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Showing 3231 - 3240 of 14212 results for "Interest"

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
... making decisions. "It is a bit naive of the legislation to think that all decisions can be made in the best financial interest because so much happens in the operations of large, complex organisations, and trustees need to take other considerations into ...

Sunsuper, QSuper confirm merger will go ahead

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 15 MAR 2021
Sunsuper and QSuper will merge later this year, with the two funds naming the key executives and board directors to lead the $200 billion entity. The two funds have signed a Heads of Agreement to merge by September this year, a decision that is supported ...

Former AMP adviser in enforceable undertaking

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
The glamorous financial adviser wife of an ex-NRL player has been ordered to pay ASIC's legal costs and comply with its enforceable undertaking. Jenan Thorne - wife of former Canterbury Bulldogs player Robin Thorne - was prevented from providing financial ...

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
ASIC has permanently banned a Melbourne financial adviser for allegedly pressuring people into consolidating their superannuation for a fee. Nizi Bhandari has been banned from providing financial services permanently. He was an authorised representative ...

Ardea launches fund to European investors

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... the $6.9 billion Ardea Real Outcome Fund. Ardea said the fund is unique as it targets positive returns, independent of interest rate moves and general market volatility. Its returns are also "independent of the broader fixed income and equity market ...

Dodgy SMSF operator loses appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
The Tax Practitioners Board (TPB) decision to terminate a Perth tax practitioner has been upheld by the Administrative Appeals Tribunal. Ashley Cross was found to have falsely lodged 125 SMSF annual returns over nine years which declared that self-managed ...

Mawhinney not dishonest, just irresponsible: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
... release claimed. "Not one investor had filed a written complaint prior to ASIC's intervention in March 2020. All investor interest and redemptions were up to date at the time." Financial Standard has heard from several such investors, all of which seem ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
Services are popping up to assist consumers in getting refunds for fee for no service financial advice, junk insurance and other misconduct exposed by the Royal Commission - but they are doing it for a fee. Remediator is one such service, launching ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
The Federal Court yesterday made orders in ASIC's December 2019 case against TAL, which stems from a Royal Commission case study. The matter relates to a TAL income protection customer, who in January 2014 made a claim on her policy after being ...

Boutique buys back Montgomery stake

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
A global long/short equities boutique is branching out on its own, as it buys back Montgomery's stake in its business. Andrew Macken and Chris Demasi's Montaka Global Investments was established in 2015, with Roger Montgomery's Montgomery ...