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Showing 391 - 400 of 980 results for "SWA"

ASIC commences proceedings against Westpac

ALEX BURKE  |  WEDNESDAY, 6 APR 2016
ASIC has commenced legal proceedings against Westpac in the Federal Court in Melbourne for its role in setting the bank bill swap reference rate from 2010 to 2012. ASIC has alleged Westpac engaged in "unconscionable conduct and market manipulation" ...

Industry groups slam SEC plan to limit derivatives

WHITNEY FITZSIMMONS  |  THURSDAY, 31 MAR 2016
US industry groups have hit back at a proposal by the Securities and Exchange Commission (SEC) to try to limit investors' exposure to risk. In December Mary Jo White, the chair of the US corporate watchdog said a funds' use of certain instruments can ...

ANZ ready to fight ASIC over BBSW

MARK SMITH  |  MONDAY, 7 MAR 2016
ANZ has strongly rejected allegations of rate rigging by the Australian Securities and Investments Commission (ASIC). The regulator last week launched its legal case against the bank in the Federal Court in Melbourne for market manipulation of the bank ...

AZ NGA acquires third CBA practice

ALEX BURKE  |  FRIDAY, 4 MAR 2016
AZ Next Generation Advisory has acquired its third CBA-aligned practice. Wealthwise was established in 1986 by Jamie and Sheila Luxton, has $380 million in funds under advice and employs 32 staff, including 14 advisers, six paraplanners and nine client ...

ASIC cracks down on "independent" AFSLs

ALEX BURKE  |  THURSDAY, 3 MAR 2016
ASIC has requested that three Australian financial services licensees "remove or amend" claims about their independence. Wilson HTM, iSelect Life and Citywide Insurance Brokers and Financial Planners have complied with ASIC's request after the regulator ...

ClearView FUA hits $8bn

ALEX BURKE  |  WEDNESDAY, 24 FEB 2016
ClearView has announced its 2016 interim results, which show funds under advice have risen 9% to $8.1 billion. Operating net profit after tax for ClearView's advice business was down 63% on 1H15, which ClearView attributed to a "reallocation of part ...

Synchron debuts new risk advice solution

ALEX BURKE  |  TUESDAY, 9 FEB 2016
Synchron has revealed the prototype of the fixed term level life insurance product it has developed jointly with AIA Australia. Speaking at a media briefing in Sydney, Synchron director Don Trapnell said the idea came about after researching how life ...

China's green shoots

BENJAMIN ONG  |  THURSDAY, 14 JAN 2016
The Australian equity market's reaction to better-than-expected Chinese trade data shows just how dependent Ozland is on Beijing. The All Ordinaries index closed 1.2% in the green - the first rise after seven straight days of declines this year - after ...

Zurich appoints global life chief

ALEX BURKE  |  WEDNESDAY, 16 DEC 2015
Zurich has appointed a new chief executive, global life. Gary Shaughnessy has taken on the role having been chief executive of Zurich UK Life since June 2012. He also became Zurich's UK country head in 2014. Prior to Zurich, he was managing director ...

AZ NGA acquires seventh practice

ALEX BURKE  |  TUESDAY, 15 DEC 2015
AZ Next Generation Advisory has made its seventh acquisition, purchasing a Toowoomba-based practice. Part of the RI Advice Group, RI Toowoomba was established in 1992 and has $260 million in funds under advice. As with AZ NGA's previous acquisition ...