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Showing 951 - 960 of 5228 results for "2015-16 ASIC"

Longevity risk is big super's biggest failure: Podcast

CASSANDRA BALDINI  |  MONDAY, 28 AUG 2023
... products." After reviewing 15 super fund trustees, collectively representing the superannuation of over five million Australians, ASIC and APRA identified significant shortcomings in the system. The regulators had three overarching observations; a greater ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... growth in existing client portfolios, equity markets recovering and a boom in the Family Investment Office business by 45%. ASIC announced in early August that it was suing former Dixon Advisory & Superannuation Services (DASS) director Paul Ryan to ...

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... to become a leading data-informed regulator and strengthen our commitment to strong and decisive enforcement of the law," ASIC chair Joe Longo said. "The new commissioners will be powerful advocates for Australian consumers and investors, and for maintaining ...

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... Federal Court to surrender his passport while his assets and those of his business, Your Financial Freedom, were frozen. ASIC is investigating fees charged to the super funds of Valvo's former clients between January 2015 and September 2021. It's ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
AMP has put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders ...

Financial Standard kicks off Power50 voting

JAMIE WILLIAMSON  |  MONDAY, 21 AUG 2023
Voting is now open for the 2023 FS Power50, recognising the most influential financial advisers in Australia. This year, Financial Standard received more than 200 nominations for the FS Power50, with 116 progressing to the voting stage. "The FS Power ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
Westpac has posted a net profit of $1.8 billion for 3Q23, driven by steady operating revenue and disciplined margin management. Despite inflationary headwinds which led to a rise in expenses by approximately 5% for the second half of 2023 compared to ...

Crypto lender sentenced for false licence

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
... the condition of good behaviour. "Helio pleaded guilty to the conduct, and this was taken into account upon sentencing," ASIC said. The charges were brought in April 2022. The maximum penalty for a contravention of this type is one year in prison and/or ...

ASIC renews leadership team

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
... made several executive changes within its enforcement and compliance, regulation and supervision and markets group teams. ASIC's current senior executive leader, investigations Chris Rowe has been promoted to the role of senior executive leader investigation ...

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... derived by CFS from the product every financial year. In total, this amounted to about $22.7 million over nine payments. ASIC alleged CBA and CFS breached conflicted remuneration laws with their agreement to have the former distribute the superannuation ...