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Showing 3091 - 3100 of 28255 results for "NOT"

Former adviser misled ASIC during investigation: Court

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... personal debts. Ridgway was permanently banned from working in financial services earlier this year after ASIC found that he "is not a fit and proper person" to do so; is not adequately trained or competent to provide financial services; and is likely ...

Citi broadens custody offering

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
Citi Securities Services has introduced capabilities to support dual-access exchange-traded funds (ETFs), affording investors the flexibility to access funds via an exchange or unlisted distribution channel. The global custodian now distinguishes itself ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... interest. ASIC has already accepted a court enforceable undertaking from Blumenthal and EverBlue. This means that he will not be involved in financial services for five years and will undertake training prior to re-entering the industry. "Under the terms ...

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... the equation, the association suggests. The FAAA said: "This is counter to the intent of achieving standardisation and will not reduce red tape. It will not relieve consumers from having to provide consent on multiple forms, where the client has more ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... members in Retirement Wrap were transferred to Asgard Independence Plan Division Two which, like the Panorama options, did not transfer to Mercer. 3) Retail super funds plan to merge (July 26) In July, Colonial First State's Avanteos Investments ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... to explain why they are rising, according to APRA and ASIC, warning that they will take regulatory action if practices do not improve. The regulators have reprimanded life insurers for poor practices relating to premium increases that have been on their ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... Melbourne-based law firm Mackay Chapman, told Financial Standard that SMSF auditors failed in their duties, and if they had not failed in those duties, his clients would not have suffered any loss. "Our role - acting only on behalf of the SMSFs, not ...

AustralianSuper in talks to extend administration services mandate

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
AustralianSuper has signed a memorandum of understanding (MoU) with Link Group to negotiate an extension to their core administration services partnership. Link Group's Retirement and Superannuation Solutions (RSS) business and AustralianSuper will ...

Woodford investors approve Link redress scheme

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... expects to make an initial payment of $381 million in Q1. Link Group added that it remains confident that if the approval is not granted and the settlement is terminated, all liabilities remain with Link Fund Solutions and Link Group is not obligated ...

Australian Retirement Trust selects chief executive

JAMIE WILLIAMSON  |  THURSDAY, 14 DEC 2023
... describing the appointment as an honour. "ART has been putting members' money to work both locally and globally, aiming not just for financial success but for a secure, confident, and dignified retirement for their 2.3 million members. I'm excited ...