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Showing 71 - 80 of 94 results for "Westpoint"

Courts continue to unwind Westpoint mess

HAMISH MADDEN | FRIDAY, 8 DEC 2006

The Federal Court has ordered the winding up of 14 companies associated with Norman Carey and the Westpoint group. Ruling on an application made by the Australian Securities and Investments Commission (ASIC), the Federal Court ordered the winding up ...

Planner PI insurance reforms unclear: AFA

... industry experts. The Government's interest in PI insurance for licensees was reinforced by the $320 million fallout from Westpoint, where many investors who were able to mount a case against their adviser could not be compensated because their adviser ...

FPA should lead not follow: Bloch

... authority leading before us," said Bloch, referring to public concerns on the sector in the past 12 months such as the Westpoint debacle, conflicts of interest, ASIC shadow shopping and on the subject of commission versus fees. Bloch, appointed to the ...

Not on our watch: ASIC

... against a record 352 people or companies, high profile investigations including HIH Insurance, the NAB currency traders, Westpoint, One.Tel, James Hardie, Offset Alpine Printing and Sons of Gwalia and numerous litigation relating conflicts of interest ...

FPA reports finances and enrolments on the up

HAMISH MADDEN | TUESDAY, 31 OCT 2006

... reserves have been restored to the level they were at in 2003, before the turbulence of the shadow shopping survey, Westpoint and other issues. "The ASIC shadow shopping survey and the collapse of Westpoint, among other issues, have made it a challenging ...

FPA preps members on conflicts of interest principles

... if followed faithfully by FPA members, could potentially mark a tipping point for the industry recently marred by the Westpoint scandal and largely criticised over their opaque fee structures. Bloch said, "Whether this is a fundamental shift, a change ...

Market wrap

AAP | WEDNESDAY, 21 JUN 2006

... at 4883. On the day Ten Network will release its third quarter results as the hearing into failed property developer Westpoint continues. Investors will also be watching BHP Billiton and Rio Tinto after BHP Billiton said it had reached an agreement with ...

Westpoint fundraiser's last minute dash

KATE HAGE | TUESDAY, 6 JUN 2006

On Sunday Neil Burnard, disgraced businessman and director of Palentia, the alleged fundraiser for the toppled Westpoint group, returned to Australia after he was refused entry in a last minute dash to the United States after a last minute dash to remain ...

Slam the door on unlicensed advisers: ASIC

HAMISH MADDEN | THURSDAY, 25 MAY 2006

... as access to internal and external systems to respond to customer complaints." One of the key themes to underpin the Westpoint debacle and other less high profile cases like it was the issue of how do you regulate people who refuse to be licensed? The ...

Keypoint joins Westpoint in court

The Federal Court has ordered that Keypoint Developments be joined to the proceedings by ASIC against Westpoint after it found the former was used to house $875,000 of Westpoint funds. In another development to the ongoing Westpoint saga, the Court ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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