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Showing 861 - 870 of 3550 results for "October 2011"

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
The corporate regulator has taken NAB to the Federal Court, alleging the bank wrongly charged customers fees for at least 12 years. The regulator yesterday filed initial documents with the Federal Court's Queensland registry, seeking orders that NAB ...

Australian Ethical continues growth trajectory

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
The booming interest in socially and environmentally conscious investments has seen Australian Ethical post stellar half year results, despite the pandemic. Australian Ethical reported underlying profit after tax for the second half of 2020 of $4.9 ...

Actuaries Institute names new president

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
The Actuaries Institute has named a partner at KPMG as its new president. Jefferson Gibbs takes over from Hoa Bui, who was appointed to the post in January 2020. Gibbs is a partner at KPMG specialising in general insurance. He joined the firm in October  ...

Financial services least trusted industry: Edelman

ELIZABETH MCARTHUR  |  TUESDAY, 23 FEB 2021
According to the 2021 Edelman Trust Barometer, financial services is the least trusted industry in the world - losing even more trust during the pandemic. Global public relations giant Edelman has been assessing the public trust in various sectors since ...

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
ASIC commissioner Sean Hughes said the government's Product Intervention Powers (PIP) will allow the regulator to take a targeted, calibrated and less prescriptive approach to regulation. Speaking at the Australian Finance Industry Association Risk ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
"Never ask a barber if you need a haircut," Warren Buffett once famously advised. The barber's nod will invariably be met with opposition from shampoo manufacturers. Such is the divide between the Morrison government (the barber) and labour unions ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Six of Australia's largest banks have paid or offered a total of $1.24 billion in compensation to customers, according to new ASIC figures. The funds have been returned to customers who suffered loss or detriment due to fees for no service misconduct ...

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
The best financial interests duty reform has major loopholes and lacks guidance from regulators, leading to major confusion for superannuation trustees. The fourth element of the proposed Your Future, Your Super reforms should be abandoned, according ...

Northern Trust hires from Dimensional

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
Northern Trust's asset management business has added a senior institutional distribution manager, hiring from Dimensional Fund Advisers. Thakshi Wijesundara will be based in Melbourne. She reports to Northern Trust Asset Management's head of ...

Another glitch for the ASX

ANNABELLE DICKSON  |  THURSDAY, 4 FEB 2021
The Australian Securities Exchange is experiencing more technical problems following a glitch that resulted in halted trading on ASX Trade in November. The ASX has notified investors and market participants of delays in market announcements, with the ...