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Showing 1 - 10 of 17 results for "BTFM"

Yarra recruits BTFM specialist

JAMIE WILLIAMSON  |  WEDNESDAY, 9 MAR 2022
Yarra Capital Management has strengthened its sales and distribution team, hiring an investment specialist from BT Financial Group. Tim Mugglestone has been appointed research relationship manager at Yarra, based in Sydney. He joins from BT Financial ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... customers totalling $130,006 after a request had been made to remove the financial adviser from the customers' accounts. BTFM and ACML apologise that these errors occurred." "The issue was self-reported to ASIC in July 2017 and customers have been contacted ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
... December 2018, with the Federal Court ruling that Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) had breached the Corporations Act when recommending customers rollover of superannuation accounts to Westpac/BT products. ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
ASIC has commenced Federal Court proceedings against BT Funds Management and Asgard over fee-for-no-service conduct and making misleading representations in relation to the fees. It has also launched a similar case against StatePlus. ASIC alleges that ...

BT faces fees for no service class action

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
... filed the action on behalf of Tracey Ghee. Westpac said in a statement: "The damages sought by the claim are unspecified. BTFM and WLIS will be defending the claims." Westpac is also facing a class action from Maurice Blackburn over allegations it breached ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
... December 2018, Justice Jacqueline Gleeson determined Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) had breached the Corporations Act in 2014, during two telephone campaigns in which staff recommended the rollover of ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... Jacqueline Gleeson said ASIC failed to demonstrate that Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) provided personal financial product advice to 15 customers over the consolidation of superannuation accounts. WSAL ...

BTFM awards $500m fixed income mandate

ALEX BURKE  |  WEDNESDAY, 18 OCT 2017
... York, Singapore and Sydney, Colchester specialises in value-oriented investments in global sovereign bonds and currency. BTFM's New Zealand head of investment solutions, Matthew Goldsack, said the group selected Colchester due to "the fact that they're ...

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
... subsidiaries. The corporate regulator is alleging Westpac Securities Administration Limited (WSAL) and BT Funds Management Limited (BTFM) contravened aspects of the Future of Financial Advice (FoFA) reforms. This includes breaches of the 'best interest ...

SelectingSuper rejects claim small funds should merge

ALEX DUNNIN  |  WEDNESDAY, 5 AUG 2015
... value proposition is meanwhile a blunt instrument that would impact MySuper products such as some of those offered by AMP, BTFM, Mercer and Perpetual - hardly superannuation brands unable to deliver demonstrable value to their members. It would also ...
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