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Showing 991 - 1000 of 4411 results for "Ele"

Next Macquarie chair announced

CHLOE WALKER  |  THURSDAY, 2 DEC 2021
Glenn Stevens has been appointed the next chair of Macquarie Group and Macquarie Bank following the retirement of Peter Warne. Stevens' appointment and Warne's retirement as a voting director on both boards will be effective in May 2022, following the ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
In an unprecedented move, ASIC has commenced six civil penalty proceedings against Westpac for widespread compliance failures in its banking, wealth, superannuation and general insurance businesses. The six matters filed relate to charging fees to deceased ...

IOOF moves forward with rebrand

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
IOOF will proceed to rebrand as Insignia Financial after shareholders unanimously voted in favour for the change. Votes cast in yesterday's annual general meeting found shareholders embracing the new name and logo, garnering about 98% support. Flagging ...

QSuper faces class action over excess premiums

JAMIE WILLIAMSON  |  THURSDAY, 25 NOV 2021
A class action has been filed against QSuper, claiming it overcharged about 140,000 members for life insurance policies by charging almost all members the same despite differing occupations. Shine Lawyers has filed the action in the Federal Court against ...

Are managed accounts living up to the hype?

ELIZABETH MCARTHUR  |  THURSDAY, 25 NOV 2021
At the Financial Standard Best Practice Forum on Managed Accounts, a panel of experts have offered their honest views on whether managed accounts are delivering on the hype surrounding them. MLC Asset Management head of investment consulting (managed ...

CBA receives regulatory approval for CFS sale

CHLOE WALKER  |  TUESDAY, 23 NOV 2021
Commonwealth Bank of Australia (CBA) today announced all regulatory approvals have been received for the sale of a 55% interest in Colonial First State (CFS) to leading global investment firm KKR. The transaction is expected to complete on 1 December ...

Saxo taps Bell Direct, IOOF talent

ELIZABETH MCARTHUR  |  MONDAY, 22 NOV 2021
Saxo Markets has made two senior appointments in its Australian team, hiring a high-profile broadcaster from Bell Direct and a national manager from IOOF. Jessica Amir has been appointed Saxo's Australian market strategist. She joins from Bell Direct ...

Complaints filed against ASIC lawyers

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
Mayfair 101's James Mawhinney has lodged a formal complaint against ASIC's lawyers after they allegedly sent a press release about contempt charges brought against him before he was properly served with proceedings. Mawhinney has filed complaints with ...

ASIC files contempt application against Mawhinney

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
ASIC filed a contempt application in the Federal Court against James Mawhinney, the founder of Mayfair 101. The contempt order is in relation to allegations that Mawhinney has continued to raise funds through financial products, even though ASIC banned ...

£450bn in inflation-linked UK DB liabilities unmatched

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
New analysis from Alpha Real Capital, a specialist income manager, suggests that £450 billion of inflation‐linked liabilities belonging to UK defined benefit pension schemes are unmatched. Alpha's analysis showed that higher inflation risks have ...