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Showing 401 - 410 of 1292 results for "Request"

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
IOOF has recorded an increase in funds under management, advice and administration of 3.4% to $202.3 billion while also increasing remediation provisions by $80 million. The wealth manager is expecting an underlying profit from continuing operations ...

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... automatically trades cryptocurrencies on the user's behalf, such as Bitcoin, Litecoin and StableCoin. "Some trading bots request permission to access your savings account to carry out the trade," ASIC explained. "Cryptocurrency trading bots may not ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... basis of the member's direct engagement with a financial adviser of their choice. "...in certain circumstances members can request NULIS to deduct amounts from their account to pay fees for their financial adviser," it explained. "The facilitation of ...

Super fund COVID-19 requirements to remain

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
APRA will review its Pandemic Data Collection (PDC) in September but will continue until the pandemic-related issues faced by superannuation funds have subsided, according to its recent frequently asked questions (FAQ) about PDC. The regulator published ...

US considers restricting ESG in pensions

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JUL 2020
The US Department of Labor (DOL) is considering imposing strict rules on how pension funds invest, which could see the scope for ethical and responsible investing limited. The DOL has proposed an amendment to the Employee Retirement Income Security ...

Class launches Xplan integration

ALLY SELBY  |  WEDNESDAY, 22 JUL 2020
Class has completed its integration with Iress' financial software solution Xplan, with the offering now available for new Class Super and Class Portfolio customers as a public pilot. The data feed will enable financial advisers and accountants to seamlessly ...

Former investment adviser charged with $85m fraud

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
The US Securities and Exchange Commission have charged a former registered investment adviser with fraud for his alleged role in a US$60 million Ponzi-like scheme. The SEC alleges that David Hu, the co-founder and chief investment officer of International ...

Billionaires targeted in Twitter bitcoin scam

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
Billionaires such as Elon Musk, Jeff Bezos and Bill Gates were among the household names that had their Twitter accounts hacked to promote a bitcoin scam. The official Twitter accounts of many notable people, including former President Barrack Obama ...

AMP advisers low priority for ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
Senator Deborah O'Neil has revealed she was told by ASIC that AMP's Buyer of Last Resort (BOLR) agreements being altered and subsequently slashing the value of advice businesses was not a priority for the regulator. In a letter to the chair of the Parliamentary ...

ME Bank chief resigns

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
... long-term execution to a new chief executive." His resignation will be effective from the end of July, at McPhee's request. The board has approved this. ME Bank chief financial officer Adam Crane will take on the role of acting chief executive while ...