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Showing 111 - 120 of 7544 results for %22June 2011%22

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... actual figures had dipped to between 8.01% and 8.51%. This pattern continued in a subsequent series of promotions through to June 2023, with the fund claiming an 8.53% return, despite the actual figures ranging from 7.90% to 8.23% Lastly, a webinar that ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... dated November 3, licensees will likely pay $2818 per adviser. "When ASIC published their estimates for the 2022-23 year, in June, the total cost recoveries for financial advisers providing personal advice to retail clients was estimated at $55.5 million," ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... due to its incorrect classification of retail clients as wholesale clients. This was paid in two tranches, first in May and June 2023 and then in September 2023. The further $4.3 million was paid to more than 1500 retail clients across the other seven ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
... super fund has disclosed its financial position in a statement, revealing total assets to be approximately $624 million as of June 30. Vanguard Super was launched in November of last year, and a key distinguishing feature of its products is their low ...

Base rate lifts to 4.35%

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... year-on-year basis. On a quarterly basis, however, inflation climbed 1.2% in the third quarter, outpacing the 0.8% increase in June. "The latest reading on CPI inflation indicates that while goods price inflation has eased further, the prices of many ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... large Australian companies from July 2024, with smaller businesses to follow in 2027-2028. As FS Sustainability reported in June, the proposal includes a three-year transitional period with regulator-only action against directors and reporting entities ...

AFCA consults on advice, MIS compensation

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... publish its final approach in late December or early 2024. The Compensation Scheme of Last Resort (CSLR) laws, which passed in June, entitles investors who have not received their determination amount, compensation of up to $150,000. It does not cover ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... delays in obtaining compensation or access to moneys to which they were found to be entitled," ASIC said. In the year to June 2023, TelstraSuper received only 33 AFCA complaints. Only six cases were resolved in favour of the super fund. ASIC deputy chair ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... trimmed by $169 million; these revisions will be disclosed in financial reports for the periods ending 31 December 2023 and 30 June 2024. In a recent statement to the ASX, Link explained that while the company considered its preliminary accounting treatment ...

Licensees flout breach reporting regime: ASIC

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
... situations regime two years on. Of the 16,836 reports ASIC received from financial services and credit licensees in the year to June 2023, 17% took over one year to identify and commence an investigation into an issue after it first occurred. About 250 ...