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Showing 661 - 670 of 1907 results for Laura Millan

Prosecution drops charges against Storm adviser

LAURA MILLAN  |  MONDAY, 17 NOV 2014
The Commonwealth Director of Public Prosecutions has withdrawn its charge against former Storm Financial adviser Walter John Fullerton-Smith, following the death of a key witness. Fullerton-Smith faced a charge of making a false or misleading statement ...

Advisers want more information from fund managers

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Financial advisers are not only interested in fund returns, they want information to help clients understand how funds fit within their portfolios and how it will help deliver outcomes. An Investment Trends survey of 768 planners found that only one ...

Unlicensed Torquay adviser gets 7 year ban

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Torquay-based director and sole employee of Shore Capital Scott Logan has been banned for providing financial services for seven years. An investigation by the Australian Securities and Investments Commission (ASIC) found that between April 2011 and ...

TAL boosts profit in half-year result

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Dai-ichi Life-owned TAL has posted an underlying profit of $78 million for the six months to September 2014, up from $46 million in the same period last year. The result represents a 69% increase from the first half of the year, TAL reported. The insurer ...

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Independence, the flexibility to build an approved product list and cheaper, more advanced technology and platforms are encouraging more advisers to leave large licensees and strike out on their own. The big four banks and AMP have collectively seen ...

ASIC to watch CBA advisers closely

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Australian Securities and Investments Commission (ASIC) has appointed a compliance expert to examine the performance of advisers at Commonwealth Financial Planning and Financial Wisdom. KordaMentha Forensic will review past activities by Commonwealth ...

ASIC intervenes non-compliant Aurora listed funds

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
Aurora Funds Management has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) after the regulator identified compliance failings in some of its listed investment schemes. ASIC is concerned ...

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Senate Economics Committee inquiry into forestry managed investment schemes heard victims of Timbercorp point to the failed scheme's relationship with ANZ Banking Group. "The evidence presented at the first hearing of the Senate inquiry in forestry ...

CBA chairman defends compensation program at AGM

LAURA MILLAN  |  THURSDAY, 13 NOV 2014
Commonwealth Bank (CBA) chairman David Turner defended the bank's performance and its reaction to the financial planning scandals in front of shareholders at the annual general meeting in Melbourne yesterday. "We know that saying sorry is not enough ...

Gail Kelly steps down as Westpac CEO

LAURA MILLAN  |  THURSDAY, 13 NOV 2014
Gail Kelly will step down from her role of chief executive at Westpac on February 1, 2015 to be replaced by Westpac chief executive of Australian financial services Brian Hartzer. Westpac Chairman Lindsay Maxsted said Kelly, who has led Westpac for ...