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Showing 1381 - 1390 of 6076 results for "Commission"

Netwealth gains $9.5bn, reveals expansion plans

ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
Netwealth's funds under administration grew by $9.5 billion in the first half of 2020, as the platform reveals plans to expand its distribution team. Netwealth reported FUA of $28.5 billion, an increase of $9.5 billion and net inflows for 1H2020 of ...

Nowra man lies to ASIC, jailed

ELIZABETH MCARTHUR  |  MONDAY, 17 FEB 2020
A 73-year-old man from Nowra in New South Wales is facing two years imprisonment for giving false or misleading information to ASIC about shareholding. John Lindsay Merity was sentenced to a term of two years imprisonment, with a minimum of one year ...

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
... determinations have historically arisen. It names these as financial advice, investments and credit. Following the Royal Commission, the government committed to establishing the CSLR so as to ensure consumers and small businesses would receive compensation ...

Regulators praise super law reform

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have jointly welcomed the proposed legislative reforms increasing the role of ASIC in the superannuation industry. The proposed changes ...

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... billion and a 1% cash earnings growth compared to first quarter 2019. "Twelve months on from the conclusion of the Royal Commission, we remain focussed on building confidence and trust in our bank by addressing legacy issues where customers were treated ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... Group chief risk officer Jenny Fagg has resigned. Fagg joined AMP's leadership team in January 2018 ahead of the Royal Commission and will depart on April 3. AMP said Fagg leaves with the group's best wishes, having strengthened the group's risk management. ...

QSuper member drags board to court, loses

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... that Chapman's leaving the police force came after he sought a review of a decision from the Crime and Misconduct Commission which charged him with allegedly assaulting and injuring a youth. "QCAT made a declaration that if he had not resigned, he ...

AMP faces fresh class action

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
AMP is facing a fresh class action, as Shine Lawyers confirms it is investigating whether the firm's financial advisers breached their fiduciary and statutory duties to an estimated 100,000 clients. Shine Lawyers alleges the beleaguered firm failed ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... people being railroaded into keeping insurance which may have been useless," O'Halloran said. "As the Productivity Commission found the cost of insurance can set members retirement balances back by around $85,000. Super funds need to be very careful ...

Former licensee boss banned

JAMIE WILLIAMSON  |  TUESDAY, 11 FEB 2020
ASIC has said the former chief executive of Spectrum Wealth Advisers had a poor understanding of his obligations and failed to ensure advisers complied with the law, banning him over his involvement in the licensee's numerous failures. Mark Schroeder ...