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Showing 881 - 890 of 5392 results for "Federal"

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... Act 1993 (SIS Act). According to documents, the CEU does not intend to deal with issues that are currently the matter of Federal Court Action, such as the continued charging of insurance premiums and financial advice fees to deceased members. However ...

ASIC files contempt application against Mawhinney

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
ASIC filed a contempt application in the Federal Court against James Mawhinney, the founder of Mayfair 101. The contempt order is in relation to allegations that Mawhinney has continued to raise funds through financial products, even though ASIC banned ...

Active Super adds board director

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
... Western Sydney Migrant Resource Centre and director of Settlement Services International. He is also chief of staff to the federal member for Werriwa, Anne Stanley. Hagarty will replace Domenico Figliomeni whose four-year term comes to an end. Figliomeni ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
The federal government is forging ahead with slashing the financial adviser levy by more than a third for those that provide retail advice. Corporate watchdog ASIC today updated its 2020-21 Cost Recovery Implementation Statement, which lays out how ...

TelstraSuper releases retirement income solution

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
... bigger proportions during market downturns and deliver retirees a stable income that is sustainable over the long term. The federal government recently wrapped up its consultation on the Retirement Income Covenant exposure draft legislation. The new ...

Economic recap: Week to November 5

BENJAMIN ONG  |  MONDAY, 8 NOV 2021
... inflation to be no higher than 2½ per cent at the end of 2023 and for only a gradual increase in wages growth". The US Federal Reserve's 2-3 November FOMC meeting produced little surprise. It decided to "taper" its US$120 billion a month purchases ...

PM Capital forges ahead with LIC merger

KARREN VERGARA  |  FRIDAY, 5 NOV 2021
... PM Capital Global Opportunities Fund (PGF) to take over the PM Capital Asian Opportunities Fund (PAF). This follows a Federal Court order that states PAF should convene and hold a meeting with its shareholders to allow them to vote on the merger. PAF ...

ASIC bans adviser over Linchpin, Endeavour fund

ANNABELLE DICKSON  |  THURSDAY, 4 NOV 2021
... from his recommendation to switch client funds from existing financial products into the fund, ASIC said. In 2019, the Federal Court also ordered the registered scheme operated by Endeavour and the unregistered scheme operated by Linchpin, the Investport ...

ASIC shuts down unlicensed investment scheme

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... members is in the process of being shut down by ASIC. ASIC obtained interim orders and injunctions from the Queensland Federal Court in against A One Multi Services and its Gold Coast-based directors Aryn Hala and Heidi Walters. Hala allegedly told investors ...

E&P Financial Group hit with class action

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... advice and engaging in misleading and deceptive conduct. The law firm has taken Dixon and E&P Financial Group (EP1) to the Federal Court, and also named subsidiary Dixon Advisory and Superannuation Services in the lawsuit for their alleged involvement ...