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Showing 761 - 770 of 3078 results for "Corporation"

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
ASIC has taken Federal Court action against AMP for allegedly charging more than 2000 deceased clients insurance premiums and financial advice fees after being notified of their death. The action relates to five companies that are or were subsidiaries ...

Future Fund adds super fund chair

JAMIE WILLIAMSON  |  WEDNESDAY, 26 MAY 2021
The chair of the Commonwealth Superannuation Corporation has joined the Future Fund's Board of Guardians. Patricia Cross has been appointed to a five-year term, during which time she will draw on her extensive experience in asset and investment management. ...

Former adviser jailed for six years

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... relied on him for his expertise. Some considered him a friend". The judge also disqualified Hopkins from managing a corporation for five years. His six years' imprisonment comes with a four-year non-parole period. ASIC commissioner Danielle Press ...

ASIC cancels AFSLs

ANNABELLE DICKSON  |  TUESDAY, 25 MAY 2021
The corporate regulator has cancelled the Australian financial services licences (AFSL) of two providers for failing to lodge audited financial accounts and failing to maintain an AFCA membership. Victorian-based financial services provider and mortgage ...

Ironbark signs on Canadian manager

KANIKA SOOD  |  MONDAY, 24 MAY 2021
... Infrastructure had assets under management and commitments of US$2.2 billion at April end. Its parent Fiera Capital Corporation has offices in over 12 cities and had C$172.9 billion in assets under management at March end. "Australia is an important ...

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
ASIC is taking action against a financial services group for allegedly paying conflicted remuneration totalling $165,000 to its financial advisers who gave inappropriate SMSF and property advice. Equiti Financial Services (Equiti FS) - which is now ...

Super fund whistleblower policies lacking: ASIC

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
ASIC says superannuation funds' whistleblower policies are missing key information, including how whistleblowers can protect themselves, and should be published widely. Speaking at the Conference of Major Superannuation Funds in Adelaide on May 20 ...

Long way for super complaints overhaul

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
From October 5 super funds must have stronger internal dispute resolution systems but a new ASIC survey shows many are still overshooting the 45-day deadline for resolving member complaints. The new IDR rules were set out in RG 271 introduced last July. ...

ASIC bans Theta managing director

KARREN VERGARA  |  MONDAY, 17 MAY 2021
ASIC has banned the managing director of Theta Asset Management for four years from the financial services industry. The banning order for Robert Patrick Marie comes after several instances of misconduct relating to Theta, the responsible entity of ...

More super funds make climate commitments

ELIZABETH MCARTHUR  |  MONDAY, 17 MAY 2021
... joined over a dozen institutional investors including Aware Super, Cbus, IFM Investors and the Queensland Investment Corporation in signing up to Climate League 2030. Teachers Mutual is the first banking participant to sign up and has committed to deliver ...