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Showing 21 - 30 of 1377 results for %22April for May%22

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... remain agile regardless of whichever direction they will go. The rapid upward trajectory of interest rates - from 0.10% in April 2022 to today's 4.35% - has forced financial advisers to recalibrate how they advise clients. Economists remain divided ...

Penta Capital fined for fabricated FUM

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... Asset Management were authorised representatives of AFS Licensee Avalon Funds Management between 1 September 2022 and 19 April 2023. Avalon Funds Management is not the subject of the investigation, ASIC said.

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... Centric Super has just shy of 1000 accounts and $9 billion funds under administration. 4) Industry fund merger advances (April 21) In April, Mine Super and TWUSUPER signed a Heads of Agreement to merge, about five months on from confirming discussions ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... and others who claim to have suffered loss or damage because of the misconduct and who acquired AMP shares May 2012 and 13 April 2018. The overall settlement approved is $110 million. Of this, $32,000 will each be provided back to the two plaintiffs ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... separate reviews by ASIC over the years all found most retail clients lose money trading CFDs. For example, between March and April 2020, users lost over $774 million based on a sample of 13 CFD issuers. In October 2020, following the boom in retail ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... Insurance Services) (WLIS), a former Group subsidiary. Superannuation fund members alleged that between October 2017 to April 2023, BTFM and WSAL failed to adhere to several obligations owed as superannuation trustees and that WLIS was knowingly concerned ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... have been without principal and interest payments for more than three and a half years after ASIC set upon the business in April 2020 without interviewing Mr Mawhinney or requesting basic data to inform its investigation, including financial statements ...

AMP names super, investments lead

KARREN VERGARA  |  TUESDAY, 24 OCT 2023
... committee. Howes is currently a partner at KPMG's superannuation and actuarial practices, a role she's held since April 2022. Before that she spent more than seven years as the managing director of superannuation at BT Financial Group before ...

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... plaintiffs known as "Komlotex" and "Fernbrook" allege that this information was first revealed to the public on 16 and 17 April 2018 during the Royal Commission and the revelations caused a substantial decline in AMP's share price. The plaintiffs argue ...

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
... Victoria County Court yesterday. He will be eligible for parole after 6.5 years. Nugara, who was permanently banned by ASIC in April, stole $10,072,061.93 from 38 clients between 10 October 2014 and 9 January 2019. The hearings revealed that Nugara had ...