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Showing 281 - 290 of 2922 results for "Times"

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... to about 25,000 customers, amounting to about $7 million. "Some fees were not disclosed to the customer at all, at other times the amount disclosed was less than the amount charged," ASIC said. In 2019 Westpac exited personal financial advice, closing ...

Economic recap: Week to November 26

BENJAMIN ONG  |  MONDAY, 29 NOV 2021
... again. Not only that, but it'll also intensify the supply chain problems that's caused the spike in inflation in recent times. However, the lowering of consumer demand - should Omicron turn out to be more sinister than Delta - should provide an offset ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... required ID verification initially. He has also observed funds being slow to confirm banking details. "It's happened enough times that we believe it's an intentional policy to delay the payments because the funds simply can't pay the transfers ...

COVID-19 relief for SMSFs may require specialist input

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... extended COVID-19 relief measures implemented by the federal government. "Managing an SMSF can be complex at the best of times, particularly for those who have just begun their journey towards a self-directed retirement," Maroney said. "But the challenges ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... financial position, what they all have in common is an obligation to protect their members' best financial interests at all times. This, according to Cole, requires trustees to undertake "sufficiently robust business and contingency planning" to ensure ...

Sequoia buys general insurance book

JAMIE WILLIAMSON  |  THURSDAY, 18 NOV 2021
... representative service. The acquisition is expected to cost the group about $2.5 million, based on a forecast EBIT of five times FY22 earnings. It will be funded by existing cash reserves over a 12-month period. Tag Insurance Brokers was founded by Darren ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... superannuation business to prevent recurrence and ensure we're delivering on our promises to customers. "There have been times in the past that we have not got this right and for this we apologise. We support our Trustee in offering this EU to APRA ...

BT Practice Principals' Community goes independent

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
... been more demanding of advisers. The Principals' Community sees its mission as helping its members in these difficult times." BT confirmed to Financial Standard last week it would close the Practice Principals' Community from 10 December 2021 ...

Demand for niche advice firms increases

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... and financial planning advice, or they may have the ability to trade in options and derivatives, making them worth four times more, Radar Results chief executive John Birt said. AFSLs with managed discretionary accounts can sell for $120,000, while those ...

Vanguard launches automated investing solution

KARREN VERGARA  |  MONDAY, 15 NOV 2021
... platform use the Auto Invest feature. In April, UK personal financial planning customers saw their fees reduce to three times less than what the industry charges on average to a flat rate of 0.79%. "We hope that since many of our clients already regularly ...