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Showing 481 - 490 of 4161 results for "Action"

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
ASIC won its first Federal Court action in relation to breaches of design and distribution provisions against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
ASIC's regulation activity for the 2024 financial year is expected to slug financial advisers $48.39 million collectively as the annual levy does not appear to be reducing. Licensees that provide personal advice to retail clients on relevant financial ...

Future Super returns 10.1% to ethically minded members

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2024
... Group executive director of investments Sharon Davis said. "While politicians may equivocate from time to time on climate action markets continue to take a long-term view on the inevitability of the transition away from fossil fuels." Further, because ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... "Addressing the challenges faced by ASIC, and the broader challenges in Australia's financial system, requires strong action from the Australian government. It also requires ASIC's leadership to critically reflect on the evidence of ASIC's ...

Panel declares 'unacceptable circumstances' for Sequoia

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
The Takeovers Panel declared that rogue shareholders, which include Glennon Capital, seeking to gain control of Sequoia Financial Group were not transparent about their relationship and breached substantial shareholder laws. In an update to the ASX ...

ASIC calls out sloppy adviser data

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... ensure that the information recorded on the FAR about approved qualifications is correct and will consider enforcement action where necessary. This will be a key focus for ASIC in the lead up to 1 January 2026, when all advisers must comply with the ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
ASIC has cancelled the licence of Guildfords Funds Management and banned its managing director Robert Payne for their involvement in the collapse of Magnolia Capital Group. ASIC found "significant and systemic failures of oversight and compliance" upon ...

Four out of five workers to search for new jobs: Hays

ANDREW MCKEAN  |  WEDNESDAY, 26 JUN 2024
... For employers, the extremes of the past few years are stabilising, this leaves open the opportunity for the bold to take action now and gain the first mover's advantage." Hays went on to claim that the hybrid work debate is over, with 80% of NSW employees ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... Abuse, the FAAA put forward seven key recommendations to help reduce the impact of financial abuse. These included taking action to raise public awareness of financial abuse, creating a central source of training and support for those affected, establishing ...

Aussies' financial literacy declines, young people fare the worst

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... financial capability, Australia's financial literacy levels aren't improving. "There is a risk we could fall behind globally if action is not taken," she said. "This is particularly concerning against a backdrop of cost-of-living pressures, as Australians ...