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Showing 81 - 90 of 92 results for "Westpoint"

FPA begins Westpoint investigation

... complaints have been received by The Financial Planning Association (FPA) against possible members who advised clients on Westpoint investments, triggering the organisation to begin investigations. FPA chairman, Corinna Dieters, has vowed to make those ...

FPA appoints new CEO

... have a solid foundation on which to build." Of the issues facing the incumbent FPA CEO, the most challenging may be the Westpoint debacle that has allegedly implicated a number of FPA members and advisers, who are potentially the targets of a mounting ...

More senior executive changes for the FPA

... coincided with a report in The West Australian newspaper about her prior business dealings with failed property group Westpoint. In an official statement released by Brennan, she nonetheless denies any connection between the timing of the story and her ...

Thirty dealer groups up for $300m in Westpoint recovery

Of the 75 to 100 financial advisers implicated in the Westpoint saga, class actions to recover $300 million are likely to centre on as few as 30 adviser groups, according to class action firm Slater & Gordon. Slater & Gordon's commercial litigation ...

FPA and ASIC warn consumers to defend against fraudsters

... guidelines about what constitutes 'too high' commissions, which seems to be the core of many of accusations surrounding the Westpoint scandal. "The FPA doesn't have any specific requirements about the level of commission which is payable to its advisers," ...

Talk to us and let's make FSR simpler: Chris Pearce

... this year. However, industry sources have recently called for ASIC to be more proactive than reactive, following the Westpoint debacle and further questions about the as yet unregulated reverse mortgage sector. But Pearce maintained that anyone calling ...

High yield mortgage funds score high ratings

While the Westpoint scandal has placed mortgage funds under the microscope, three high yield mortgage products have passed muster to get four-star ratings from S&P. Australian Unity High Yield Mortgage Trust, Australian Unity (Wholesale) High Yield ...

Secured creditors called on for help in Westpoint bungle

The head of the financial planner-funded Westpoint Recovery Fund, Ian Bristow, has called on Westpoint's secured creditors such as ING, MFS, LM Investment and Perpetual, to help salvage investments poured into the company before it's too late. Three ...

AIOFP forms Westpoint Recovery Fund

An estimated 4,000 investors are reported to have been caught out in the $300 million Westpoint sinkhole after ASIC forced it to shut down its finance companies Ann Street Mezzanine and York Street. But the finger pointing has intensified with Westpoint ...

Property groups and advisers get set for scrutiny

... fixed interest products and the advisers selling them will come under ASIC's microscope following the widely reported Westpoint debacle, said ASIC's two chief orchestrators. ASIC deputy chair, Jeremy Cooper, said the mezzanine finance property area will ...