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Showing 561 - 570 of 4209 results for "Action"

Wealth firms 'still have PTSD from the Royal Commission': Deloitte

ANDREW MCKEAN  |  TUESDAY, 14 MAY 2024
... developed a report from a survey of 2000 investors and 250 wealth management providers. The report provided several calls to action, in particularly, an emphasis on placing the investor as the North Star. This approach requires fresh thinking and deeper ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... in the model in which the vast majority of advisers who are running strong compliant businesses must pay for enforcement action against a small number of non-compliant businesses. "In addition, the costs of action against fraudsters and unlicensed operators ...

Advisers should leverage US tech blueprint: SIAA panel

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
While the US is at the forefront of financial advisers leveraging the best technology available, Australia's advice industry cannot be left behind and should learn from the blueprint it has laid out, investment experts told the Stockbrokers and Investment ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... and terrorism financing risk, including the ongoing AML/CTF risks of doing business with those customers. The Zonia class action began on 9 October 2017, whilst the Baron class action started on 2 July 2018. ASX-listed Omni Bridgeway (formerly IMF Bentham) ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... said. "It is good to see ASIC shining a light on poor practices. We expect ASIC to now follow up with strong enforcement action against trustees and advisers to deter future misconduct." Since the review wrapped in March 2023, Constant said there has ...

AFCA finds more Dixon Advisory victims

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... million in costs they have to pay. FAAA chief executive Sarah Abood is calling on assistant treasurer Stephen Jones to take action on the drastically escalating costs of the Compensation Scheme of Last Resort (CSLR). "This equates to a direct cost to ...

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... participants cannot solely rely on automated trade monitoring systems to detect potential misconduct and must take immediate action once alerted to misconduct by ASIC." The MDP's Infringement Notice outlined that "this case highlighted the responsibility ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
The litigation funder of the AMP Buyer of Last Resort (BOLR) class action is negotiating its cut of the settlement money and could take home as much as $43 million. A notice of proposed settlement from the Federal Court shows the funder, Augusta Pool ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... he said. "Deterring cold calling for superannuation switching models is an ASIC priority, and we will continue to take action, including enforcement action, to protect consumers from high pressure, cold calling practices that induce inappropriate sup ...

New framework for investors to navigate AI released

ELIZA BAVIN  |  MONDAY, 29 APR 2024
Alphinity Investment Management (Alphinity) and CSIRO have released a responsible AI (RAI) framework and actionable toolkit to help investors navigate the accelerating AI opportunity. The Intersection of Responsible AI and ESG: A Framework for Investors ...