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Showing 121 - 130 of 724 results for "Automatic"

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Five AMP companies will pay $14.5 million for charging close to 1500 superannuation members fees for no service over the course of about three years. The Federal Court handed the fine to AMP Superannuation, AMP Financial Planning, Charter Financial ...

Superhero launches auto-invest capability

JAMIE WILLIAMSON  |  MONDAY, 12 SEP 2022
... platform and also introduced a new investment discovery experience for users. From today, Superhero users can schedule automatic buy orders to have a recurring order for any share or ETF available on Superhero, either Australian or US. The new feature ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... and manage risks. Features that may be unfair or inappropriate include bundling of securities with other services or automatic opt-in of clients to lending; no re-qualification or vetting of investors; and a fee split that is heavily skewed in the provider's ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... business and from controlling, whether alone or with others, an entity that operates a financial services business. The automatic ban follows Nesseim's conviction in May for engaging in dishonest conduct, for providing forged documents to ASIC and lying ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
Allianz Global Investors and three of its former portfolio managers have been charged by the US regulator over a multi-billion-dollar securities fraud sold to pension funds that went on for more than four years. The Securities and Exchange Commission ...

GuildSuper overhauls MyMix option

JAMIE WILLIAMSON  |  TUESDAY, 10 MAY 2022
After receiving member feedback that its MyMix investment menu needed to be simplified, GuildSuper has done just that - closing five of its investment options and updating fees. From June 14, GuildSuper will permanently close the high growth, conservative ...

COVID-19 financial advice relief to be repealed

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... financial advisers being afforded additional time to give clients a time-critical Statement of Advice. The decision for the automatic repeal followed targeted industry consultation and feedback undertaken by ASIC. Based on its findings, ASIC didn't consider ...

Border rule-breaking former adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 5 APR 2022
Mark Babbage, the financial adviser who was jailed last year for breaching Western Australia's tough border restrictions to attend the AFL Grand Final, has been banned from providing advice for 10 years. Babbage was arrested by Western Australia police ...

Cash bonus and fuel excise cut

TOM WATSON  |  TUESDAY, 29 MAR 2022
With everything from the price of petrol and groceries to rent and childcare seemingly on the rise, the federal government has sought to target cost of living concerns in its 2022-23 budget with a number of temporary spending measures. For starters ...

Government vows support for SMEs, self-funded retirees

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
Small business owners and self-funded retirees will get a boost out of the upcoming Federal Budget, with the government pledging to lower uplift rates, digitalise trust income reporting and improving the pay-as-you-go (PAYG) system. Announced yesterday ...