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Showing 7371 - 7380 of 21776 results for "Dec"

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
Westpac has been ordered by the Federal Court of Australia to pay $9.15 million over poor financial advice provided by just one former adviser. The court case relates to poor financial advice provided by Sudhir Sinha which breached the best interest ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
There wasn't a dull day to be had in Australia's financial advice industry in 2019, but unfortunately it was rarely a good thing. We are bidding farewell to the year that is likely to be remembered as one financial advisers would rather forget. ...

TAL loses group insurance mandate

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
After 13 years, a $22 billion corporate superannuation fund is set to cut ties with TAL. From 1 July 2020, MLC Life will take over as group insurer for TelstraSuper. The fund said the decision to change insurers follows a comprehensive review of its ...

Pay jockeys super: Federal Court

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
The Full Federal Court has ruled that horse racing clubs and state racing boards are required to pay superannuation for jockeys. The court upheld the Australian Tax Office's super guarantee charge assessments in regards to riding fees paid to jockeys ...

ASX 200 hits female director target

ALLY SELBY  |  THURSDAY, 19 DEC 2019
The Australian Institute of Company Directors' goal of increasing gender diversity on ASX 200 boards has been met, albeit a year after its original target. The ASX 200 has now achieved 30% female representation on boards. It comes more than four years ...

Chief economist update: Stock rally heralds 2020 cheer

BENJAMIN ONG  |  THURSDAY, 19 DEC 2019
The stock market is considered a forward-looking mechanism. That is, stock prices peak ahead of a reversal in economic growth. They start ascending before the economy starts to expand. If so, the rally in most equity markets around the world we've ...

Westpac served class action

JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
Westpac has confirmed it was served with a class action on behalf of shareholders in relation to the AUSTRAC investigation. The class action has been filed by Phi Finney McDonald. The claim relates to market disclosure issues connected to Westpac's ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
Frustration and despair will be the main course for financial advisers this Christmas, says financial services veteran. The Christmas season may potentially be the catalyst for action by exhausted advisers who are feeling physically, financially and ...

Chief economist update: Oil's well that ends 2019 well

BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
It may not seem like it, but crude oil prices appear on track to finish 2019 around 30% higher. This year to date, WTI oil has risen by 33.4% to US$60.21 per barrel while the price of Brent oil has rallied by 29.2%. To be sure, new production cuts that ...

AMPFP ceases MDA services

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
AMP Financial Planning has ceased providing managed discretionary account services following the imposition of tailored licence conditions by ASIC. ASIC tailored AMPFP's MDA licence conditions in March this year - the extra conditions meant a senior ...