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Showing 1551 - 1560 of 3268 results for "January 29"

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 ...

SSGA sales head lands top job, successor named

DARREN SNYDER  |  TUESDAY, 14 NOV 2017
The head of managed fund sales at State Street Global Advisors in Australia is relocating to the US headquarters in Boston for a senior role. Starting in the new year, Amy Johnston will lead a sales team across the Americas servicing corporates, endowments ...

Life insurer definitions clashing: Regulators

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
The lack of common definitions among life insurers is making it difficult for regulators to investigate claims payout ratios and is setting back attempts to standardise definitions across the industry. The joint project between APRA and ASIC, which ...

ASIC remains firm on IFA definitions

DARREN SNYDER  |  TUESDAY, 14 NOV 2017
The Australian Securities and Investments Commission reaffirmed its position on terminology used to describe the independence of financial advisers. ASIC's latest update to Regulatory Guide 175 (RG 175) confirms that terms such as "independently owned" ...

Less liquidity to lessen risk

BENJAMIN ONG  |  TUESDAY, 14 NOV 2017
Fresh data out of China suggests that the central government and the central bank's efforts to reduce liquidity in the system are starting to have an impact. China's M2 money supply went up by 8.8% in the year to October after rising by 9.2% in the ...

Impact Investment Group names new CEO

KARREN VERGARA  |  MONDAY, 13 NOV 2017
Impact Investment Group appointed a former JBWere executive as its new chief executive after co-founder Chris Lock departed from the position in September. Daniel Madhavan will take the post in January 2018. He was most recently the founding chief executive ...

Taxing times

BENJAMIN ONG  |  MONDAY, 13 NOV 2017
It's beginning to look a lot like the Grinch will steal Christmas 2017 and investors would be happy just to get the two-front teeth in their hanged stockings. That's the feeling many an investor would get upon the reading the nasty news, exemplified ...