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Showing 651 - 660 of 9925 results for "Financial services"

South Australian financial adviser slapped with seven-year ban

ANDREW MCKEAN  |  FRIDAY, 6 DEC 2024
... who was the sole director and responsible manager of Wise Investment Advisers, has been barred from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... financial abuse to flourish, a parliamentary inquiry found. The Parliamentary Joint Committee on Corporations and Financial Services investigating the interplay between regulation and the prevalence of financial abuse revealed numerous legislative holes ...

HESTA names general manager of retirement

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
... with industry standards and regulatory obligations, the fund said. O'Shea has worked in superannuation and financial services for more than a decade. She began her career at Hostplus and has also worked as a partner at Aon, where she was responsible ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... independence, Jones said the lack of commissions should help negate issues previously seen at the Royal Commission into Financial Services. "There'll be no commissions, nothing like that. The fund will be able to pay, charge a fee if they so choose. ...

Former abrdn MD takes on chief executive role

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... years at abrdn, mostly in senior wealth, funds and business management roles. He also sat on the board of the Financial Services Council for six years. Hearts and Minds chair Chris Cuffe thanked Rayson for his tenure, saying he has been instrumental ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... monitoring of compliance with the reportable situations regime, a review found. Recent surveillance by ASIC found financial services and credit licensees have some way to go in ensuring they're compliant with the reportable situations regime. Reviewing ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... second package of reforms is aimed at making affordable financial advice available to everyone, minister for financial services Stephen Jones said. It comes about six months after the first tranche of reforms passed parliament in early July. First and ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... fuller picture of consumer complaints in Australia and enhancing understanding of the complaints environment in financial services," AFCA chief ombudsman David Locke said. "We endorse ASIC's message encouraging firms to foster a positive complaints management ...

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... up due to the non-payment of Australian Financial Complaints Authority (AFCA) determinations, far too many financial services firms are taking advantage of the Compensation Scheme of Last Resort (CSLR), treating it as an 'insurance policy'. Several ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... 2025. Overall, 103 employees from AMP joined the fold. Entireti also houses Fortnum Private Wealth and Personal Financial Services (PFS). It now has about 1300 financial advisers, 400 businesses, and some 180 employees. From today, AMP group executive ...