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Showing 1341 - 1350 of 6076 results for "Commission"

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... ensure we're meeting their evolving needs," MLC group executive, platforms, Darren Stevens said. During the Royal Commission, it was revealed that MLC's Master had charged $67 million in general advice fees to MLC's MasterKey Personal Super ...

Life insurers breach own code consistently

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
... management. "Today's report suggests that despite all the rhetoric and promises to do better before and after the Hayne Royal Commission, many insurers have treated their own code as a paper tiger and this casts doubt on the industry's ability to rebuild ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
Overseas fund managers are set to be exempt from requiring an Australian financial services licence for the purposes of convincing professional investors to become a client. Under ASIC's newly released foreign financial services provider regulatory ...

Florida fraudster swindles investors out of $60 million

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
... investors out of $60 million (US$39 million), and put the funds straight into his own pocket. The Securities and Exchange Commission has frozen assets and obtained other emergency relief against investment adviser Kinetic Investment Group and its managing ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... ASIC also recommended changes to the SIS Act for superannuation trustees, following the recommendations from the Royal Commission that advice fees from super choice accounts be renewed annually. The recommendation states that the deduction of any advice ...

Praemium rolls out investment tools, options

HARRISON WORLEY  |  TUESDAY, 10 MAR 2020
With ESG investing continuing to prove popular among investors, Praemium is taking steps to ensure financial advisers are able to meet demand. The platform has rolled out an "industry first" suite of ESG options, including new screening functionality ...

Banned advisers still working in advice: FPA

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... the advice industry. As part of the government's proposed legislation to implement the recommendations from the Royal Commission, a new protocol will apply to financial advisers which will require reference checks to be conducted. The FPA has released ...

Accountant convicted in fee no service scam

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
A Melbourne-based accountant has been sentenced in the County Court of Victoria after pleading guilty to two charges of making false or misleading statements. The court found Jason Cullen, an accountant employed by an accounting and financial advisory ...

Clime launches new SMA portfolios

ALLY SELBY  |  FRIDAY, 6 MAR 2020
... seeking professional financial advice. It's a big market; one that has changed dramatically following the Royal Commission, with consumers less likely to seek advice due to a breakdown in trust and an increase in fees. Clime got into the wealth advice ...

Westpac director heads for the exit

HARRISON WORLEY  |  FRIDAY, 6 MAR 2020
... confirmed the departure of director Anita Fung from its board. Fung was appointed to the board in the midst of the Royal Commission in July 2018, joining the bank's Asia Advisory Board and taking a role on the Bank's board risk and compliance committee. ...