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Showing 21 - 30 of 3527 results for "Law"

QIC promotes key private equity staff

ELIZABETH FRY  |  MONDAY, 19 AUG 2024
... from analyst to associate. Le Brocq has been with QIC since 2022. He previously worked as an analyst at Macfarlanes, a London law firm, where he advised on valuations and financial modelling for management incentive plans, carried interest, and commercial ...

Hostplus adds investment options, makes fee changes

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... will remove its trustee fee. Like many other funds, Hostplus introduced the trustee fee in 2022 following changes to super law. "The trustee fee currently forms part of your administration fees and costs (0.0165% p.a. of your account balance) and investment ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
RBC Capital Markets and BNY Mellon are among the firms that will collectively pay a whopping US$390 million ($589m) to the Securities and Exchange Commission (SEC) for recordkeeping failures. RBC Capital Markets will pay US$45 million ($68m) while BNY ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... accountability, consistency: where funds fall short of these expectations, ASIC will and must bring the full force and effect of the law."

Independent MPs call for super reforms

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... time, this measure will impact many more ordinary Australians, who have done nothing more than they are required to do under law in terms of meeting their superannuation payments. Leaving this legislation in limbo creates even more uncertainty." Spender ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... appropriate level of independence, rigour, and transparency in relation to United Super and BUSSQ's compliance with the law. "APRA expects trustees to have robust processes, policies and procedures in place to ensure they are upholding strong governance ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... committed to ending family, domestic, and sexual violence in one generation." He added that if there are deficiencies in the law, "we'll [the government] work to address them." Websters Lawyers senior associate and Super for Survivors co-founder ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
The founder and former chief executive of wealth management firm United Global Capital, Joel Hewish, has been slapped with a 10-year ban from providing financial services. Hewish, who is also prohibited from holding any role within a financial services ...

AFCA complaints surge in FY24

KARREN VERGARA  |  THURSDAY, 1 AUG 2024
The Australian Financial Complaints Authority (AFCA) received a record number of complaints in the 2024 financial year, jumping 9% to more than 105,000. Preliminary numbers show scam-related complaints drove the surge, together with motor vehicle insurance ...

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
The owner and financial adviser at Build Your Wealth has been banned from the industry for five years after ASIC found evidence of conflicts of interest. Christopher Edward Luff failed as a financial adviser, according to ASIC's investigation, particularly ...