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Showing 2391 - 2400 of 10119 results for "Financial services"

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... Your Super) Bill 2021 is the culmination of about three years' work of the Productivity Commission and financial services Royal Commission attempting to address "structural flaws in the superannuation system", the explanatory memorandum reads. The ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... misleading statements and engaged in deceptive conduct on over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of interest on business overdraft accounts substantially higher than what customers ...

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... scheduled for October this year. "DDOs are commencing on 5 October 2021 and represent a real step-change in financial services regulation," Hughes said. "You should be well underway in considering how best to approach implementing DDOs for your products ...

Iress hires head of corporate development

KANIKA SOOD  |  TUESDAY, 16 FEB 2021
... participants, and to promote innovation. "I have been impressed with Warwick's ability to garner the support of the financial services industry and am pleased to secure his expertise in realising this significant opportunity." Angus previously spent ...

SMSFs primed for best financial interests duty

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
... already for trustees to act in their own financial best interest," Burgess said. The Minister for Superannuation, Financial Services and the Digital Economy Jane Hume briefly addressed the conference, saying that SMSFs are an integral part of the superannuation ...

Statewide warns of cold calls to members

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
Statewide Super has warned community members about financial services organisations making unsolicited phone calls, offering high-cost financial advice and unrealistic return promises. The caution comes after one of its long-term members received an ...

Financial services sees improved mental health

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
Despite the trials and tribulations brought on by COVID-19, those working in the financial services industry overall saw an increase in mental health, according to SuperFriend. The financial and insurance services industries climbed from sixth place ...

MMC acquires super fund administrator

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... Connellan was named the general manager of client services. Adam Somerville recently re-joined IFAA as manager of financial services. For SCS, Karen Waldon-White was appointed chief executive in mid-2020 after serving as general manager for over six ...

Hume slams superannuation circus

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... industry bodies, which she says is the most "frustrating" part of her job. The Minister for Superannuation, Financial Services and the Digital Economy expressed her exasperation with the super industry's defiance in improving and modernising the ...

ASIC suspends RE licence

KARREN VERGARA  |  MONDAY, 8 FEB 2021
... and mortgage fund for breaching several compliance and reporting obligations. The licence of Queensland-based financial services provider Investors Exchange Limited (IEL) has been suspended for six weeks, effective January 15. IEL is the responsible ...