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Showing 771 - 780 of 3708 results for "Order"

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... O'Halloran told Financial Standard. "I think it'd be pretty safe to say that they've all failed by quite a lot. In order [to fail] for this test, you have to fail eventually by at least 50 basis points. "I don't think there would be too ...

How YFYS test will change currency investments

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
A panel at the Australian Institute of Superannuation Trustees (AIST) ASI 2021 conference has discussed how the Your Future, Your Super test and ESG will change funds' approaches to currency. QIC head of currency Stuart Simmons said super funds could ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
Big names like Colonial First State's FirstChoice, BT Super and Christian Super are among the 13 superannuation funds that failed APRA's inaugural performance test. In all, APRA tested 76 MySuper products in this round, of which 13 failed. This ...

Former adviser hit with criminal charges

KARREN VERGARA  |  MONDAY, 30 AUG 2021
After breaching his ASIC banning order, a former financial adviser is facing criminal charges. Lawrence Toledo, who is a former representative of Sentinel Private Wealth, has been charged with breaching a financial services banning order on three occasions ...

CountPlus profit plummets

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... the business to still be profitable but acknowledged a likely reduction in earnings. Count Financial also flagged that in order to compete with peers they are offering fee discounts between $10,000 and $15,000 per recruited adviser for six to 12 months. ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... 2020, we established a remediation program which has to date paid approximately $31 million to more than 15,000 customers in order to make things right," Cook said. "NAB's system failures resulted in significant fee disclosure failures over an extended ...

ASIC outlines corporate plan

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... focusing on economic recovery, reducing consumer harm, cyber security and industry compliance over the next four years in order to strengthen the financial system. ASIC's 2021-25 Corporate Plan focuses on economic recovery through including through more ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
ASIC has ordered Westpac to pay a $10.5 million fine after the High Court's decision that found two Westpac subsidiaries provided unlicensed personal financial advice. Westpac Securities and BT Funds Management were found to have breached their ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
... membership," the paper says. "The onus will therefore fall on super fund managers to improve returns and reduce costs in order to attract and retain members, for the first time." The paper says implementing its proposed model will require only two main ...

ASX posts mixed results

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
... to trade for 24 hours. The outage was due to a software issue limited to the trading of multiple securities in a single order creating inaccurate market data. "However, the regrettable equity market outage last November fell short of our own high standards ...