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Showing 821 - 830 of 3937 results for "Feb"

Australian Ethical overhauls longstanding fund

JAMIE WILLIAMSON  |  THURSDAY, 23 SEP 2021
Australian Ethical is making a series of changes to its Advocacy investment option that will allow it to begin investing in alternatives and unlisted property. From October, the Advocacy option will essentially close and instead be known as the 'High ...

Aware Super builds out affordable housing

ANNABELLE DICKSON  |  THURSDAY, 23 SEP 2021
The $140 billion super fund is furthering its commitment to affordable housing with the acquisition of a site in Melbourne. Aware Super and its investment Partner Altis Property Partners purchased the 7000 square metre Bayview on the Park site and will ...

BOQ bolsters executive team

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
Bank of Queensland has appointed a chief risk officer from IAG and promoted from within for group executive business banking. David Watts will commence as chief risk officer in 2022. He previously spent over three years at IAG as chief risk officer ...

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
The former chief executive of EISS Super has spoken out about his decision to depart the fund in the wake of media scrutiny and the fund's failure of the APRA performance test. Alex Hutchison resigned as chief executive of EISS Super on September ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
ME Bank has appeared in Federal Court, facing criminal charges for allegedly making false and misleading representations in letters to its home loan customers. It is also alleged that the bank failed to provide written notice about annual interest rate ...

Economic recap: Week to September 10

BENJAMIN ONG  |  MONDAY, 13 SEP 2021
The Reserve Bank of Australia (RBA) is concerned but not alarmed at the growing cases of Delta variant infections that's wreaking havoc on the lives and livelihood in Australia's two biggest states - New South Wales (NSW) and Victoria (VIC). ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
The Federal Court has found Colonial First State misled members of its FirstChoice Fund on at least 12,978 occasions over nearly two years in relation to switching to its MySuper product. The court found CFS's communication (via letters and calls) ...

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 ...

APRA outlines remuneration standard

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
The prudential regulator released its final standard for remuneration across superannuation, banking and insurance which could see individuals lose their bonus in the event of poor risk conduct. Cross-industry Prudential Standard CPS 511 Remuneration ...

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 ...