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Showing 711 - 720 of 6071 results for "Commission"

How AMP plans to bounce back

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
... acknowledged AMP's poor financial performance in recent years, largely because of all that was exposed by the Royal Commission. In rectifying this, AMP opted against paying a dividend to shareholders in 2021. Today, Hazelton said the company is still ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... multi-billion-dollar securities fraud sold to pension funds that went on for more than four years. The Securities and Exchange Commission charged Allianz Global Investors and three former senior portfolio managers over the "Structured Alpha" strategy ...

Trust in financial services jumps: CFA

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... significantly since 2020 when just one in four investors trusted the financial services industry, with the Hayne Royal Commission eroding confidence in the asset management industry given the significant amount of negative news coverage at the time." ...

We knew people would leave the advice industry: Hume

ANDREW MCKEAN  |  FRIDAY, 13 MAY 2022
The regulatory transition of the financial advice industry has been cumbersome for many people but senator Jane Hume believes the worst of it is over. In an interview with Stockspot, Hume welcomed the proper professionalism of the financial advice industry ...

Pension fund sues Elon Musk, Twitter

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... a share. He intends for the acquisition to be completed this year. Documents filed with the Securities and Exchange Commission late last week show Musk having raised about US$7 billion to put towards the deal. The Qatar state investment fund is now supporting ...

Macquarie Group posts record earnings

ANDREW MCKEAN  |  FRIDAY, 6 MAY 2022
... realisations in green energy, technology and business service sectors. The market-facing business also enjoyed higher fee and commission income due to mergers and acquisitions growth and higher net interest in the private credit portfolio. Of note, whilst ...

Commonwealth Bank appoints new chair

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 APR 2022
... position on 10 August 2022. Livingstone has been chair of the CBA board since 2017, with her tenure including the Royal Commission in 2018. "I have been honoured to serve as CBA's chair through a time when the bank has addressed a number of complex challenges ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
... they'd died. This conduct carried on for about a decade, including after such conduct was brought to light by the Royal Commission in 2018. Earlier this month, BT Funds Management was fined $20 million in the insurance inside superannuation case ...

UBS Australia could be banned from Papua New Guinea

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
... Investment banking giant UBS could be banned from Papua New Guinea and forced to repay tens of millions as a Royal Commission uncovers questionable conduct. A Royal Commission will shortly deliver its verdict in PNG after examining a 2014 decision by ...

Modern Slavery Act needs strengthening: Panel

RACHEL ALEMBAKIS  |  THURSDAY, 14 APR 2022
Australia's Modern Slavery Act is under review for impact and effectiveness, and investors have a role to play in both potentially strengthening the statutory obligations as well as impacting on an issue that is getting worse globally. A panel of ...