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Showing 441 - 450 of 4124 results for "Conduct"

Rest calls for removal of minimum work hours for super

ELIZA BAVIN  |  MONDAY, 13 MAY 2024
Rest has urged the Australian government to remove the minimum hours rule for the superannuation guarantee to apply. Research conducted for Rest by CRNRSTONE found 82% of Australians think the law should be changed so that Australian workers - many ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... chances of recovery. Although there is no current evidence suggesting Prakash is a flight risk, the severity of the alleged conduct, including possible criminal charges, and Prakash's pivotal role in ASIC's investigation, make urgent ex parte orders ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... Financial Advisers Register varied from weekly to annually or were ad-hoc. "Trustees must be vigilant, as advisers with poor conduct, including those using cold calling operators, may move rapidly between licensees. Better practices focused on maintaining ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
UniSuper has commenced the restoration of its services, as APRA confirms it is monitoring the situation which arose when the fund's private cloud was inadvertently deleted. In a brief statement to Financial Standard, APRA said it is "aware of the ...

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... that JPMSAL's failure to identify its client's trading as suspicious was "careless", that JPMSAL should have detected the conduct, and should have acted more expeditiously when alerted to it by ASIC. JPMSAL has complied with the infringement notice and ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
Perpetual has agreed to divest its wealth management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. The net proceeds ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... result of inappropriate investments, fees, and charges. "The small subset of financial advisers benefitting from this conduct threaten to undermine the reputation of the rest of the industry," he said. "Deterring cold calling for superannuation switching ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
The superannuation performance test has several shortcomings that must be addressed in Treasury's latest round of consultation so it is fair and sustainable, the Actuaries Institute Summit heard. Mercer associate Kieran Chu said while the Your Future ...

Asset managers prioritising product quality: Northern Trust

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
Investment managers are focused on the quality and accuracy of their products to enhance the investor experience and growing their distribution in the next two years, according to a recent survey of 300 global asset management firms conducted by WBR ...

Adviser fakes exam certificate, cops ASIC ban

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... employed at NAB as a business development manager, according to her LinkedIn profile. ASIC said Baaini engaged in "dishonest conduct and failed to act with integrity and sound judgment" and was "not a fit and proper person" with respect to working as ...