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Showing 771 - 780 of 9927 results for "Financial Services"

FAAA to work with Treasury on CSLR

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
The Financial Advice Association Australia (FAAA) said it has met with minister for financial services Stephen Jones to raise key concerns regarding the Compensation Scheme of Last Resort (CSLR). FAAA chief executive Sarah Abood and chair David Sharpe ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... securities laws. The SEC argued that failure to do so deprives it from conducting its investigations. Ameriprise Financial Services, Edward D. Jones & Co, LPL Financial, Raymond James & Associates each agreed to pay the largest penalty of US$50 million. ...

AIA bolsters executive team

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... customer operations and claims officer. Crowe has more than 25 years' experience in the life insurance and financial services industries. Crowe has spent the past 10 years at BT Financial Services where she held several executive roles including head ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... to "hold trustees to account for delivering the best financial outcomes for members". In its submission, the Financial Services Council (FSC) wrote that while the test has promoted market consolidation, reduced fees, and ultimately delivered better outcomes ...

Wages grow 0.7% in June quarter

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... assistance, up 5% year on year, while education and training or utilities grew by 4.3% annually. Workers in the financial services and insurance sectors saw a 3.6% annual wage increase. "Private wages tend to be more reflective of market conditions though ...

State Street names president of investment services

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... appointed president of Investment Services, State Street's largest business. Ambrosius brings more than 30 years of financial services experience, with a track record of leading client management, sales and revenue growth, focusing on the needs of asset ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... its full-year dividend by 10% to 26.5 cents per share fully franked, in its FY24 results released today. The financial services group said its NPBT result was driven by an ongoing strong performance in Challenger Life - its retirement income business ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... us to return to a dividend cycle," he said. On 8 December 2023, WTL finalised its acquisition of Millennium3 Financial Services from Insignia Financial, paying $2 million. Some 75 wealth and personal risk insurance practices joined WTL, adding about ...

Financial services experiencing 'workforce transformation'

ELIZA BAVIN  |  MONDAY, 12 AUG 2024
The financial services industry is undergoing a workforce transformation due to shifting demographics, according to a new whitepaper by Profusion Group. The whitepaper, Adapting to a Changing Workforce, said organisations are adapting to emerging leaders ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
... financial advisers. The instruments are: Class Order [CO 14/923] Record-keeping obligations for Australian financial services licensees when giving personal advice ; ASIC Corporations and Credit (Breach Reporting-Reportable Situations) Instrument 2021/716 ...