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Showing 1871 - 1880 of 9740 results for "Major"

AAT refuses Allegra AFSL

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
The Administrative Appeals Tribunal (AAT) has refused the provision of an Australian financial services licence to Allegra Financial Services after it was initially rejected by ASIC. Allegra applied to ASIC for an AFSL in 2018 to provide personal financial ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... agreed to a court enforceable undertaking (CEU). The CEU requires Westpac to develop an integrated plan that incorporates all major risk governance remediation programs covering financial and non-financial risks and have independent assurance over the ...

Funds' net-zero ambitions collide with Santos

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
... in companies like Santos, Market Forces asset management campaigner Will van de Pol told Financial Standard. "Some of the major environmental issues the Narrabri project presents are impacts on the water table, including the great artesian basin which ...

Aussies lost money due to lack of advice

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
... were those on lower incomes, described as earning less than $1800 a week. In this group, 19% said the pandemic has had a major negative impact on their portfolios, compared with 10% of those earning more than $1800 a week citing a major impact. In terms ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
US-based Fidelity Investments has been caught up in a class action that alleges a major pension plan exposed members to risky, expensive actively-managed investments instead of allocating to safer passive options. The complaint, filed against Coca-Cola ...

New internal audit guide for finance sector

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... financial services. IIA's financial services committee, which developed the guide, includes senior audit executives from major organisations such as AMP's Nicola Rimmer-Hollyman, Westpac's Scott Kiernan, MLC Life's Jon Tyers and Macquarie ...

Former Cbus chief takes prime role at AMP Capital

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
... calibre into this interim role to help drive our transformation and deliver our strategy," De Ferarri said. "Having led three major superannuation funds in the Australian market, David brings a deep knowledge and understanding of clients and their expectations. ...

New fund to invest in AI companies

KANIKA SOOD  |  TUESDAY, 1 DEC 2020
... available, but the challenge many smaller AI firms face is commercialising ideas into a viable product or service. This as a major opportunity to leverage our strong partnerships, experience, and networks, and provide the expert support required to navigate ...

Mercer restructures fees, asset allocation

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
Mercer is introducing a series of changes to its default and lifecycle products, which includes slashing administration fees and simplifying fee structures. From 1 April 2021, Mercer Super Trust will drop two sets of headline admin fees. MySuper members ...

HSBC wealth lead lands chief executive role

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
HSBC's global chief executive of wealth and personal banking has scored the top job at a major financial services group. Charlie Nunn will become the group chief executive and executive director of Lloyds Banking Group, overseeing brands such as ...