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Showing 191 - 200 of 1369 results for "AFFECTED"

SMSF Association blasts 'highly questionable' ASFA research

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
... dramatically from one year to the next making liquidity management extremely difficult," Burgess said. "For those farmers affected, this could be devastating." ASFA declined to comment.

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... her clients would ever have been advised to invest in the IIOF, or have invested in it, and they would not have been affected by the collapse of the IIOF." The two-year ban prohibits Anderson from providing financial advice. It also prohibits her from ...

Macro environment trumps inflation for asset owners: Research

KARREN VERGARA  |  FRIDAY, 1 DEC 2023
... generation - with often divergent outcomes. "The disruption caused by elevated inflation and increased interest rates has affected equity and bond markets on a global scale, putting extra pressure on asset owners to reassess and adjust their strategies," ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... who were not employed by the trustee." The court recognised that OnePath expressed remorse by fully compensating the affected members, refunding the adviser service fees along with interest, and issuing letters of apology. OnePath was also ordered to ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... McEvoy, said the "contraventions in the present case were extremely serious. They were large in number, many clients were affected, large sums were involved, and they continued over a long period of time." "The community is entitled to expect that robust ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... small business owners' transaction and savings accounts. "AMP Bank's near-term performance will continue to be affected by current market conditions. Current market conditions indicate Net Interest Margin (NIM) of approximately 125bps for FY23 ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... AFCA reported that, since launching, it's worked with more than 16,500 victims of scams and more than 7500 people affected by natural disasters, excluding COVID-19. Further, it's helped more than 30,000 people experiencing financial difficulty ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... misconduct during the Royal Commission, alleged that AMP failed to disclose critical market information that could have affected the share price. This included charging fees to customers where such services were not rendered. The plaintiffs alleged this ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
More than $17.4 million has been made in compensation payments to retail clients affected by legal breaches by eight retail OTC derivative issuers, $13 million of which was paid by Binance alone. ASIC said the payments have been made to more than 2000 ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... financial advice industry and tax agents providing a tax (financial) advice service to retail clients. ASIC said it wrote to affected individuals and their AFSLs in October regarding the one-off update. "There is no cost to notify ASIC of whether a relevant ...