The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Search Results

Showing 21 - 30 of 94 results for "Westpoint"

ASIC reaches sixth Westpoint settlement

ASIC RELEASE | WEDNESDAY, 15 SEP 2010

ASIC has reached another Westpoint settlement, this time against Barzen Pty Ltd (formerly Dukes Financial Services) and Joseph Dukes for $1 million. The settlement is subject to the approval of the Federal Court. If approved by the court, the Dukes' ...

ASIC reaches $2.5m Westpoint settlement

COMPANY RELEASE | MONDAY, 28 JUN 2010

ASIC has successfully obtained court approval for a $2.5 million settlement on behalf of clients who invested in Westpoint products, following the advice of Glenhurst Corporation. It is one of five obtained by ASIC as part of its compensation proceedings ...

IMF settles with PIS on Westpoint

ASX RELEASE | MONDAY, 21 JUN 2010

Litigation firm, IMF Australia, has settled with Professional Investment Services (PIS) on behalf of a number of Westpoint investors. IMF announced the conditional settlement it has funded for certain Westpoint investors against PIS today. The terms ...

KPMG challenges ASIC on Constitutional powers

ASIC RELEASE | THURSDAY, 20 MAY 2010

KPMG is challenging the Australian Securities & Investments Commission (ASIC) regarding its case on behalf of Westpoint investors because it believes the regulator's case is unconstitutional. ASIC began action against KPMG on the basis that Section ...

Investors get more from Westpoint settlement

ASIC RELEASE | WEDNESDAY, 19 MAY 2010

Investors affected by the Westpoint collapse have scored another win after ASIC reached an agreement to settle its actions against Glenhurst Corporation and its insurer, QBE Insurance (Australia), for $2.5 million. The settlement is subject to the approval ...

Industry prepares for new advice era

MICHELLE BALTAZAR AND RUTH LIEW | TUESDAY, 27 APR 2010

... to reform the planning industry following the findings of the Ripoll Inquiry on the collapse of failed property group Westpoint and financial planning firm Storm Financial. Central to the reforms is the ban on conflicted remuneration, such as trail commissions ...

Director charged in Westpoint case

ASIC RELEASE | MONDAY, 29 MAR 2010

A director who dealt in Westpoint promissory notes has been placed on a good behaviour bond after pleading guilty to carrying on a financial services business without holding an AFSL. He was sentenced to six months imprisonment, with an order that he ...

Treasury proposes mandatory governance principles

MICHAEL HOBBS | TUESDAY, 9 MAR 2010

... Commission (ASIC) accepted enforceable undertakings from three partners of KPMG's Perth office for their auditing work on the Westpoint Group of companies in August last year. Although Treasury perceives the auditing industry in a positive light, it ...

Westpoint investors win $13.5m compensation

ASIC RELEASE | THURSDAY, 4 MAR 2010

ASIC has successfully obtained court approval of a $13.5-million settlement from State Trustees on behalf of Westpoint investors. The class action initiated by ASIC against Melbourne based trustee company, State Trustees, relates to investments made ...

LKM directors blocked from leaving Oz

ASIC RELEASE | WEDNESDAY, 27 JAN 2010

... joins a growing list of financial services providers that have failed their investors namely Astarra, Opes Prime and Westpoint.

PAGE:

Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

Videos

Brought to you by

The market has changed. The opportunity hasn't.

A guaranteed future

Strength amid noise

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

Maintaining a fundamental focus in a world obsessed with the short term

Follow the leaders

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE