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Showing 1 - 10 of 100+ results for "BT Funds Management"

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
... decade, including after such conduct was brought to light by the Royal Commission in 2018. Earlier this month, BT Funds Management was fined $20 million in the insurance inside superannuation case involving members being charged premiums that included ...

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
BT Funds Management has been handed a $20 million fine by the Federal Court for continuing to charge commission payments to superannuation members for seven years after they were banned. BT Funds Management charged insurance premiums that included commissions ...

WealthO2 hires five to focus on tech solutions

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... delivery manager and John Shea as solutions architect. Peter Panigiris from Lumiant and Dennis Cargill from BT Funds Management have also joined the distribution team. "We are thrilled to announce these significant cross-functional appointments which ...

ASIC exposes RE structure conflicts of interest

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
... entities, highlighted the governance practices of AMP Capital Funds Management, BlackRock Investment Management, BT Funds Management, Colonial First State Investments, Equity Trustees, Macquarie Investment Management, Mercer Investments, Perpetual Trust ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... products offered by Colonial First State Investments, Commonwealth Bank Group Super, CareSuper, Mine Super and BT Funds Management failing over a seven-year period also feature prominently on the heatmap. Overall, APRA's first Choice product heatmaps ...

Super funds lambasted over nuclear holdings

CHLOE WALKER  |  THURSDAY, 9 DEC 2021
... weapons as controversial despite also being banned by an international treaty. AustralianSuper, Aware Super, BT Funds Management, CareSuper, Cbus, Colonial First State, Commonwealth Superannuation Corporation, Energy Super, HESTA, Hostplus, Mercer, NGS ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... customers. This conduct allegedly went on for 10 years. In the case related to group insurance, ASIC alleges BT Funds Management charged super members premiums that included commissions, despite the Future of Financial Advice reforms outlawing commissions. ...

Newcastle advice firm joins Count Financial

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... Samson. The duo worked together early in their careers. Lusher previously worked at Lusher Financial Services, BT Funds Management and the ATO. Samson on the other hand worked at Baharian Wealth Management, Westpac and Aon Hewitt. "At one point, we considered ...

Failing Asgard super option to close

JAMIE WILLIAMSON  |  WEDNESDAY, 29 SEP 2021
... actually notified ahead of the performance test results being made public that the product would close, with BT Funds Management saying a successor fund transfer or an intra fund transfer would occur in mid-October and be completed in November. Under ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... that found two Westpac subsidiaries provided unlicensed personal financial advice. Westpac Securities and BT Funds Management were found to have breached their best interests duty when providing personal financial product advice in calls made to 14 customers ...
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