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Showing 1501 - 1510 of 4013 results for "Accounts"

Perth adviser to face court

KANIKA SOOD  |  THURSDAY, 5 SEP 2019
A Perth financial adviser allegedly stole nearly $1 million from clients and transferred it to his online gambling accounts, according to the Western Australian Police Force (WAPF). The 38-year old adviser, who was not named but identified as a Yanchep ...

Chief economist update: Economy slows to decade low but still tops the pops

BENJAMIN ONG  |  THURSDAY, 5 SEP 2019
... and self-congratulatory remarks this time from Australia's Prime Minister and Treasurer for the Australian National Accounts show that it wasn't a "wonderful set of numbers". Instead, with economic growth slowing to 1.4% in the year to the June ...

Advice firm defrauds retired NFL players

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... Capital Group Advisors from October 2015 to March 2017. More than half of the retired players rolled over their NFL 401(k) accounts to invest in the hedge funds, the SEC said. According to the SEC, Reinhard, Howard and the firm advertised the funds would ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... Corporations Act has occurred and where the appropriate remediation action may require financial compensation," latest statutory accounts read. Overall, YBR made a net loss after tax of $37.39 million for FY19, the majority of which ($33.95m) came write ...

Members still lack group insurance awareness: MetLife

KRISTI CHENG  |  THURSDAY, 29 AUG 2019
... particularly as the Protect Your Super changes come into force. "With thousands of Australians with inactive and low balance accounts now having their insurance switched off and the potential for more people to be affected, it is more important than ...

Beware adviser conflicts of interest: Lonsec

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
Managed accounts have the potential to create significant conflicts of interest and conflicted remuneration for advisers. According to Rainmaker data, 29% of the investment platform market in Australia is in managed accounts already and that number ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... includes the proposed conduct accountability regime, single default account, advice fee deductions from superannuation accounts and anti-hawking prohibitions.

CFA exam results out, record participation

KRISTI CHENG  |  THURSDAY, 22 AUG 2019
... in the program has more than doubled over the past five years, according to CFA data. Worldwide, female candidates now accounts for 39% of candidates. In Level I, female participation in Australia - and other markets, including the UK - has reached or ...

Mainstream shelves super admin business

KARREN VERGARA  |  TUESDAY, 20 AUG 2019
... traditional client base of smaller funds, as well as the ATO assuming responsibility for the administration of low balance accounts from July 2019, Mainstream said. "As a consequence we lost a key superannuation client." The group reported a net loss ...

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... introduced by 30 June 2020, alongside action on the recommendation to halt advice fees from being deducted from MySuper accounts. The government also committed to reviewing measures implemented by government, regulators and financial services entities ...