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Showing 881 - 890 of 4132 results for "Conduct"

Defective disclosures see Avanteos Investments fined

JAMIE WILLIAMSON  |  WEDNESDAY, 15 JUN 2022
... 499 deceased super members almost $700,000 in fees when it was not entitled to do so. The presiding judge labelled the conduct a "systemic breakdown", saying it was a "very serious failing of corporate governance and an example of a financial corporation ...

First Sentier named Investment Manager of the Year

CASSANDRA BALDINI  |  FRIDAY, 10 JUN 2022
First Sentier Investors won Investment Manager of the Year award at the Financial Standard Investment Leadership Awards, taking the title from Macquarie Investment Management which held it for four years running. The Investment Leadership Awards celebrate ...

HSBC wins ETF Securities mandate

CHLOE WALKER  |  THURSDAY, 9 JUN 2022
ETF Securities has awarded a mandate for a range of services, including fund administration. The mandate covers middle-office, custody and fund administration services administered by the Australian provider of ETF Securities. The firm says it selected ...

No more changes to risk commissions: ClearView

JAMIE WILLIAMSON  |  TUESDAY, 7 JUN 2022
About 67% of financial advisers say they'd stop offering standalone risk advice if there are further changes to life insurance commissions. That's according to a survey conducted by ClearView, which found a further 20% are unsure if they'd continue ...

DWS chief resigns amid greenwashing claims

JAMIE WILLIAMSON  |  THURSDAY, 2 JUN 2022
The chief executive of DWS Group is leaving the group next week, having resigned citing the ongoing allegations of greenwashing by the investment giant. DWS announced overnight that Asoka Woehrmann has decided to resign following the company's annual ...

ETFS Physical Gold to be split 10:1

ANDREW MCKEAN  |  THURSDAY, 2 JUN 2022
ETF Securities is conducting a 10:1 share split on its $2.6 billion ETFS Physical Gold product (GOLD). The split, which will be effective from June 8, would see owners of GOLD receive nine additional shares for each share they currently hold. Correspondingly ...

ACCC on financial services priorities

CASSANDRA BALDINI  |  WEDNESDAY, 1 JUN 2022
... Cass-Gottlieb has said the regulator is focused on promoting effective competition, investigating allegations of anti-competitive conduct, and protecting the interests of consumers in the financial services sector. Speaking at an AFR event, Cass-Gottlieb ...

Volatile crypto markets need better regulation: CHOICE

ANDREW MCKEAN  |  TUESDAY, 31 MAY 2022
... that Australians lost $99 million in crypto investment scams in 2021. Of note, the ACCC acted over alleged misleading conduct by Meta (formerly Facebook) for publishing scam celebrity crypto ads. The ACCC contends that ads which promoted cryptocurrency ...

ASIC bans financial adviser for five years

ANDREW MCKEAN  |  FRIDAY, 20 MAY 2022
... found Guan was not competent to provide financial services as he had failed to identify that he required an AFS licence to conduct a financial services business in Australia. Guan also failed to maintain adequate client records and breached his authorised ...

Tesla axed from the S&P 500 ESG index

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
... industry group peers. Other contributing factors pertained to Tesla's lack of low carbon strategy and codes of business conduct. The ideology blog also claimed that a media and stakeholder analysis of Tesla identified future exposure risks from two separate ...