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Showing 411 - 420 of 883 results for "SAR"

AFA Foundation supports thousands in need

JAMIE WILLIAMSON  |  WEDNESDAY, 22 SEP 2021
In the face of COVID-19, the AFA Foundation raised just shy of $40,000 in FY21, helping 13 charities in the process. Last financial year, the AFA Foundation received 23 applications for grants and selected nine recipients in addition to its four charity ...

Economic recap: Week to September 17

BENJAMIN ONG  |  MONDAY, 20 SEP 2021
Remember those Mao Zedong suits? The sartorial fashion that every man, woman and child in China wore (or were required to wear?) during Chinese chairman Mao's "Cultural Revolution" of 1966-1976? Those "uniforms" that comes in grey, navy blue or ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
The big four bank has been ordered by the Federal Court to pay $18.5 million for misleading fee disclosure statements in relation to personal financial advice, in what is the first penalty imposed by the court for such failures. The court found NAB ...

Elston hires head of philanthropic services

JAMIE WILLIAMSON  |  WEDNESDAY, 25 AUG 2021
The private wealth firm has welcomed a new head of philanthropic services, bringing 20 years' experience in similar roles. Susan Chenoweth has taken the role at Elston, joining from Australian Philanthropic Services where she served as head of the APS ...

RI Advice failed oversight obligations: Court

KARREN VERGARA  |  MONDAY, 2 AUG 2021
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment. The court said the licensee failed to take reasonable steps to ensure that its former ...

EQT hires for trustee and wealth

ANNABELLE DICKSON  |  FRIDAY, 30 JUL 2021
Equity Trustees has made two appointments to its Trustee and Wealth Services (TWS) team in response to increased demand. Kate Schell has joined as an adviser in the private client team and Amanda Sartor has been appointed as a senior relationship manager ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
Tidswell has surrendered its RSE licence to APRA, as it agrees to ASIC's allegations it contravened the Corporations Act in its work for startup super fund MobiSuper. In N ovember 2019, ASIC filed a case against MobiSuper, Andrew Richard Grover ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
The Federal Court will force BT Funds Management and Asgard Capital Management to pay $1.5 million each for charging fees for no service and making misleading statements. Between September 2014 and August 2017, the court found that the companies harmed ...

Significant drop in charitable giving

ELIZABETH MCARTHUR  |  FRIDAY, 9 JUL 2021
According to the inaugural JBWere NAB Charitable Giving Index, Australians are giving less - possibly due to the pandemic. The dramatic fall in giving led to an overall decrease in donations by 16% in the six months to December 2020, taking giving back ...

IOOF hires from AustralianSuper

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
AustralianSuper's head of product and pricing has made the jump to a new role at IOOF. Sarah Burley has commenced as chief member officer at IOOF Holdings. Burley had a 15-year career at AustralianSuper in roles including head of group strategy ...