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Showing 1541 - 1550 of 3264 results for "January 2014"

New investment consultant for $2bn industry fund

EMMA RAPAPORT  |  MONDAY, 27 NOV 2017
An industry super fund with $2 billion under management has ended its nine-year relationship with JANA, seeing in the New Year with a new primary investment consultant. AvSuper, winner of this years' SelectingSuper Consumer Choice award, appointed Frontier ...

HSBC cops historic fine for Lehman-linked failures

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2017
The Hong Kong branch of HSBC's private banking division was fined a record HK$400 million (AU$67 million) for material systemic failures in the lead up to the GFC. Hong Kong's Securities and Futures Appeals Tribunal upheld the Securities and Futures ...

C is the key

BENJAMIN ONG  |  WEDNESDAY, 22 NOV 2017
It's 21 days before the US Federal Reserve proclaims to the world that the fed funds rate is 25 basis points higher to 1.5%. Gauging from the CME FedWatch Tool, this is 91.5% certain. I don't think anybody can quibble with this. But one striking point ...

Vision Super names new life insurer

KARREN VERGARA  |  TUESDAY, 21 NOV 2017
Vision Super is welcoming a new life insurance provider from 1 January 2018. MLC Life Insurance will provide default life insurance cover to Vision Super's 10,000 member base for death, total and permanent disablement (TPD), and income protection. MLC ...

ASIC recoups $40m from NAB and ANZ

ALEX BURKE  |  TUESDAY, 21 NOV 2017
NAB and ANZ will pay ASIC $20 million each to cover investigation costs over the banks' participation in the setting of the bank bill swap rate (BBSW). On November 10, the Federal Court ruled that both banks had attempted to engage in "unconscionable ...

Advisers ambivalent on LIF deadline: Poll

KARREN VERGARA  |  MONDAY, 20 NOV 2017
With less than six weeks to go, financial advisers are still unclear about their obligations under the Life Insurance Framework reforms, Financial Standard's weekly spot poll shows. More than 40% of advisers who took part in the survey are unsure about ...

Powerwrap managing director departs

JAMIE WILLIAMSON  |  FRIDAY, 17 NOV 2017
The interim managing director of Powerwrap will leave the company at close of business today. Chris Brant, who is also leaving his board director role, has decided to step down following the appointment of a new, permanent chief executive. Brant assumed ...

AMP adds LIF resources as deadline looms

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2017
Advisers transitioning their business to meet the new requirements imposed by the Life Insurance Framework are being provided with additional resources by AMP. The institution boosted its LIF resource hub, adding a new series of video tutorials developed ...

Former adviser cops 10-year imprisonment

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2017
The former principal of Sherwin Financial Planners was sentenced to 10 years imprisonment for fraud. Bradley Thomas Sherwin was found guilty of 25 charges following an ASIC investigation arising from of the collapse of his financial planning business ...

Queensland adviser enters ASIC enforceable undertaking

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2017
ASIC accepted an enforceable undertaking from a Toowoomba financial adviser after he failed to act in the best interests of clients. Former Hart Ensole representative Dean Hartmann was found by the regulator to have failed to meet his obligations as ...