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Showing 1711 - 1720 of 10705 results for "May 2011"

UK regulator flags big redress bill likely for Link

JAMIE WILLIAMSON  |  WEDNESDAY, 14 SEP 2022
The UK's Financial Conduct Authority (FCA) has approved Dye & Durham's takeover of Link Group, but the acquisition may be hindered by potential redress payments of more than $500 million over Link's involvement with the LF Woodford Equity Income Fund. ...

Charges laid against former BBY head of operations

CASSANDRA BALDINI  |  TUESDAY, 13 SEP 2022
Former BBY Limited head of operations Fiona Mae Bilton has been charged with three counts of dishonestly obtaining a financial advantage. Bilton was found to have deceived St George Bank on 115 separate occasions between June 2013 and May 2015. The ...

Legendary US adviser backs Lumiant

JAMIE WILLIAMSON  |  TUESDAY, 13 SEP 2022
Advice platform Lumiant has received backing from high-profile US financial adviser, investor and personal finance commentator Ric Edelman. While the size of the investment was not disclosed, the cash injection is expected to accelerate Lumiant's international ...

iExtend adds lead alliances role

JAMIE WILLIAMSON  |  MONDAY, 12 SEP 2022
iExtend has appointed a head of alliances, promoting one of its state distribution managers. Mark Stubbings has taken on the role, responsible for facilitating industry and association collaboration. Stubbings, who is well known in the advice industry ...

Rising number of active funds underperforming: SPIVA

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
Most active funds underperform in every reported category over longer-term horizons, according to the biannual S&P Indices Versus Active Funds (SPIVA) Australia Scorecard. However, although long-term performance statistics are poor, the SPIVA Australia ...

BFID no hindrance to helping vulnerable members: Panel

CHLOE WALKER  |  WEDNESDAY, 7 SEP 2022
More needs to be done to protect the super sector's most vulnerable members, with the Conference for Major Super Funds being told that doing so would be a breach of the best financial interest duty is a myth. AIST senior manager, policy David Haynes ...

Super wars not over: Swan

CHLOE WALKER  |  WEDNESDAY, 7 SEP 2022
Appearing on a panel at the Conference for Major Super Funds, Cbus chair Wayne Swan warned the industry has a fight on its hands when it comes to big structural reforms moving forward. "I was in the parliament when we started the Super Guarantee 30 ...

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
The final raft of legislative reform resulting from the Royal Commission will be introduced to parliament this week and consultation on the review of the Your Future, Your Super regime has commenced, minister for financial services Stephen Jones confirmed ...

RBA anticipated to lift the cash rate

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
According to Finder's RBA Cash Rate survey, 97% of economists and experts have forecast that the Reserve Bank of Australia (RBA) will increase the cash rate today. The survey found that almost two-thirds of respondents predicted a rise of 50 basis ...

ASIC extends binary options ban

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
ASIC has extended its product intervention order banning the issue and distribution of binary options to retail clients until 1 October 2031. Since coming into effect in May 2021, the ban has successfully prevented retail clients from losing money trading ...