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Showing 731 - 740 of 4122 results for "Nov"

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Five AMP companies will pay $14.5 million for charging close to 1500 superannuation members fees for no service over the course of about three years. The Federal Court handed the fine to AMP Superannuation, AMP Financial Planning, Charter Financial ...

Super funds more likely to recall shares for proxy votes: Research

RACHEL ALEMBAKIS  |  TUESDAY, 20 SEP 2022
Institutional investors, such as super funds, are more likely to recall loaned shares to exercise voting rights in line with proxy voting policies, research has found. In the decade since the introduction of the "two-strikes rule" in 2011, more institutional ...

Former financial adviser pleads guilty

CASSANDRA BALDINI  |  TUESDAY, 20 SEP 2022
Former financial adviser John Wertheimer pleaded guilty to charges surrounding unauthorised client transactions in Perth Magistrates Court. Wertheimer pleaded guilty to one charge of providing a financial service on behalf of a person who carries on ...

Cbus expands investment team

JAMIE WILLIAMSON  |  MONDAY, 19 SEP 2022
Five new roles have been added to the industry fund's investments division, including hires from Commonwealth Super Corporation and MLC. Cbus said the appointments are part of the continued expansion of its internal investment capabilities. They ...

FPA Congress a chance to 'reunite, reset'

CHLOE WALKER  |  FRIDAY, 16 SEP 2022
As its first in-person conference in three years, a 'Reunite, Resest' theme will underpin the Financial Planning Association of Australia's (FPA) Professionals Congress later this year. Held in Sydney on November 23-24, the Congress will host a range ...

Montgomery, Aura Group launch new income fund

CHLOE WALKER  |  THURSDAY, 8 SEP 2022
Montgomery Investment Management unveiled the second fund to come out of its partnership with Aura Group, the Aura Core Income Fund. The fund is an open-ended, Australian-registered managed investment scheme with a minimum investment of $25,000, offering ...

AMP loses management of ACRT

JAMIE WILLIAMSON  |  MONDAY, 5 SEP 2022
Management of the $2.7 billion AMP Capital Retail Trust will transition to an external entity following a decision by unitholders. On Friday, AMP notified the ASX it had received notice from the majority of unitholders in the ACRT of their intention ...

Aligning investments to Leo's dating strategy pays off

JAMIE WILLIAMSON  |  FRIDAY, 2 SEP 2022
An index shows that if you pick your investments in the same way Leonardo DiCaprio picks his girlfriends, you'd likely be doing rather well for yourself. The Leonardo DiCaprio Large Cap Index from Index One tracks the performance of large cap US ...

AFA, FPA to explore merger

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2022
The Association of Financial Advisers (AFA) and Financial Planning Association of Australia (FPA) have signed a Memorandum of Understanding to consider a merger. The aim, they say, is to create a united voice for the financial advice sector. The associations ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
MobiSuper and its licensee will pay a $250,000 penalty for breaching superannuation advice laws while promoting the MobiSuper fund. MobiSuper and ZIB Financial will pay the combined penalty after the Federal Court found MobiSuper representatives had ...