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Showing 611 - 620 of 3996 results for "Personal"

FSCP issues slap on the wrist to adviser

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... written reprimand in breaching sections 961B(1), 961G, 961J(1) and 921E(3) of the Corporations Act 2001 in relation to personal advice provided to retail clients between January 2022 and March 2022. Looking closely at the FSCP's fourth determination ...

Wall Street firms slugged $442m for recordkeeping breach

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... massive fines that totalled US$289 million ($442m) after the Securities and Exchange Commission (SEC) found that they used personal apps to conduct business. From at least 2019, the 11 firms admitted they used "off-channel communications" in the form ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... responded to a new issues paper that suggests requiring wealthy Australians to use part of their superannuation for their personal aged care costs. The paper is expected to be submitted to the government's aged care task force today, with a key recommendation ...

New CFS platform at the cutting Edge: Quirk

CHLOE WALKER  |  TUESDAY, 1 AUG 2023
After several months' delay, Colonial First State's much-anticipated Edge platform has launched, with CFS distribution lead Bryce Quirk saying it's expected the new offering will fare as well as FirstChoice. Developed in collaboration with FNZ, CFS ...

Russell Investments reports super returns up to 13.5%

ANDREW MCKEAN  |  FRIDAY, 28 JUL 2023
Russell Investments GoalTracker, the MySuper default option for iQ Super, Nationwide Super and Resource Super members, has posted returns up to 13.5%. The GoalTracker investment option delivered a 13.5% return for members aged 50 and under, attributed ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... at 34% quarter on quarter. Buy now pay later (BNPL) complaints were up 57% annually and jumped 56% the June quarter. Personal transaction accounts had the lion's share of the total complaints (13,781), overtaking credit cards (10,555). AFCA received ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... David Jacobson says serious penalties and costs can apply to licensees who fail to protect confidential and sensitive personal information of clients. Referencing the Federal Court judgement in ASIC v RI Advice Group, in which RI Advice was found to ...

ASIC acts against illegal investment scheme operator

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
ASIC is suing the operator of several unregistered managed investment schemes that, among other investors, targeted SMSF members. Sasha Hopkins, director of The A Team Property Group, is facing civil action for alleged unlicensed conduct and running ...

AAC at centre of billionaire insider trading scheme

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
... 2021, the 86-year-old exploited his access to corporate boardrooms, repeatedly providing inside information to friends, personal assistants, private pilots, and romantic partners. This included publicly traded companies he was a major investor in. "Those ...

New Vanguard regional ETF capital markets lead

KARREN VERGARA  |  TUESDAY, 25 JUL 2023
Vanguard Australia has appointed a new lead for the Asia Pacific region who will oversee ETF capital markets as the incumbent takes up another role within the firm. Adam DeSanctis, who most recently had a stint in personalised indexing for financial ...