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Showing 611 - 620 of 8456 results for "Day"

Caddick victims sue auditors in class action

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... $23 million from her clients as early as 2012, essentially running a Ponzi scheme. She disappeared on 12 November 2020, the day after ASIC raided her home. In March 2021, ASIC dropped the 38 criminal charges it was pursuing after the police confirmed ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
... strategist Stephen Miller to label an upcoming interest rate adjustment by the Reserve Bank of Australia (RBA) on Melbourne Cup Day as near certain. Miller pointed out that the most recent RBA board meeting indicated a lower tolerance for a sluggish ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
The corporate regulator's bid to run an expanded case against Mayfair 101's James Mawhinney was rejected by the Federal Court yesterday, with the judge saying fresh claims brought by ASIC would place Mawhinney in "significantly greater jeopardy." Having ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
The number of life insurance complaints may have declined 24% in the 2023 financial year, but policyholders continue to complain about claims-handling delays and insurers peddling misleading information. According to the Australian Financial Complaints ...

Super bequest reform can boost charitable giving by billions: Report

ANDREW MCKEAN  |  TUESDAY, 24 OCT 2023
... transform giving in Australia. It would also streamline tax policy and remove the anomaly that if you donate to a charity the day before you die you get a tax break but if it goes to charity the day after your death the charity loses up to 17%." The ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
Life insurers and superannuation funds continue to pin systemic issues on administrative and legacy systems that have drawn customer complaints and, in some cases, led to large compensation payouts, according to the Australian Financial Complaints Authority ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
ASIC is making changes to its reportable situations regime, which includes extending the reporting deadline for some breaches. Licensees will now have 90 days to submit a reportable situation instead of 30 days in situations that have "underlying circumstances ...

Renato Mota to leave Insignia Financial

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
... general meeting is slated for November 23. Mota's performance incentives were due to be voted on by shareholders on the day, but the resolution has now been withdrawn. News of his planned departure comes as Insignia seeks to further overhaul its ...

Cbus appoints new head of infrastructure

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... achieving "operational excellence" and driving efficiency across the fund. Taking the mantle of chief operating officer, Nancy Day oversees critical support functions within Cbus, ranging from investment enablement and finance to technology. Justine ...

Netwealth to distribute private markets offering

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... small parcel bond service, plus we expanded our range of annuities, extender our term deposit menu and will soon launch a 31-day notice cash fund," Heine said. "Our new business pipeline and conversion remains strong, our client satisfaction remains ...