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Showing 71 - 80 of 904 results for "Deputy Chair"

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... disappointing to see DDO deficiencies across the board, and by large and small product issuers alike," said ASIC deputy chair Karen Chester. "Poor product design or distribution puts retail investors at risk of financial harm, ending up in products that ...

Finfluencer receives jail sentence

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... an undisclosed interest in, and which he had manipulated, with a view to selling out at a higher price," said ASIC deputy chair Sarah Court said. During ASIC's search of the finfluencer's premises in 2015, a notepad was found which detailed his ...

Future Super accused of greenwashing via Facebook post

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
... environmental impact of the fund and we were concerned it may be misleading to investors and potential investors," ASIC deputy chair Sarah Court said. "This action should send a message to the financial services industry that ASIC is continuing to focus ...

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... Super For Life Advanced Balanced and BT Super For Life Advance Higher Growth - were among the worst performers. APRA deputy chair Margaret Cole said there are "still far too many products delivering sub-standard investment returns to fund members". "As ...

High Court rejects Mayfair 101 plea

JAMIE WILLIAMSON  |  MONDAY, 24 APR 2023
... has scheduled a trial to commence December 4 in the defamation proceedings brought by Mawhinney against ASIC and deputy chair Sarah Court. He claims ASIC has blamed him for $211 million in losses when no loss occurred prior to ASIC acting against the ...

Finfluencer barred from running online advice business

CHLOE WALKER  |  FRIDAY, 14 APR 2023
... group chat or through direct messages. As of today, Scholz still has more than 20,000 followers on Instagram. ASIC deputy chair Sarah Court said the regulator sought permanent injunctions in this case because the people who paid Scholz to access private ...

Financial Advice Association Australia officially launches

KARREN VERGARA  |  MONDAY, 3 APR 2023
... Financial Advisers (AFA). The FAAA unveiled a new leadership team comprising David Sharpe as chair and Michelle Veitch as deputy chair. AFA national president Sam Perera will not join the FAAA. "I have decided to refocus my time toward my family, staff ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... financial sustainability and competition in the local reinsurance market, which was a major stakeholder concern," APRA deputy chair Helen Rowell said.

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
... ANZ has agreed that its Customer Fairness Advisor will conduct a review of its Home Loan Introducer Program." ASIC deputy chair Sarah Court commented: "By failing to have robust compliance and training processes in place, ANZ made it possible for third ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... investments in certain industries like fossil fuels are said to be excluded, this promise must be upheld," said ASIC deputy chair Sarah Court. "This is the first time ASIC has taken an Australian entity to court regarding alleged greenwashing conduct ...