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Showing 541 - 550 of 1144 results for "Notice"

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... disclose how they prepare renewal notices, record and action client response and monitor and audit compliance with renewal notice obligations. The letter, which was sent in October 2018, requested platforms provide information about whether there is ...

AMP advisers to fight BOLR changes

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2019
... people. Under contract, AMP must consult with financial advisers when considering changes to terms in addition to 13 months' notice of any move expected to have a detrimental impact, ampfpa chief executive Neil Macdonald said. "AMP has done neither," ...

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
AMP advisers planning to exercise their Buyer of Last Resort (BOLR) arrangements look set to have their business valuations slashed as part of the institution's new strategy. AMP chief executive Francesco De Ferrari said the group will look to recalculate ...

Westpac fined over reporting failure

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... nine and 28 days late filing quarterly reports with APRA too. Those reports were due on 10 May 2019. APRA sent show cause notice to the entities on 22 July, indicating its intention to serve infringement notices and seeking responses. After assessing ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
Reporting a 50% drop in wealth management profits, AMP conceded chief executive Francesco De Ferrari's remuneration will have to be reconsidered in light of share price tumbles. The group reported an underlying profit of $309 million for the first half ...

Spaceship co-founder to exit

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
The startup superannuation fund has appointed a new chief executive, bidding farewell to its co-founder Paul Bennetts who will exit management. Spaceship chair Andrew Moore was announced as the new chief executive for the company to staff this morning. ...

Lloyds, pension fund pay $250m settlement

JAMIE WILLIAMSON  |  FRIDAY, 26 JUL 2019
... Standard Life. Following the merger, Lloyds Banking Group's wealth businesses and the pension fund gave Standard Life Aberdeen notice it would pull the $186 billion (?104 billion) mandate originally awarded to Aberdeen Asset Management, saying Standard ...

Suncorp responds to shareholder resolution

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUL 2019
Suncorp has given notice of the resolutions that will be considered at its annual general meeting, including a request to disclose exposures to fossil fuels. The shareholder request was sponsored by activist group Market Forces on behalf of 100 Suncorp ...

Keybridge shareholder threatens board spill

KANIKA SOOD  |  TUESDAY, 23 JUL 2019
... said. In May, a rogue shareholder meeting caught attention, when the court ruled it invalid because it did not give enough notice to all investors. Aurora Funds Management won court orders against Primary Securities which tried to topple it as the responsible ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... insurance cover. However, the wealth manager said to comply with the PMIF bill it would need to send those customers another notice asking for further confirmation of their desire to retain insurance. Further, the wealth manager received more than 440 ...