Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 340 results for "Victims"

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... amendments which would at least include MIS's in the CSLR hadn't been included in the Bill. "For example, most of the victims of the Sterling Group collapse would not be covered under the proposed scheme," Abood said. "This is also the case for ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... involving Commonwealth Financial Planning and Storm Financial to occur." "This would be an incredible disappointment to the victims of financial advice scandals who gave evidence to the Royal Commission," Kirkland said. "The review's proposals to weaken ...

FICAP raises over $120k for charity

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
... children and young people effected by the criminal justice system. "Children with a parent in prison are the invisible victims of crime. They experience significant psychological and emotional trauma, isolation, bullying, poverty, homelessness and fragmentation ...

CSLR establishment is critical: FPA

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
... AFCA manages. "This makes it clear that the CSLR must extend across AFCA's remit to achieve its aims of ensuring that victims of financial misconduct can be compensated where the firm involved has become insolvent." Abood also highlighted the importance ...

Office for Women combats financial abuse

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
... to be a conservative estimate of the prevalence of financial abuse in Australia." "In particular, the number of female victims is expected to be affected by traditional gender norms associated with the handling of household finances - which may mean ...

Melissa Caddick's multimillion dollar mansion to hit the market

CASSANDRA BALDINI  |  FRIDAY, 1 JUL 2022
The liquidators in charge of recovering money on behalf of Melissa Caddick's victims are hoping to sell the house in the coming weeks. Principal of Sydney Sotheby's International Realty Michael Pallier has been picked by Jones Partners to sell ...

Retirement Income Covenant a win for advisers - but for how long?

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... retirement products by super funds and simplifies the decision-making process for retiring members, Dunnin says the real victims could be financial advisers. "If this comes to pass and setting up retirement products is easier because retirement products ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... case once again demonstrates that even the most sophisticated institutional investors, like pension funds, can become victims of wrongdoing. Unfortunately, we've seen a recent string of cases in which derivatives and complex products have harmed ...

Macquarie responds to term deposit scam

CHLOE WALKER  |  THURSDAY, 28 APR 2022
... increase in scams and fraud in recent years, and unfortunately the impact of these scams can be absolutely devastating for victims like Ms Du Preez." Macquarie also said it is in contact with the woman's banks to help recover the funds, despite not actually ...

Caddick's husband chases payday

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
... continuing to pursue a stake of the wealth Caddick dishonestly amassed - despite ASIC attempting to claw back funds for victims. Anthony Koletti has been married to Caddick since 2013. He is now staking a claim on the pool of marital assets - including ...