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Showing 481 - 490 of 2080 results for "Australian Securities"

Aligned licensees could be renamed "restricted advice" groups

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
... "restricted advice" businesses, instead of the current 'aligned' or 'institutionally-owned' labels, the Australian Securities and Investments Commission (ASIC) proposed. The regulator said that advice businesses should be "better informing clients about ...

Mariner chairman resigns

JAMES FERNYHOUGH  |  TUESDAY, 26 AUG 2014
... after the resignation of chief executive officer Darren Olney-Fraser. The two resignations come after the Australian Securities and Investments Commission (ASIC) commenced legal proceedings against Mariner in the Federal Court in April over the company's ...

Challenger adds firepower to annuities business

MARK SMITH  |  MONDAY, 25 AUG 2014
... which to inject further capital into the business in the future. In announcing its full year result on the Australian Securities Exchange (ASX) last week the company said the capital initiatives will assist the achievement of "step-up increases in Challenger ...

Adviser jailed for blowing client funds on fast cars

MARK SMITH  |  THURSDAY, 21 AUG 2014
... rent sports cars and buy a house has been jailed for more than five years following an investigation by the Australian Securities and Investments Commission (ASIC). Carlo Cini, a former director of Williamstown-based company, C Cini & Company, received ...

Challenger to raise $530m to fund further annuities growth

MARK SMITH  |  WEDNESDAY, 20 AUG 2014
... $30 million retail share placement and a $250 million convertible notes issue. In an announcement on the Australian Securities Exchange (ASX) the company said the capital initiatives will assist the achievement of step-up increases in Challenger Life's ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
... clients from 2003 to 2012. The compensation process was set up following an exhaustive Senate inquiry into the Australian Securities and Investments Commission (ASIC) prompted by cases of poor advice at CBA. The inquiry concluded that poor advice was ...

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
... compensation scheme made public last Friday reproduced the same problems that the Senate inquiry into the Australian Securities and Investments Commission (ASIC) identified in Commonwealth Bank's (CBA) compensation of financial advice clients. "This ...

Magellan profits jump 71%

MARK SMITH  |  FRIDAY, 15 AUG 2014
... clients stood at $16.8 billion at 30 June. Net institutional flows were $5 billion. In an announcement on the Australian Securities Exchange, the company also highlighted that staff numbers rose by almost a fifth to 69 and told investors and analysts ...

Allan Gray funds to access mFund through OneVue

STAFF WRITER  |  FRIDAY, 15 AUG 2014
Two Allan Gray funds will be the first OneVue clients to list on the recently-launched Australian Securities Exchange (ASX) mFund. Investors will be able to access the Allan Gray Australia Equity Fund and the Allan Gray Australia Opportunity Fund. The ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... since it obtained its Australian financial services (AFS) license on March 1, 2004. The EU, imposed by the Australian Securities and Investments Commission (ASIC), forces Macquarie to establish a compensation process that mirrors that of Commonwealth ...