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Showing 531 - 540 of 1647 results for "Division 305"

Royal Commission interim report flawed

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
Commissioner Kenneth Hayne's interim report lacks understanding of financial advice and appears to have ignored submissions on the issues raised throughout the Royal Commission. That is the view of the Association of Financial Advisers which, in ...

Elon Musk steps down as Tesla chair

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
SMSF stock darling Tesla Inc. is set to see a board revamp after Elon Musk settled a tweet-led securities fraud charge with the US corporate regulator. Last week, the Securities and Exchange Commission charged Musk with securities fraud over his August ...

Elon Musk charged with securities fraud

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
Elon Musk's tweets about taking Tesla private have seen him charged with securities fraud by the US regulator. The Securities and Exchange Commission is also seeking court approval to stop Musk from serving as an officer or a director of a public company. ...

Macquarie Group appoints foundation chair

HARRISON WORLEY  |  TUESDAY, 25 SEP 2018
Macquarie Group named the new chair of its community arm, as current foundation chair Shemara Wikramanayake prepares to officially assume control of the $497 billion giant. Macquarie Bank chief executive and managing director Mary Reemst will chair ...

Hagger to depart NAB

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
National Australia Bank has announced Andrew Hagger will leave the bank at the end of the month and will be replaced by Mike Baird. As part of a raft of changes to the institution's executive leadership team, Hagger - as chief customer officer of consumer ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
The Royal Commission cast serious doubts over the ability of APRA and ASIC to effectively regulate the superannuation industry, questioning their purpose in safeguarding retirement savings and the stability of the financial system. In his fifth round ...

Link fund admin chief departs

JAMIE WILLIAMSON  |  WEDNESDAY, 22 AUG 2018
The chief executive of Link Group's fund administration business has left the company. Link confirmed that Suzanne Holden tendered her resignation after eight years with the administrator. Holden was appointed to lead the fund administration division  ...

Fiducian continues growth trajectory

JAMIE WILLIAMSON  |  FRIDAY, 17 AUG 2018
Fiducian Group has reported a 21% rise in underlying net profit and a $1 billion lift in funds under management, administration and advice. Releasing its full year results today, Fiducian recorded $10.5 million in UNPAT and an 18% increase in FUMAA ...

AMP wealth arm leaked $873 million in first half

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
AMP's wealth management arm, which includes its superannuation and platform products, saw net outflows of $873 million in the first half of 2018. By comparison, it had recorded net inflows of more than $1 billion in first half of last year. AMP's North ...

Zurich names executive lineup for new business

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
Zurich has named the executive team that will run its combined Australian life and investments business when its OnePath acquisition completes in early 2019. Long-time Zurich executive Tim Bailey will be the combined business' chief executive officer. ...