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Showing 1441 - 1450 of 28236 results for "NOT"

Former Sydney adviser sentenced to three years

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... consent to his withdrawal of the ad hoc fees. However, ASIC found Valvo's clients had no knowledge of the ad hoc fees, did not sign the forms and did not consent to the withdrawal of the fees from their accounts. Valvo also charged the majority of these ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... corporate watchdog alleges these statements were false or misleading as the policy terms applicable held by the policyholders did not exclude their medical conditions and they were entitled to a benefit payment. Following an assurance review, Zurich ...

Productivity Commission identifies priority reform areas

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... now at its lowest ebb in 60 years," PC chair Danielle Wood said. "Productivity growth isn't about working harder. And it's not just about having more 'stuff'. It means making the most of what we have - the skills and experience of our workforce, new ...

Cointree hit with AUSTRAC fine

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... to submit suspicious matter reports (SMRs) to AUSTRAC on time. The action comes after Cointree voluntarily disclosed it had not met the reporting timeframes required by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). ...

Super funds covet more global equities: Research

KARREN VERGARA  |  MONDAY, 19 MAY 2025
Superannuation funds substantially upped holdings in global equities but scaled back on cash, as well as local fixed income and equities in the second half of 2024, new analysis from J.P. Morgan shows. The latest Super Fund Manager Radar note shows ...

Tariffs were never the answer: Experts

JAMIE WILLIAMSON  |  MONDAY, 19 MAY 2025
... said trade tariffs were never the answer to the challenges facing the US. "In this context, the challenge America faces is not bilateral trade balances - sure, there are trade issues with China in terms of IP being stolen, not following all the World ...

RBA cut expected, but then what?

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
... the official cash rate down to 3.85%. However, Commonwealth Bank (CBA) head of Australian economics Gareth Aird said he is not expecting any forward guidance from the central bank. "We expect the RBA to leave the door ajar for a follow-up July rate cut ...

Relaxed superannuation preservation rules will sink returns: Frontier

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
A Frontier report, commissioned by the Super Members Council, has argued that current preservation rules provide super funds with the flexibility to invest in unlisted assets, and warned that permanently relaxing these rules will decrease long-term ...

Former adviser accused of theft loses lengthy extradition fight

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025
... her licensee at the time, Ballast Financial Management, and clients into believing she had invested the money when she had not. Pearson was an authorised representative of Ballast between November 2007 and October 2013. At the time, Colisa traded as ...

Inside Colonial First State's fund manager selection overhaul

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
... as a "critical element" albeit the usual disclaimer that past results don't guarantee future ones. The firm considers not just the returns themselves, but the insights they illuminate about a manager's reaction and behaviour across different ...