Ascot Securities hit with infringement notice for 'serious failures'BY ANDREW MCKEAN | THURSDAY, 20 JUN 2024 12:50PMAscot Securities was issued an infringement notice by the Markets Disciplinary Panel (MDP) in November last year for serious failures, resulting in a $3.1 million penalty and a requirement to enter an enforceable undertaking. However, Ascot chose not to comply. Related News |
Editor's Choice
AMP MySuper options power past double-digit returns
|AMP's MySuper 1970s investment option, its largest by funds under management, had a return of 11.4% for FY24.
APRA heightens expectations around trustees' spending
|APRA reissued guidance around strategic planning and member outcomes, placing a clearer focus on superannuation members' interests when it comes to fund expenditure.
Colonial First State reports strong super returns
|Colonial First State (CFS) has posted double digit returns for its MySuper balanced and growth funds during FY24.
TelstraSuper produces 9.6% MySuper return
|TelstraSuper's MySuper Growth option earned 9.6% in FY24, net of fees and taxes.
Products
Expert Feed
Clever contribution strategies for navigating an unusual EOFY
As the end of FY24 approaches, financial advisers can make the most of new opportunities for super contributions.
Proactive aged care planning
An old saying but one that holds very strong in consideration for aged care. Early planning for aged care can make a significant difference, ensuring ...
Respecting your wishes: A look inside superannuation death nominations
Who do you think would - or should - be left with your superannuation?
ASIC targets superannuation trustees on financial advice fees
In this Insight, we examine ASIC's key concerns and lay out a number of recommended steps to ensure your organisation is observing best practice.
Industry Events
Featured Profile
Shail Singh
LEAD OMBUDSMAN INVESTMENTS AND ADVICE
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY
To be successful as Australian Financial Complaints Authority's (AFCA) lead ombudsman for investments and advice, one requires empathy, impartiality, and rationality. Shail Singh shares how he also uses legal and financial advice expertise to help consumers, small businesses, and member firms. Karren Vergara writes.
