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Showing 601 - 610 of 4164 results for "Conduct"

Aussies largely unsure of legacy plan: Research

CHLOE WALKER  |  FRIDAY, 6 OCT 2023
... to new research from Generation Life (Gen Life). In June, Gen Life commissioned global research company Censuswide to conduct a study of 2000 adult Australian consumers to gain both quantitative and qualitative insights into what legacy means to them ...

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
... said. Another victim was his personal trainer, who Nugara convinced to get his parents to see him as an adviser. "Your conduct was calculated and prolonged involving numerous victims, many of whom continue to suffer the effects of your conduct. While ...

Family office executives take investment reins: Ocorian

CHLOE WALKER  |  THURSDAY, 5 OCT 2023
Improved professionalisation has seen a "significant transformation" in the family office sector, with executives increasingly empowered to manage family assets in-house, according to a new study by Ocorian. As part of the study, conducted earlier in ...

ASIC bans former risk adviser

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... poor judgement rather than an act of dishonesty. However, a banning order was justified, given the potential for such conduct to harm clients. Durant has the right to apply to the Administrative Appeals Tribunal for a review of ASIC's decision.

Iress completes $52m sale of MFA business to SS&C

ANDREW MCKEAN  |  TUESDAY, 3 OCT 2023
Iress has finalised the $52 million sale of its Managed Funds Administration (MFA) business to SS&C, while also kicking off the divestment process for its Platforms unit. In August, the financial services software company revealed that SS&C would acquire ...

Platform fees, poor resourcing a red flag for regulator

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... regulator, flagging concerns around poor disclosure of fees and under-investment in technology. In the letter, the Financial Conduct Authority's director of consumer investments Lucy Castledine outlined "key harms" to consumers the regulator has identified ...

PwC chief executives hold too much power: Review

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... fragmentation which contributed to ineffective structure and processes, noting there seemed to be general confusion around "conduct risk and "compliance risk." Lastly, he said unclear responsibilities and accountabilities created gaps and risks as well ...

GPT appoints Charter Hall executive as new chief

CASSANDRA BALDINI  |  MONDAY, 25 SEP 2023
GPT Group (GPT) has appointed former Charter Hall chief financial officer Russell Proutt as its chief executive and managing director. Proutt is set to take over from Bob Johnston and will officially assume the top position by 25 March 2024. In the ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... almost two years after being made aware of the error. The amount of $2.1 million is the maximum penalty applicable to such conduct, though this was labelled "without question, woefully insufficient." Between at least 20 July 2007 and 22 February 2019 ...

Trading platform pays $830k over suspicious trades

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2023
... which were of very low value and created increases in the price of the shares. Interactive Brokers was unaware of the conduct until ASIC detected it. In this instance, it was fined $250,000. The MDP has been significantly more active in 2023 than in ...