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Showing 2631 - 2640 of 6512 results for "Jul"

Sales director moves from Legg Mason

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
A former sales director at Legg Mason has moved to an Australian-based global fund manager with more than $105 billion under management. Joining IFM Investors as an associate director in treasury services, debt investments is Justin Nunan. IFM said ...

New chair, deputy chair for industry fund

JAMIE WILLIAMSON  |  WEDNESDAY, 18 APR 2018
A $13 billion industry superannuation fund is welcoming a new chair and deputy chair. Cate Wood has stepped down as chair of CareSuper, with deputy chair Terence Wetherall promoted to lead the board, having served as an employer director since 2015. ...

Westpac paid out $200m annually in conflicted remuneration

DARREN SNYDER  |  TUESDAY, 17 APR 2018
In statements to the Royal Commission, Westpac noted it has paid out about $200 million in payments each year since 2013 that constitute conflicted - albeit permitted - remuneration. BT Financial Advice national head Michael Wright provided a statement ...

Banks put revenue above quality advice: FSU

ALEX BURKE  |  MONDAY, 16 APR 2018
Following today's round of hearings for the Royal Commission, the Finance Sector Union of Australia (FSU) noted that "banks had better systems in place to track incoming revenue than to make sure customers had been given the ongoing advice they were ...

AMP's buyer of last resort measures scrutinised

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP has admitted that its Buyer of Last Resort measures, up until June 2017, were designed to incentivise financial advisers to show preference for its in-house platforms. Giving evidence on the first day of the Royal Commission's inquiry into financial ...

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In its three submissions to the Royal Commission, Commonwealth Bank has admitted to at least $118.5 million of fee for no service misconduct. Providing examples of misconduct by authorised representatives and financial advisers employed by CBA and related ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
ANZ issued a correction to its submissions to the Royal Commission over the weekend ahead of the next fortnight's hearings on financial advice. Senior Counsel Assisting Rowena Orr said the Royal Commission was provided with a correction by ANZ on Sunday ...

SMSFs investing restrictions unfair: Poll

KARREN VERGARA  |  MONDAY, 16 APR 2018
Self-managed super funds have been unfairly subjected to too much red tape, according to Financial Standard's latest survey. Last week's poll reveals more than half (51%) of readers believe SMSFs bear the brunt of numerous government restrictions and ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP has acknowledged hundreds of instances of misconduct in relation to the provision of financial advice between 1 January 2008 and 30 June 2015. In opening the Royal Commission's inquiry into financial advice today, Senior Counsel Assisting Rowena ...

Financial services data breaches recorded

HARRISON WORLEY  |  FRIDAY, 13 APR 2018
The Australian finance sector was responsible for 13% of notifiable data breaches reported to the Office of the Australian Information Commissioner in the first quarter of 2018. The OAIC Quarterly Statistics report outlined the top five industry sectors ...