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Showing 11 - 20 of 273 results for %22October ANZ%22

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
... fraudulent." ANZ joins National Australia Bank, which was ordered to pay $15 million in penalties for similar misconduct. In October 2020, the Federal Court found that NAB breached the National Consumer Credit Protection Act by using introducers who ...

Equity Trustees non-executive director retires

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
... I wish her well and all the best for the future," Schwartz said. O'Donnell's retirement will be effective from October. EQT will not be appointing a replacement, taking the board to a total of seven directors.

Federal Court rules against RI Advice in cybersecurity case

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... representatives between 2014 and 2020. During this period RI Advice was a subsidiary of ANZ before being acquired by IOOF in October 2017. In one such incident, an unknown malicious agent was able to access an authorised representative's server for more ...

Insignia loses self-employed advisers

KARREN VERGARA  |  THURSDAY, 27 JAN 2022
... books; of which 480 were classified as self-employed. The attrition was due to the reset of management fees introduced on 1 October 2021 which many self-employed advisers decided not to pursue. "The revised fee model removes historic subsidisation of ...

Foresters Financial appoints chief executive

KARREN VERGARA  |  MONDAY, 10 JAN 2022
... investment, funeral and insurance products with $390 million in funds under management. Sakellaris left Australian Unity in October 2020 after serving as executive general manager for over four years. Her career started at ANZ Wealth before moving to ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... more than 10% to $582. Among the few products called out for their cost - administration fees or total cost - as at 1 October 2021 were OneSuper's MySuper Passive Balanced, IOOF's MySuper option and Maritime Super's MySuper option. Meanwhile, some that ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
... of about $500,000 to 2508 members who did not have a linked plan adviser. Annual statements sent to these members until October 2019 represented that OnePath was entitled to the fees and the members were obliged to pay them, ASIC states. The regulator ...

Boutique creates distribution lead role

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
... oversee the Long Short Australian Equities Fund, which launched two months later. The fund has returned 45% in the year to October, beating its benchmark's 28%; it has about $52 million in funds under management.

ClearView recruits chief claims officer

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
... more than two years at Zurich/ANZ, starting as the head of claims for OnePath before becoming chief claims officer in October 2020 when the two firms merged. In total, Faglioni spent over 10 years at ANZ in senior claims roles prior to the merger. At ...

Harvey Kalman joins Raiz

ELIZABETH MCARTHUR  |  MONDAY, 25 OCT 2021
... Kalman was granted 200,000 unlisted options under the company's long term equity incentive plan. The options vest on 31 October 2024 and are exercisable at A$2.302 on or before 31 October 2026. Kalman holds office as a director until the next annual ...