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Showing 121 - 130 of 545 results for "Investigate"

ASIC dodges PGPA investigation questioning

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
At a hearing this morning, Senator Andrew Bragg called out ASIC chair Joe Longo after he opted not to answer questions about ASIC commissioners investigated under the Public Governance Performance and Accountability (PGPA) Act. Fronting the Senate Economics ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... as it failed to make clear to the customer it was concerned the lack of disclosure was fraudulent; failed to fully investigate the customer's explanation for the non-disclosure, including not speaking with the ANZ adviser; and failed to inform the customer ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
... obligation in relation to the transfer of member benefits, and OnePath Custodians must appoint an independent expert to investigate the root cause of its breach. These conditions partly supersede conditions placed on IOOF Investment Management in December ...

Andrew Hagger leaves Tattarang

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
After three years in the role, Andrew Hagger has stepped down as chief executive of Twiggy Forrest's Tattarang and the Minderoo Foundation. In an announcement late yesterday, the private investment group said Hagger has decided to transition out ...

No surprise advice industry fears ASIC: Panel

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... fairness, jurisdiction and speculation that AFCA is responsible for PI premiums going up. "I've taken it to heart to investigate this and I've spoken to all the brokers and underwriters in the area and that's not what they say, they describe ...

Ethical ETF popularity soars

RACHEL ALEMBAKIS  |  FRIDAY, 23 SEP 2022
Demand for ethical ETFs continues to surge, surpassing $8 billion, according to BetaShares. Total ethical ETFs listed on the ASX and Cboe are more than $8.5 billion, with BetaShares' range of ethical ETFs constituting nearly half, according to BetaShares ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... members had ceased their employment. While the institution remediated almost $700,000, the court found AMP didn't investigate whether it was a systemic issue or not, even though a significant number of complaints were received. "Put simply, the advice ...

Spirit Super consortium withdraws from port acquisition

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
... the Spirit Super Palisade Consortium that it continued to hold preliminary competition concerns needing more time to investigate and the Consortium subsequently decided to not proceed with the transaction. Earlier this year, the ACCC released a statement ...

Advisers receive guidance on rights under FSCP

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
ASIC has released guidance regarding the function of the Financial Services and Credit Panel, outlining the actions it may take and the rights of financial advisers who are subject to a hearing or disciplinary measure. In December, ASIC outlined the ...

ASIC obtains orders to freeze assets

ANDREW MCKEAN  |  TUESDAY, 28 JUN 2022
... from unlicensed conduct and the transfer of investor funds into crypto assets. ASIC concluded it will continue to investigate and take action against unlicensed financial services businesses with a focus on misconduct involving cryptocurrency.