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Showing 591 - 600 of 3547 results for "October 1987"

Michael Heine steps back at Netwealth

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
Effective October 1, Matt Heine will become the sole managing director of Netwealth, as his father steps back from day-to-day management. The news came as part of Netwealth's results announcement this morning, with Netwealth saying Michael Heine ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
ASIC has so far secured more than $102 million in remediation for Freedom Insurance customers and is urging anyone else who purchased life cover through the now-defunct insurer to come forward. Freedom Insurance went out of business after ASIC's review ...

WA financial services director banned for six years

CHLOE WALKER  |  MONDAY, 15 AUG 2022
ASIC has banned Perth-based director Sharree Grace Hutchinson from providing financial services for six years, after she was found to have abused her power as an ASFL holder. Specifically, the regulator found that between December 2020 and January 2021 ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
ASIC has said it is focused on improving the breach reporting regime that came into effect last October, following concerns that it's not operating as intended. The regime, which applies to all AFSL and ACL holders, commenced in October 2021 and ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
An analysis of close to 50,000 complaints made to super funds has found some trustees are failing to adequately record and respond to member complaints. ASIC is currently undertaking surveillance of super funds' internal dispute resolution processes ...

APRA consults on new operational risk standards

JAMIE WILLIAMSON  |  FRIDAY, 29 JUL 2022
APRA is proposing to introduce new minimum standards for super funds in managing operational risk, opening a new consultation. As part of the consultation, APRA has released Prudential Standard CPS 230 Operational Risk Management which includes minimum ...

Super fund for women closes

JAMIE WILLIAMSON  |  WEDNESDAY, 27 JUL 2022
A superannuation fund that targeted women has quietly closed after three years in market. FairVine Super, a sub-plan of Aracon Super, launched in May 2019 with a product specifically designed for women. The offering included a 'FairRewards' ...

Australian Unity chair resigns

CHLOE WALKER  |  WEDNESDAY, 27 JUL 2022
Australian Unity has announced several board changes, including the resignation of chair Peter Promnitz. Finance veteran Promnitz boasts an impressive resume spanning over 40 years, with notable tenures including Mercer region leader APAC, Marsh & McLennan ...

Iress names Marcus Price as new chief

CASSANDRA BALDINI  |  TUESDAY, 26 JUL 2022
Iress has named Marcus Price as its new managing director and chief executive following the retirement of Andrew Walsh. Price will assume the position currently held by Walsh on October 3, bringing over 25 years of experience leading financial services ...

AXA IM Alts names head of client group

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
AXA IM Alts has appointed Toby Coleman as head of client group Australia, to drive growth in the market. Based in Sydney, Coleman will be responsible for raising new capital and for client relationships across Australia and New Zealand. Coleman brings ...