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Showing 1531 - 1540 of 6177 results for "Statement"

Industry veteran arrested

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... material and was granted strict conditional bail. Mercantile Investments, where Brierley serves as a director, released a statement to the ASX saying that it is aware of the press coverage in relation to his arrest. "At this stage the company is not ...

AMPFP ceases MDA services

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... acceptable to it, and AMPFP ceased providing MDA services in accordance with its licence conditions," ASIC said in a statement. AMPFP ceased providing MDAs on December 10. In August this year, Financial Standard reported that the licence conditions on ...

ASIC drags NAB to court for fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... as a "systematic failure" by the regulator. "When the fees-for-no-service misconduct is coupled with fee disclosure statement inadequacies or failings, customers are potentially placed in a more disadvantageous position," Crennan said. "The customer ...

Responsible entity declares insolvency

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
The responsible entity for the Australian Corporate Bond Trust has placed itself into voluntary administration. Theta Asset Management has appointed Worrells Solvency and Forensic Accountants as administrators of itself and Value Stream Investment Management. ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... governance in recent years, including through its self-assessment," APRA said. APRA deputy chair John Lonsdale said AUSTRAC's statement of claim in relation to Westpac contains serious allegations that question the prudential standing of Australia's ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... its duty of good faith when communicating with policyholders whose policies had been avoided for non-disclosure." In a statement, TAL acknowledged the action and said it respected the role of the regulator. "TAL has received legal proceedings from ASIC ...

Super sector to dominate by 2034

ALLY SELBY  |  MONDAY, 16 DEC 2019
The superannuation industry will undergo profound changes that will see it grow to become a $7 trillion market ($4.8 trillion in today's dollars) by 2034. But it's not all good news for the retail sector. That's according to the latest report from actuary ...

Sam Henderson attempts to set record straight

ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
Former financial adviser and TV show host Sam Henderson has spoken out for the first time since his Royal Commission appearance and subsequent ASIC ban, taking to the XY Adviser podcast to describe the impact events of the last 18 months have had on ...

Wealth manager launches new platform

ELIZA BAVIN  |  THURSDAY, 12 DEC 2019
A Tasmania-based wealth manager has announced the launch of a new managed fund platform and appointed a custodian. MyState's wealth management business, TPT Wealth, has launched a new platform to provide managed fund investors with national digital ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... said the regulator would not disclose the specific license conditions that it had imposed on Avanteos. However in a statement, Avanteos' parent company CBA revealed the additional license conditions relate to the identification and implementation ...