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Showing 3491 - 3500 of 19578 results for "Ban"

AAT affirms SMSF adviser ban

JAMIE WILLIAMSON  |  WEDNESDAY, 11 NOV 2020
The Administrative Appeals Tribunal (AAT) has upheld a ban imposed by ASIC on an SMSF adviser who failed to disclose significant conflicts of interest. In December 2019, Wayne Blazejczyk was banned by the regulator for five years after he was found ...

NAB Asset Servicing signs up to Charles River

KANIKA SOOD  |  WEDNESDAY, 11 NOV 2020
NAB Asset Servicing has signed up to State-Street-owned Charles River Development for compliance monitoring, oversight and reporting. NAS will use Charles River Investment Management Solution (IMS) to help institutional clients monitor a broad range ...

InvestSMART adds to board

KANIKA SOOD  |  WEDNESDAY, 11 NOV 2020
ASX-listed InvestSMART Group has added a well-known financial commentator and editor to its board, which is chaired by Paul Clitheroe. Effie Zahos will join InvestSMART's board. She is currently editor-at-large at Canstar. Until last year she was ...

Crennan nabs new gig

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 NOV 2020
Former ASIC deputy chair Daniel Crennan has a new role with an advisory firm and boutique investment bank, which was named in an ASIC report in 2019. Crennan resigned from the corporate regulator just two weeks ago, following revelations that he was ...

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
Commonwealth Bank of Australia reported a decrease in cash profit down for the September quarter due to lower margins and higher expenses. The preliminary figures show cash profits down 16% to $1.8 billion on the same period in the previous year. The ...

Chief economist update: Letter V going viral in Australia

BENJAMIN ONG  |  WEDNESDAY, 11 NOV 2020
"Said the night wind to the little lamb, Do you see what I see?" The letter V is going viral in Australia (pardon the pun). It was most recently seen in the NAB Business Survey for October, underscored by the sharp rebound in business confidence and ...

Fintech hires in Australian expansion

ELIZABETH MCARTHUR  |  TUESDAY, 10 NOV 2020
A US-based fintech has appointed a head of international sales, who will be tasked with driving revenue growth in Australia and New Zealand. Jason O'Shaughnessy steps into the role at data aggregation and analytics for financial services provider Envestnet ...

BT reduces wholesale fees

ELIZA BAVIN  |  TUESDAY, 10 NOV 2020
... legislative changes will shortly take effect from 1 January 2021 which includes changes to the current exemption from the ban on conflicted remuneration and to the requirements imposed on product issuers in relation to ongoing advice fee arrangements," ...

Financial services complaints rise

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
Complaints made about financial services have almost doubled since last year, according to the Australian Financial Complaints Authority (AFCA). In its yearly report, AFCA revealed complaints had risen to 80,546 from 47,223, which is a 14% increase ...

Macquarie profits slide 32%

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
Macquarie Group reported $985 million in net profit for the six months ending September, 23% lower than the previous half and 32% lower than same period last year. "Recent months have been overshadowed by the profound human impact of COVID-19 global ...