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Showing 581 - 590 of 3268 results for "January 29"

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ...

Disqualified adviser convicted of managing company

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
A former ANZ and Commonwealth Bank financial adviser who defrauded clients $6 million has been convicted of managing a corporation while disqualified. Melinda Scott, who was banned from managing corporations for 25 years until 2 December 2037, set up ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
Not long after Labor suggested it would not require older financial advisers to get degrees, the Liberal party has now backflipped on education standards to match Labor's policy. Minister for superannuation, financial services and the digital economy ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Civil penalty proceedings have commenced in the Federal Court against OnePath Custodians for allegedly charging super fund members fees for no service, filed by ASIC. ASIC is alleging OnePath incorrectly charged more than $4 million in fees to more ...

Cbus strengthens in-house investment team

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
With the percentage of assets managed in-house at Cbus heading towards 40%, the super fund has made a raft of appointments in support and announced the retirement of its head of private markets. Cbus chief investment officer Kristian Fok announced the ...

Challenger taps Hamilton for top job

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Nick Hamilton will take over as managing director and chief executive of Challenger on January 1. Following the announcement of Richard Howes' intention to retire earlier this year, Challenger has appointed Hamilton as his successor. Hamilton currently ...

Sunsuper ESG expert in new global role

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
Australian Retirement Trust, the entity Sunsuper and QSuper will form next year, is on the hunt for a head of responsible investments as one of the most likely candidates takes on a newly created role with Eastspring Investments. Stuart Wilson has been ...

ASIC bolsters leadership

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
The corporate regulator is adding an executive director of operations, chief financial officer and chief people officer. Announcing the appointments today, ASIC said they are intended to strengthen its capability and effectiveness. Joining in January  ...

De Ferrari returns to Credit Suisse

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
Francesco De Ferrari will return to his old hunting ground after finishing up at AMP in June. De Ferrari has signed on to become the chief executive of the Credit Suisse's wealth management division as of 1 January 2022. He also assumes the role of ...

Economic recap: Week to December 10

BENJAMIN ONG  |  MONDAY, 13 DEC 2021
As it was in 2020, so it is in 2021. Yes Virginia, I don't believe it too until... I re-read my first scribbles on this site at the beginning of 2021. On January 12 this year, I wrote: "Fiscal and monetary authorities prompt and aggressive counter-cycle ...