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Showing 31 - 40 of 237 results for "Magnitude"

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON | FRIDAY, 22 APR 2022

... impacted just shy of 10,000 members. Another of the cases involved inadequate fee disclosure by the Westpac, Securitor and Magnitude licensees regarding the ongoing charging of contribution fees. Over eight years it's estimated at least 25,000 clients ...

NAB tops bad advice compensation bill

KARREN VERGARA | TUESDAY, 15 FEB 2022

... the highest compensation liability. Coming in second place, Westpac's compensation bill came to $953.3 million. Magnitude Group, Securitor Financial Group, and other Westpac-employed advisers are due to fully remediate customers by the end of March. ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON | TUESDAY, 30 NOV 2021

... on advice, ASIC alleges that Westpac's former licensee groups BT Financial Advice, Securitor Financial Group and Magnitude Group charged ongoing contribution fees for financial advice without adequate fee disclosure to about 25,000 customers, amounting ...

GMO launches local climate fund

ELIZABETH MCARTHUR | THURSDAY, 7 OCT 2021

... subject in 2010," White said. "Improving economics for clean energy, combined with a growing global awareness of the magnitude of the problem we're up against, will support secular growth in the climate change sector for decades to come." Like the existing ...

Westpac in fresh $87m remediation program

KARREN VERGARA | FRIDAY, 2 JUL 2021

... notifications fell through the cracks between 2005 and 2019. The Westpac subsidiaries affected are Securitor Financial Group, Magnitude Group and Westpac Banking Corporation (known as BT Financial Advice). These businesses ceased providing personal financial ...

Global investor confidence suffers

ELIZA BAVIN | MONDAY, 1 MAR 2021

... by 16.6 points to 78.1 and 17.5 points to 98.2, respectively. The North American ICI also declined, but by a smaller magnitude, falling 2.8 points to 93.3. State Street Associates head of investor behaviour research Rajeev Bhargava said the contraction ...

ERS had little effect on funds: Research

ELIZA BAVIN | TUESDAY, 22 DEC 2020

... constituted approximately 1.6% of assets under management on average and 26.5% of cash holdings. "This is an order of magnitude higher than the typical fund flows observed under normal policy settings," it said. "The average fund received over 40,000 ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON | THURSDAY, 3 DEC 2020

... "APRA's concerns have been communicated directly to the board and senior management with the clear message that the magnitude of improvements that Westpac needs to deliver requires a deep commitment to change at all levels across the organisation ...

Risk but no reward in institutional equities portfolios

KANIKA SOOD | MONDAY, 19 OCT 2020

... holdings, style tilts and sector over- and under-weights cancelling each other out partially or completely, and the magnitude of the impact on active risk, was surprising. This is the result of investment managers within a portfolio taking opposing positions ...

Count Financial faces class action

ANNABELLE DICKSON | FRIDAY, 4 SEP 2020

... Charter Financial Planning and Hillross Financial Services and from Westpac, Westpac Bank, Securitor Financial Group and Magnitude Group. "Each of these institutions owed specific obligations to their customer designed to protect their customers' ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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