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| | ASIC has instigated "urgent proceedings" in the Federal Court against Brisbane financial adviser Sunny Prakash and his many associated companies. The corporate regulator is investigating Prakash and his "related companies" - Principal Financial Services ... |
| | | UniSuper has commenced the restoration of its services, as APRA confirms it is monitoring the situation which arose when the fund's private cloud was inadvertently deleted. In a brief statement to Financial Standard, APRA said it is "aware of the ... |
| | | GuildSuper and GuildPension members will see some changes to the fees they pay from this month. In November last year, Future Group acquired GuildSuper, including Child Care Super, adding about $2.77 billion in funds under management and some 99,000 ... |
| | | Perpetual has agreed to divest its wealth management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. The net proceeds ... |
| | | The super fund plans to begin restoring services later this week, though chief executive Peter Chun has told members the root cause of the outage remains unknown. UniSuper's systems, including its app, have been down for about a week now, with members ... |
| | | ... charges. "The small subset of financial advisers benefitting from this conduct threaten to undermine the reputation of the rest of the industry," he said. "Deterring cold calling for superannuation switching models is an ASIC priority, and we will continue ... |
| | | ... teams provide a competitive advantage in an increasingly crowded market," Santer said. "I am excited to join Sean and the rest of the Blue Owl team to continue delivering a range of alternative investments for clients in the APAC region." |
| | | UniSuper is working to resolve an ongoing system outage impacting the entire business, assuring disgruntled members it is not the result of a data breach. The $135 billion super fund's online systems have been disrupted this week, with its 665,000 ... |
| | | After ditching Royal London Asset Management (RLAM), the former global equities team is joining Pinnacle Investment Management as a fledgling affiliate. RLAM head of equities Peter Rutter and several of his global equities team members have sought refuge ... |
| | | ... business development in February 2019. Previously, he worked in senior growth, relationship, and business development roles at Rest Industry Super, ING Australia and, most recently, Media Super. In 2023, he joined the boards of Sunsuper Financial Services ... |
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