Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 251 - 260 of 556 results for "Switch 2"

ASIC cancels AFSL, accepts EU

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
ASIC has accepted an enforceable undertaking from a Queensland financial planning business and cancelled its AFSL. The EU also means Breakaway Finance Group's sole director Mark Roberts will remove himself from the industry for at least two years. Following ...

ASIC successfully files injunction against Melbourne advice provider

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
A Melbourne financial services firm is prohibited from operating while proceedings brought by ASIC continue in the Federal Court. ASIC commenced proceedings against Financial Circle Pty Ltd in December 2017, alleging the business was offering loans ...

AustralianSuper embraces goals-based advice

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2018
... completely irrelevant to what those of the members actually are," Blackmore said. In a related blog post, Blackmore said the switch "will take AustralianSuper's offering from a basic reactive proposition to one that will proactively help, educate and ...

Big 4, AMP fork out massive compensation bill

KARREN VERGARA  |  MONDAY, 18 DEC 2017
AMP and the big four banks refunded customers $215.9 million for charging ongoing advice fees that failed to provide actual general or personal advice. ASIC said this was in addition to the fees-for-no-service compensation figures identified in Report ...

New CFO named for $20bn industry fund

ALEX BURKE  |  FRIDAY, 8 DEC 2017
A $20 billion public offer industry fund has appointed a new chief financial officer. Sam Horskins joins VicSuper from Guild Group, where he was chief financial officer for nearly 10 years. Before that, he held the same role at OAMPS Group, and was ...

Thinning trade surplus shaves A$

BENJAMIN ONG  |  FRIDAY, 8 DEC 2017
Financial markets expected Australia's trade surplus to narrow in October but not by this much. The Australian Bureau of Statistics'(ABS) 'International Trade in Goods and Services report showed that the country's trade surplus dropped to just A$105 ...

Link adds DB super fund to admin portfolio

DARREN SNYDER  |  THURSDAY, 7 DEC 2017
Superannuation administration giant Link Group will migrate a defined benefit fund to its aaspire platform in the New Year and the timely client win comes as other funds finalise admin tenders. Joining Link from next year will be defined benefit (DB) ...

Queensland adviser enters ASIC enforceable undertaking

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2017
ASIC accepted an enforceable undertaking from a Toowoomba financial adviser after he failed to act in the best interests of clients. Former Hart Ensole representative Dean Hartmann was found by the regulator to have failed to meet his obligations as ...

China's inflation lift indicates strong demand

BENJAMIN ONG  |  FRIDAY, 10 NOV 2017
Assessed in tandem with the previous day's report of a narrowing in China's international trade surplus in October, the latest update on the country's inflation indicates the central government's progress towards rebalancing the economy. China's CPI ...

The PI risks of goals-based advice

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2017
Financial advisers making the switch to goals-based advice must ensure they are adequately covered with professional indemnity insurance. That was the warning heeded by delegates at the inaugural Association of Goals Based Advice conference in Sydney ...