Last night's Federal Budget saw no major changes to superannuation, with the Association of Superannuation Funds ...