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| | | The Financial Services and Credit Panel reprimanded a financial adviser who inadequately assessed the consequences of rolling over superannuation and life insurance cover, labelled the panel's least serious disciplinary action yet. Keeping the adviser's ... |
| | | | Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ... |
| | | | ... the Finance Sector Union, which argues that on the back of the results, there should be no reason for it to continue to close branches, offshore jobs, and force staff to work in the office for half the time. The union recently lodged a dispute at the ... |
| | | | ... Considering the significant Muslim population in Australia, as highlighted by Australian Bureau of Statistics' figures of close to 800,000 people, there exists a vast addressable market for Sharia-compliant financial solutions. However, the uptake ... |
| | | | ASIC's latest action against Vanguard for allegations of greenwashing in a bond fund raises the question of whether the market regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month ... |
| | | | After just three months, the head of PGIM's Australia client group suddenly left the firm. PGIM has confirmed that Murray Brewer - who spent more than 14 years with T. Rowe Price - has departed the US$1.2 trillion investment manager. It is understood ... |
| | | | The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment. The regulatory body said it remains unsatisfied ... |
| | | | ... compliant with applicable rules and regulations in all the jurisdictions in which we operate. We pride ourselves on working in close collaboration with regulators to ensure consumer protection while also balancing the need for access for individual investors." ... |
| | | | Iress appointed two new leads for its Australia and New Zealand wealth businesses who will oversee client services and operations respectively. The ASX-listed firm named Amara Haqqani as its chief operating officer for wealth in Australia and New Zealand ... |
| | | | The Future Fund's search for a chief investment officer is over, having promoted a long-tenured investment veteran. Most recently serving as deputy chief investment officer, Ben Samild has been promoted. He assumes chief investment officer responsibilities ... |
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