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Showing 2011 - 2020 of 4930 results for "MIS"

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
ASIC has commenced Federal Court action against Sargon-owned Tidswell Financial Services and the promoter of mobiSuper over breaches of best interest obligations. Filed with the South Australian Federal Court, the corporate regulator is taking action ...

ASIC freezes Sydney advisers' assets

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2019
The Australian Securities and Investments Commission have obtained consent orders and undertakings in the Supreme Court of NSW against QWL, QWL Asset Management and sole director Ross Hopkins. "ASIC commenced an investigation in relation to allegations ...

US reaches $1bn settlement over 1MDB scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 NOV 2019
The US Department of Justice has reached a settlement in its case against assets acquired by Low Taek Jho, also known as Jho Low, and his family. Jho Low allegedly misappropriated funds from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad ...

ASIC, MLC Nominees and NULIS in court

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
ASIC has commenced Federal Court action against MLC Nominees and NULIS today in regards to fees for no service, filing a statement of agreed facts and admissions. ASIC alleges NULIS and MLC (as the current and former superannuation trustees of NAB) ...

Adviser tampered with MySuper

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
A former Aon Hewitt adviser copped an ASIC ban after he was found to have stopped 331 Aon Master Trust default superannuation members from switching to the cheaper MySuper option. Thanh Huu Tran has been banned for two years as a result of the misconduct. ...

RI Advice faces ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
ASIC has filed a Federal Court action against RI Advice and one of its former financial advisers who was the subject of a case study during the Royal Commission. Commencing court action today, the corporate regulator has alleged RI Advice failed to ...

AustralianSuper adds former PwC partner to board

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
The $170 billion superannuation fund has appointed a former PricewaterhouseCoopers partner as a director to its board, after Don Russell moved to chair last month. Claire Keating has over 25 years of experience as a chartered accountant, specialising ...

Bravura acquires software firm

ELIZA BAVIN  |  TUESDAY, 29 OCT 2019
Bravura Solutions has acquired FinoComp for a total consideration of $25 million. FinoComp is an Australian software company that will add functionality to Bravura and bring new wealth management clients from the UK. "They provide software for data ...

Senior lawyer drags AMP to court

KANIKA SOOD  |  THURSDAY, 24 OCT 2019
A former AMP lawyer is claiming over $2 million from the company for unfair dismissal after she raised concerns about fee-for-no-services practices with its former top executives. Larissa Baker Cook was involved in AMP's legal preparation for the ...

AustralianSuper appoints group executives

KANIKA SOOD  |  WEDNESDAY, 23 OCT 2019
The $170 billion superannuation fund has announced two group executive appointments to newly created roles. Paul Schroder is taking the role of AustralianSuper's chief risk officer. He was most recently the group executive, strategy brand and reputation ...