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Showing 971 - 980 of 3918 results for "law"

Former adviser hit with criminal charges

KARREN VERGARA  |  MONDAY, 30 AUG 2021
After breaching his ASIC banning order, a former financial adviser is facing criminal charges. Lawrence Toledo, who is a former representative of Sentinel Private Wealth, has been charged with breaching a financial services banning order on three occasions ...

ASIC to ease hardline stance

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
... tone down its regulatory powers even though the Hayne Royal Commission exposed its ineffectiveness at enforcing corporate law. Federal treasurer Josh Frydenberg overnight released a new set of expectations and mandates for the corporate regulator. In ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... personal financial advice, in what is the first penalty imposed by the court for such failures. The court found NAB breached the law on several occasions between 2013 and 2019 when it charged fees for personal advice without giving clients compliant ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... income. Financial institutions seeking to influence those decisions by providing financial product advice, must comply with the law designed to protect consumers." In December 2018, the Federal Court ruled that Westpac Securities and BT Funds Management ...

North educational hub registers 5000 users

KARREN VERGARA  |  MONDAY, 23 AUG 2021
AMP North's education hub has clocked up more than 5000 attendees since launching last year. North's virtual educationHUB has held seven education series and over 70 webinars covering more than 25 topics. The topics cover professional and personal development ...

CFS appoints risk chief from MLC

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
Colonial First State has appointed a new chief risk officer, with MLC Wealth's former chief operating officer stepping into the role. Anthony Lane starts as group chief risk officer at CFS today. He was chief operating officer and chief risk officer ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... "consult with industry on alternative measures to support the industry". Magellan's FY21 results yesterday noted the change in law. "Once abolished, the concessional 10% rate will no longer be available and all our assessable earnings will be taxed at ...

HESTA hires technology strategist

KARREN VERGARA  |  TUESDAY, 17 AUG 2021
A technology and transformation expert has joined the $64 billion superannuation fund as it ramps up its digital offering. This week, Peter Lawrence joined HESTA as senior technology and digital strategist. Lawrence has worked across the public and ...

Class makes acquisition, profit down

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
In its full-year results, Class announced its acquisition of legal documentation software provider, Topdocs but also recorded a significant drop in its net profit. Class is set to pay $13 million for the complete acquisition of the Topdocs platform ...

Fiducian's FUA inches to $4bn

KARREN VERGARA  |  MONDAY, 16 AUG 2021
Fiducian Group's funds under advice continues to grow but could be dampened by legacy clients that will not renew the services of an adviser. Fiducian's FUA went up $700,000 to $3.7 billion in the year to June 2021, thanks to acquisitions, inflows ...