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Showing 2771 - 2780 of 19576 results for "Ban"

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
The regulator is taking Diversa Trustees to court over failing to maintain oversight of a now banned financial adviser. Diversa is the trustee for $1 billion Future Super, Mason Stevens Super, ING Super and MAP Master Super - later known as OneSuper ...

Economic recap: Week to October 8

BENJAMIN ONG  |  MONDAY, 11 OCT 2021
Combine economic stagnation and rising inflation and what do we get? We get stagflation -- the financial markets' fear du'jour. It had been nearly half a century ago when the global economy have had its last encounter with stagflation. he first ...

Suncorp names chief risk officer

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
Suncorp Group hired the former London-based IG Group chief commercial officer to take on its risk function. Bridget Messer is expected to commence as chief risk officer in Brisbane early next year after she relocates from the UK. Messer spent the last ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
The regulator claims Mayfair 101 entities should have to pay approximately $12 million in fines for misleading and deceptive conduct, but Mayfair founder James Mawhinney maintains there was no wrongdoing. ASIC is seeking $12 million in penalties from ...

Energy leads top stock picks: Morningstar

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
The energy sector remains the only undervalued area of the Australian equity market while consumer cyclical is the most overvalued, according to Morningstar. The research house's latest equity market outlook for Q4 2021 revealed Woodside Petroleum ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
The number of consumer complaints received in relation to the big four banks has fallen over the last financial year, the Australian Financial Complaints Authority (AFCA) said. Complaints about Westpac, ANZ, NAB and Commonwealth Bank fell 7% out of ...

Focus acquires sixth advice firm

KARREN VERGARA  |  WEDNESDAY, 6 OCT 2021
A Brisbane-based financial advice firm is the latest to join the Focus Financial Partners global network. MISSO Wealth Management is a self-licensed advice firm catering to high and ultra-high-net-worth clients. After signing a definitive agreement ...

Magellan cops $4bn drop

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
Magellan Financial Group recorded net outflows in its retail and institutional funds under management last quarter, bringing it back to June figures. The global equities strategy saw a $4 billion drop in FUM to $84 billion while infrastructure equities ...

Industry calls for expanded CSLR

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
Professional associations and consumer groups have banded together to lobby for a stronger compensation scheme of last resort ahead of its expected legislation in the coming weeks. The Financial Planning Association of Australia, Association of Financial ...

JANA makes senior appointment

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 OCT 2021
JANA has bolstered its not-for-profit division with a new appointment. Kevin Fernando joins JANA as client development director for NFP. Fernando was previously the founder and managing director of Mercury Associates, an independent NFP investment consultancy. ...