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Showing 441 - 450 of 815 results for "Renewa"

AFSLs show widespread non-compliance: ASIC

ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
AFS licensees are consistently failing to provide correct information about advice fees to clients and are potentially still charging fees long after ongoing fee arrangements have been terminated, ASIC has found. The report, Compliance with fee disclosure ...

ACSI, AFIC respond to Westpac scandal

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
The Australian Council of Superannuation Investors welcomed the announcement today that Brian Hartzer will step down as chief executive of Westpac. "The actions taken today reflect the seriousness of the incidents and the failure of the bank to meet ...

NAB accused of greenwashing

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
National Australia Bank has been accused in no uncertain terms of greenwashing. Activist group Market Forces said NAB's new climate policy, released as part of its latest Sustainability Report, is "little more than greenwash and a recipe for climate ...

ANZ profits hit by remediation, low rates

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
ANZ's full year profit fell 7% to $5.95 billion compared to last year, with the bank blaming record low interest rates, increased regulation and a rise in customer remediation costs. ANZ chief executive Shayne Elliott said: "This has been a challenging ...

Macquarie unveils green ambitions in New York

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
Macquarie Group is planning to develop a 20 gigawatt (GW) suite of renewable energy products through its Green Investment Group over the next five years. Revealed by chief executive Shemara Wikramanayake before fellow global business leaders at the ...

Foresight launches new wholesale fund

ELIZABETH MCARTHUR  |  TUESDAY, 10 SEP 2019
Global infrastructure and private equity manager Foresight has launched a new investment fund - its first foray into Australia's wholesale market. Tapping into the desire for green income, the Foresight Renewable Energy Income Fund will make loans of ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
Yellow Brick Road is expecting to compensate wealth clients close to $1 million for failing its fee disclosure statements obligations. During the 2019 financial year, the ASX-listed firm identified some advice clients with ongoing fee arrangements may ...

Macquarie Group raising $1bn

KANIKA SOOD  |  WEDNESDAY, 28 AUG 2019
Macquarie Group is raising $1 billion to chase new opportunities and maintain capital levels in light of ongoing regulatory change. Macquarie this morning announced a $1 billion non-underwritten institutional placement, which represents roughly 8.5 ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
Since the end of the Royal Commission, ASIC has been collecting information from platforms on the fees they charge and the financial advisers using them. In a letter obtained by Financial Standard, ASIC requested the names of every retail client who ...

Super fund names new chair

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
A $23 billion superannuation fund has welcomed a new chair as the incumbent moves to a deputy chair position. VicSuper announced Wayne Kayler-Thomson stepped into the new role, switching roles with Christine Stewart, who has been chair since early 2017. ...