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Showing 1021 - 1030 of 7033 results for "December"

Lutheran Super merger imminent

JAMIE WILLIAMSON  |  TUESDAY, 16 AUG 2022
... on 5.3% and over five years it's returned 6.4% to rank 13 th. The fund closed its defined benefit offering on 31 December 2021, which accounted for less than 2% of its members, according to APRA. All remaining members were moved into the fund's ...

WA financial services director banned for six years

CHLOE WALKER  |  MONDAY, 15 AUG 2022
... years, after she was found to have abused her power as an ASFL holder. Specifically, the regulator found that between December 2020 and January 2021, Hutchinson contacted investors in the First Guardian Master Fund and suggested they roll their investments ...

Charter Hall sells half-stake in office fund to GIC

ANDREW MCKEAN  |  MONDAY, 15 AUG 2022
... May 2020. Stage 1, which comprises 48,000m 2 of lettable area, is under construction and due for 2023 completion. In December 2021, Aware Super joined Amazon as an anchor tenant of 555 Collins Street, set to occupy six high rise floors of the building. ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
... bank entered into an agreement to sell a 55% interest in Colonial First State (CFS) to KKR. The sale was completed last December and resulted in a post-tax gain of $840 million (net of transaction and separation costs). The profit results said: "Post-tax ...

ASIC announces sizeable prosecution list

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... failing to lodge one annual financial report for 2020 and one half-year financial report for the half year ending 31 December 2019. The matter was committed to the District Court for a sentence mention on 23 September 2022. Financial reports provide ...

BlackRock shutters Russia ETF

JAMIE WILLIAMSON  |  FRIDAY, 5 AUG 2022
... securities and depositary receipts, if conditions permit. If possible, it may be terminated sooner, BlackRock said. After December 31, the fund may be terminated at any time even if assets remain unsold. "Due to the uncertainty involved, there can be ...

Advisers receive guidance on rights under FSCP

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... the actions it may take and the rights of financial advisers who are subject to a hearing or disciplinary measure. In December, ASIC outlined the operations of the FSCP and what powers it has been afforded. In an update, ASIC has now provided further ...

Former adviser sentenced over theft

CHLOE WALKER  |  MONDAY, 18 JUL 2022
... financial services and banned him from engaging in credit activities. His sentencing follows his guilty plea, entered in December 2020.

$150m capital overlay no more for Allianz Australia

CHLOE WALKER  |  FRIDAY, 15 JUL 2022
... work to strengthen risk management and close gaps identified in its self-assessment and was lowered to $150 million in December 2020 in recognition of Allianz's progress in addressing these issues. Last year, APRA accepted a court enforceable undertaking ...

Victorian AR charged with providing unlicensed advice

CASSANDRA BALDINI  |  WEDNESDAY, 13 JUL 2022
... with engaging in dishonest conduct and providing unlicensed personal financial product advice. Between November 2017 and December 2020, Bhandari was an AR of The Australian Dealer Group Pty Ltd, an Australian financial services (AFS) licensee that helped ...