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Showing 641 - 650 of 3224 results for "April 2012"

Adviser jailed for illegal super access

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
A former financial adviser was sentenced to jail for facilitating the illegal early access of clients' superannuation to the tune of $1.5 million. Victoria-based Ahmed Saad operated Saad Wealth Management between 10 April 2012 until 16 October 2017 ...

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
Not taking a hike "It's not time to make a change Just relax, take it easy..." -Cat Stevens, Father and Son The curse du jour that is rising inflation has raised volatility in the bond and equity markets by virtue of the anticipated central bank ...

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
ASIC is suing MLC over insurance failures spanning more than 20 years. The regulator commenced civil penalty proceedings in the Federal Court for insurance policy and service failures that occurred between 1999 and 2020. The action is against MLC Limited ...

Industry fund investments chief to depart

JAMIE WILLIAMSON  |  THURSDAY, 18 NOV 2021
LGIAsuper's chief investment officer is set to exit at the end of the year, with the fund confirming it is overhauling its investment team. Troy Rieck will leave LGIAsuper at the end of the year, following about two years with the fund. Confirming ...

ASIC files contempt application against Mawhinney

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
ASIC filed a contempt application in the Federal Court against James Mawhinney, the founder of Mayfair 101. The contempt order is in relation to allegations that Mawhinney has continued to raise funds through financial products, even though ASIC banned ...

Economic recap: Week to November 12

BENJAMIN ONG  |  MONDAY, 15 NOV 2021
Did the Reserve Bank of Australia (RBA) jump or was pushed by the bond market to scrap its target to keep the April 2024 Australian government bond yield at 10 basis points. The answer to this question becomes important because it would dictate future ...

QIC names Frawley's successor

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
Following a global executive search, QIC has named its new chief as the incumbent steps down next year. Lendlease group head of investments Kylie Rampa will commence as QIC's chief executive in April 2022 as Damien Frawley caps off 10 years with ...

Economic recap: Week to November 5

BENJAMIN ONG  |  MONDAY, 8 NOV 2021
The rise and rise of measured inflation across the globe has had financial markets bring forward rate hike expectations, and for good reasons. The Reserve Bank of New Zealand (RBNZ) started proceedings at its 6 October meeting when it doubled the official ...

ASIC sues timeshare company

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
Timeshare company Ultiqa Lifestyle Promotions is in the firing line for providing bad financial advice, following an investigation by ASIC. ASIC alleges that between October 2017 to March 2019 the advice was provided by authorised representatives promoting ...

Economic recap: Week to October 22

BENJAMIN ONG  |  MONDAY, 25 OCT 2021
It wasn't so long ago - before the COVID-19 pandemic struck to be precise - that every other central bank around the planet were hopin' and wishin' and prayin' for consumer price inflation to, at the very least, move higher to within ...