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Showing 2991 - 3000 of 6884 results for "Act2"

AMP defaulted members as smokers: Royal Commission

KARREN VERGARA  |  MONDAY, 17 SEP 2018
An AMP non-smoking superannuation fund member was charged excessive premiums of up to $72,000 after he was unknowingly defaulted as a smoker, the Royal Commission heard this morning. AMP group executive wealth solutions and chief customer officer Paul ...

Hagger to depart NAB

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
National Australia Bank has announced Andrew Hagger will leave the bank at the end of the month and will be replaced by Mike Baird. As part of a raft of changes to the institution's executive leadership team, Hagger - as chief customer officer of consumer ...

Dealer groups lift due diligence post Dover

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
The sudden closure of Dover Financial Advisers saw a mad scramble by authorised representatives to secure alternative licensing arrangements. Hundreds were successful in doing so before the July 6 deadline, but latest ASIC Financial Adviser Register ...

Suncorp charged super members incorrect fees

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
The retail superannuation master trust charged incorrect fees to some of its members in the Suncorp Employee Super and Brighter Super funds and is working on remediating clients. Suncorp charged an incorrect investment fee to its members who joined ...

Former Westpac adviser ban upheld

KARREN VERGARA  |  FRIDAY, 14 SEP 2018
ASIC's banning of a former Westpac financial adviser has been upheld by the Administrative Appeals Tribunal. Last July, the corporate regulator banned Jason Atkins from providing financial services for three years. Perth-based Atkins provided advice ...

BTFG faces possible union action

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
The Finance Sector Union is planning urgent workplace meetings and teleconferences with BT Financial Advice employees impacted by a planned restructure of BT Financial Group's advice offering. Last week BT Financial Group told Financial Standard ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
The sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times. The figure has ballooned from the 278,664 originally reported to the Commission, according ...

Industry funds launch account matching initiative

KARREN VERGARA  |  MONDAY, 10 SEP 2018
Several industry superannuation funds are teaming up to consolidate multiple accounts estimated to save members $100 million per year. The cross-fund matching initiative will see 18 industry funds consolidate 500,000 low balance, inactive accounts. ...

Evans Dixon buys Fort Street Advisers

KANIKA SOOD  |  MONDAY, 10 SEP 2018
The ASX-listed financial services company has acquired Fort Street Advisers and will merge it with its capital markets business to create a corporate and institutional business. Evans Dixon will also ramp up its stake in the $730 million Fort Street ...

Link expands in Europe

HARRISON WORLEY  |  FRIDAY, 7 SEP 2018
A Link Fund Solutions third-party was granted a license to act as a UCITS Management Company and Authorised Alternative Investment Fund Manager by Luxembourg's financial sector regulator. The Commission de Surveillance du Secteur Financier (CSSF) awarded ...