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Showing 361 - 370 of 1133 results for "Representatives"

AustralianSuper, QIC back investment manager

JAMIE WILLIAMSON  |  THURSDAY, 6 FEB 2020
Representatives of AustralianSuper and QIC are set to join the board of a US investment manager following significant investments by both parties. Generate Capital, an investment and operating platform for distributed sustainable infrastructure, has ...

Corrupt adviser banned, AFSL canned

ALLY SELBY  |  TUESDAY, 4 FEB 2020
... regulator said it had cancelled the advisory business' AFS licence as it had failed to adequately monitor its representatives. "ASIC has also cancelled the AFS licence of Smart Solutions because the licensee failed to ensure that financial services were ...

NAB revamps superannuation trustee board

KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... September end. NAB first signaled the additions in NULIS chair Peter Promnitz's opening statement to the House of Representatives. "Our four new directors possess diverse and extensive experience in financial services, and I welcome them to the board," ...

ASIC confirms SMSF negative returns

ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
The Australian Securities and Investment Commission has told the House of Representatives Standing Committee on Economics that SMSF's below $200,000 have a negative return on assets. Providing the most recent data from the ATO, ASIC answered the question ...

FPA supports tightening insurance claims

ELIZABETH MCARTHUR  |  MONDAY, 13 JAN 2020
... requirements developed specifically for the handling and settling of insurance claims by insurers and insurer's representatives," the submission said. "The FPA recommends two clear disclosure and consumer advice warnings should be provided to consumers ...

IOOF identifies 67 high risk advisers

ELIZA BAVIN  |  FRIDAY, 10 JAN 2020
Embattled wealth manager IOOF has told the House of Representatives Standing Committee on Economics that it has identified 67 "higher risk" financial advisers within its business. The number comes as IOOF fronts the committee to answer questions previously ...

AMP to cull super trustee, five funds

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... trustee and five super funds. Responding to a question on notice from its November appearance before the House of Representatives Standing Committee on Economics, AMP revealed its simplified wealth management arm will see it aim to close superannuation ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... surveillance spurred concerns the licensee had inadequate supervision processes in place to ensure advice provided by its representatives was in the best interests of clients. It came after the number of advisers licenced by the group grew significantly ...

Dealer group boosts compliance team

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
... become much more demanding in the wake of the Hayne Royal Commission. Licensees have a duty to their authorised representatives to stay on top of the changes, and the only way to do that is to strengthen the compliance function," he said. "I'm really ...

Government fund appoints new chair

KANIKA SOOD  |  MONDAY, 16 DEC 2019
... currently considering the possibility of a merger which the latter's chief executive Pennisi told the House of Representatives Standing Committee on Economics, may result in a merger or a "some other arrangement ". Luke will start in the new role ...