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Showing 931 - 940 of 7604 results for "Know"

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
Local fintech Bobbob has paid $53,280 to resolve infringement notices issued in response to misleading claims it made about a crypto-asset linked investment product. Over an eight-month period, a product known as the Savings Product was offered, attracting ...

Colonial First State appoints inaugural chief executive

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... track record that has seen him deliver impressive customer and business outcomes in a variety of settings," Coombe said. "I know that Clive will make a significant contribution to CFS and ensure we deliver on our ambitious transformation and growth plans." ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
Many large licensees are failing to proactively remediate clients in a fair and timely manner, operating under a framework that lacks appropriate oversight and accountability. ASIC measured large licensees against standards in Regulatory Guide 277 Consumer ...

Treasury outlines plans to boost employment

CASSANDRA BALDINI  |  TUESDAY, 26 SEP 2023
The government has unveiled its plan to overhaul the employment system in its newly released whitepaper, including encouraging older Australians to stay in the workforce by extending the work bonus and introducing a new skills passport. The Working ...

TAL offers super funds financial literacy tools for employers

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... half of all employees are concerned they will outlive their finances; 36% believe their finances control their life; 39% know very little about insurance inside super; 45% couldn't calculate how much life insurance cover they'd need; and 39% don't know ...

Apostle names global distribution lead

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
Apostle Funds Management has hired Martin Currie's co-head of global distribution to the newly created role as it pushes further into Asia and Middle East. The fund manager will soon welcome Kimon Kouryialas as director, head of global distribution. ...

NextGen Financial Group forced into liquidation

KARREN VERGARA  |  MONDAY, 25 SEP 2023
After ignoring an Australian Financial Complaints Authority (AFCA) determination, which was then escalated to the Federal Court, NextGen Financial Group is now in the process of winding up. WJ & V Drakoulis Super, the trustees of the SMSF that sued ...

MLC Life unveils retail discounts

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... their policies. MLC Life general manager for distribution Michael Downey said the campaign is about making sure advisers know that "MLC Life Insurance's competitive new business pricing can deliver better value for customers, and our overall product ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
NAB will pay $2.1 million in a fine issued by the Federal Court over knowingly overcharging customers certain fees and failing to tell them. The court has ordered the bank pay the penalty for continuing to charge periodic payment fees it knew was not ...

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
Count is making a play for Diverger, in a deal that will create an entity with $29 billion in funds under management and advice, and house 550 financial advisers. The two ASX-listed firms have entered into a binding scheme implementation deed in which ...