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Showing 1561 - 1570 of 6264 results for "DET"

Three-month relief proposal gains traction

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
The relief that will allow financial advisers to sit the November examination regardless of their last sitting is closer to becoming official. The Financial Advisers Standards and Ethics Authority announced yesterday that the Corporations (Relevant ...

Netflix insider trading ring charged

ELIZABETH MCARTHUR  |  FRIDAY, 20 AUG 2021
In the US, the Securities and Exchange Commission has brought insider trading charges against three former Netflix employees. It alleges that the three employees generated more than US$3 million in profits by trading on confidential information about ...

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
The auditor of Halifax Investment Services have been slapped with criminal charges and will pay up to $40,000. In a first for Australia's audit sector, Robert James Evett and EC Audit (formerly Bentleys NSW Audit) have been convicted by the Commonwealth ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
APRA has issued guidance on how it will administer the Your Future, Your Super performance test for lifecycle MySuper options that make changes within the option or transition to a new option. The regulator has the power to make determinations on combining ...

Magellan profits dip

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
Magellan Financial Group reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63% and recent investments drew a loss of $41.8 million. MFG ended FY21 with $103.7 billion in average funds under ...

CBA to publicise misconduct

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
The Federal Court has imposed orders on Commonwealth Bank that require it to publish notices on its website and newsroom for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. CBA ...

RI Advice names Practice of the Year

ANNABELLE DICKSON  |  MONDAY, 16 AUG 2021
For the fifth year in a row, RI Advice awarded its Practice of the Year Award to Pride Advice. Pride Advice is the only multi-year award winner in the group's history and recognises its excellence, leadership and performance. "In an extremely competitive ...

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
The Compensation Scheme of Last Resort (CSLR) will lock out victims of financial misconduct or fraud who pursue court proceedings - something that is inherently unfair, according to law firm Maurice Blackburn. Maurice Blackburn principal lawyer Josh ...

Every super fund should cover every occupation: FSC

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
The Financial Services Council is consulting on solutions for group insurance cover for members working in hazardous occupations after stapling. FSC said if a MySuper product's default life insurance cover has occupations-based exclusions, a member ...

Super funds progress merger talks

JAMIE WILLIAMSON  |  THURSDAY, 12 AUG 2021
Two industry super funds have signed an agreement to explore a merger following a short period of discussion. Hostplus and Statewide Super have signed a Heads of Agreement, with a note on the former's website dated last week confirming the "important ...