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Showing 1 - 10 of 100+ results for Jamie Williamson

SEC fines UBS Financial Services over fraud charges

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
In the US, UBS Financial Services has agreed to pay US$25 million to settle fraud charges related to a complex options trading strategy it sold to investors without adequately educating their financial advisers on the product's risks. The Yield Enhancement ...

ASIC takes Mercer Financial Advice to court

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
Mercer Financial Advice is being sued by ASIC over fee for no service conduct that continued after the Royal Commission and impacted members of both a corporate and government super fund. The regulator alleges that between July 2016 and June 2019 Mercer ...

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
The industry fund has reduced asset-based administration fees across Rest Super, Rest Corporate and Rest Pension, saying its total fees are now at least 25% less than the industry average. Rest's asset-based admin fees, which are capped at $300, have ...

Retirement Income Covenant a win for advisers - but for how long?

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
The long-awaited Retirement Income Covenant comes into effect tomorrow and, with super funds unable to consider members' personal circumstances, there's a view that its introduction could significantly impact the financial advice sector - but ...

GQG Partners adds to distribution team

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUN 2022
GQG Partners is expanding its sales team in New South Wales, appointing Justin Murray as director of distribution for the state. Murray joins in the newly created role from Colonial First State where he was business development manager within its platforms ...

CareSuper grows leadership team

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUN 2022
The $20 billion industry fund has welcomed former TelstraSuper executive Jean-Luc Ambrosi to the newly created role of chief experience officer and appointed Christine Nguyen as chief risk officer. Ambrosi is a new addition to the CareSuper team, having ...

Andrew Formica to return to Australia

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUN 2022
Andrew Formica will step down as chief executive of Jupiter Fund Management, the role he took on after leaving Janus Henderson in late 2018. Formica has notified Jupiter's board that he intends to retire as chief executive and a director on its ...

AZ NGA firms merge for growth

JAMIE WILLIAMSON  |  TUESDAY, 28 JUN 2022
Henderson Matusch Group and Logiro are set to merge to gain scale and better position them for future acquisitions. The two Brisbane-based firms have announced a non-cash merger to create a multi-disciplinary firm. In total the merged entity will have ...

State Super welcomes new board director

JAMIE WILLIAMSON  |  TUESDAY, 28 JUN 2022
State Super has added to its board, appointing a former Commonwealth Bank and Westpac executive. Cathy Yuncken joined the State Super board last month, adding more than 30 years' experience in financial services. She is currently managing director of ...

Corporate fund to join Australian Retirement Trust

JAMIE WILLIAMSON  |  MONDAY, 27 JUN 2022
Australian Retirement Trust will complete another successor fund transfer this week, taking over the super fund of an ASX 100 company. On July 1, the Incitec Pivot Employees Superannuation Fund will merge into Australian Retirement Trust. The fund ...
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