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Showing 611 - 620 of 4040 results for "Accounts"

Skynet adviser stole $10.2m: Court

KARREN VERGARA  |  THURSDAY, 28 SEP 2023
... Victoria show. In most cases, Nugara convinced clients to transfer their savings or rollover monies in their superannuation accounts to self-managed superannuation funds he set up with the Commonwealth Bank (CBA). Nugara had access to the SMSF accounts ...

Coolabah Capital launches new active ETP

ANDREW MCKEAN  |  WEDNESDAY, 27 SEP 2023
... launch of the fund and we look forward to expanding the partnership going forward," he said. Notably, Cboe Australia accounts for nearly 40% of all trading volume in Australian listed ETFs and about 20% in Australian public companies. Investors have ...

Former adviser lands in jail

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... counts of stealing at the time. On September 22, Justice Lonsdale charged Sebo with 36 counts of stealing from clients' accounts. "I find that the offending was not just opportunistic. It was planned and it was persistent," Justice Lonsdale said. "You ...

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... pay $15 million by the Federal Court for misleading customers over the funds available to them in select credit card accounts. The Court found that ANZ breached both the ASIC and the National Consumer Credit Protection Act by falsely indicating that ...

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
... investment recommendations for ESG integrated products, including certain actively managed mutual funds and separately managed accounts". DWS marketed itself as a leader in ESG adhering to specific policies to integrate such considerations into its investments. ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... 2007 and 22 February 2019, NAB's terms and conditions stated NAB would charge $1.80 for periodic payments to other accounts within NAB and $5.30 for periodic payments to accounts at another bank, ASIC explained. NAB's terms also stated that customers ...

A roadmap for transitioning to managed accounts

ANDREW MCKEAN  |  THURSDAY, 14 SEP 2023
Netwealth has unveiled a blueprint to a successful transition to managed accounts for financial advisers, centring on staff training, client messaging, and planning. At today's Financial Standard Best Practice Forum on Managed Accounts, Netwealth's ...

Aware Super rolls out adviser portal

KARREN VERGARA  |  THURSDAY, 14 SEP 2023
... clients' Centrelink payment schedules. More functionalities are due to be rolled out, including the ability to set up new accounts for clients. Aware Super head of business development Natalie Jarvis said the portal "has transformed the way independent ...

Ring-fencing super for aged care adds complexity, cost: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 13 SEP 2023
... unexpected one-time expenditures by restricting their ability to make lump-sum withdrawals from their superannuation accounts. ASFA's submission noted that only a minority of retirees are likely to enter residential aged care. Therefore, creating ...

Largest pension funds see drop in assets: Research

CASSANDRA BALDINI  |  TUESDAY, 12 SEP 2023
... of 10.6% for the sovereign pension funds in the Thinking Ahead Institute Top 300 study." Regionally, North America now accounts for 45.6% of assets in the world's 300 largest pension funds, while European pension funds account for 24.1% and Asia ...