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Showing 1351 - 1360 of 6076 results for "Commission"

Regulator clamps down on misleading ESG fund names

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
The US Securities and Exchange Commission is calling for public comment on how funds are named, in an effort to restrict the use of potentially misleading fund names. ESG, responsible and ethical funds are under the spotlight as the SEC seeks to protect ...

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
The government's plan to implement recommendations from the Royal Commission has been met with concern and criticism from financial advice industry groups. Both the Association of Financial Advisers and The Advisers Association have lashed out at ...

SuperConcepts names new chair

ELIZA BAVIN  |  TUESDAY, 3 MAR 2020
AMP's SuperConcepts has named a new chair, hiring from McPherson Super Consulting. Stuart Forsyth will take on the position, leaving his consultant role at McPherson Super Consulting. Prior to that, Forsyth was a non-executive director at SuperIQ and ...

Aussie at center of international scheme

ELIZA BAVIN  |  TUESDAY, 3 MAR 2020
An Australian has been named by the US Federal Trade Commission (FTC) as being at the center of a massive international business coaching scheme that "swindled" veterans and the elderly out of millions. Matthew Lloyd McPhee ran a scheme known as My ...

Colonial First State cuts fees, closes legacy options

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
... to CFS. FirstChoice Employer Super is closing legacy options (transferring them to other open options) and cutting commission payments. As a result, 18,300 members will get an average benefit of $85 a year. "However, a proportion of members will see ...

Fight for MySuper advice fees kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
... retain the ability to charge advice fees to MySuper members as the government implements recommendations from the Royal Commission. Draft legislation currently open for consultation would stop Australians paying for financial advice from their MySuper ...

Grattan calls for lower super fees

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... national gross domestic product - is higher than that paid by many other nations. The institute said the Productivity Commission's "best in show" system would ensure workers were defaulted into funds which performed well when it comes to fees and performance ...

ANZ Australia risk chief exits

JAMIE WILLIAMSON  |  FRIDAY, 28 FEB 2020
The chief risk officer that fronted the Royal Commission on behalf of ANZ Wealth has resigned from the bank. A spokesperson for ANZ has confirmed the resignation of Kylie Rixon, effective immediately. Rixon was chief risk officer of ANZ Wealth from ...

How to ensure clients will pay higher fees

ELIZABETH MCARTHUR  |  FRIDAY, 28 FEB 2020
As the cost of financial advice continues to rise, financial advisers are going to have to make some hard calls when it comes to who they can feasibly continue servicing. Association of Financial Advisers' general manager of policy and professionalism ...

Hollywood actor charged by SEC

ELIZA BAVIN  |  FRIDAY, 28 FEB 2020
The US Securities and Exchange Commission charged a prominent actor for failing to disclose payments he received for promoting an investment in a bitcoin offering. The SEC found Steven Seagal had not disclosed that he was promised $380,000 (US$250,000) ...