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Showing 1051 - 1060 of 4546 results for "October"

Vanguard appoints fund administrator

KANIKA SOOD  |  MONDAY, 31 MAY 2021
... to launch later this year. On April 28, a consortium including Pacific Equity Partners and Carlyle Group withdrew their October 12 bid to acquire Link. Link is currently in the process of listing property settlement platform PEXA. Vanguard managed about ...

Global Merces MD cops ASIC ban

KARREN VERGARA  |  MONDAY, 31 MAY 2021
... the fund's operation. The ban will prevent Grofski from controlling or managing a company in financial services until 28 October 2021. ASIC found that Grofski was involved in Global Merces' failure to comply with its AFSL conditions and replace key persons ...

PEXA to IPO in June

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... Group however (including its stake in PEXA) but the board thought the offers materially undervalued the business. "In October 2020, the Link Group board considered the private equity consortium's bid for Link Group, including its interest in PEXA, significantly ...

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... previous month. The flash UK services PMI went up from 61.0 in April (final reading) to 61.8 in May - a 91-month high (October 2013). These justify the Bank of England's (BOE) decision at its May 5 monetary policy committee meeting to slow bond purchases ...

Criminal charges filed against ME Bank

JAMIE WILLIAMSON, KANIKA SOOD  |  THURSDAY, 27 MAY 2021
... Bank said the alleged contraventions concern home loan customer communications and arise from issues reported to ASIC in October 2018 and addressed via remediation in 2019. Remediation paid totalled $105,000, the bank said. ME Bank would not comment ...

Former adviser jailed for six years

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... guilty of 15 offences. Hopkins was the sole director of QWL, a financial planning and asset management firm. Between 14 October 2016 and 8 October 2019, Hopkins advised clients on their self-managed superannuation accounts, but had complete control of ...

Actuaries Institute unveils IDII recommendations

KARREN VERGARA  |  MONDAY, 24 MAY 2021
... intervention powers in the sector. APRA gave life insurers another year to have the new measures for IDII in full force by 1 October 2022. Formed in mid-2019, the taskforce comprises policy makers, regulators, insurers, consumer advocates, ratings houses ...

LGIAsuper reveals post-merger executive, board lineup

JAMIE WILLIAMSON  |  FRIDAY, 21 MAY 2021
... since September 2019. Likewise, Shawn Chan will remain as chief risk officer, having joined the fund as head of risk in October 2018 before being promoted to his current role in October 2019. Also remaining in their roles are LGIA's chief financial ...

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... see the corporate regulator in the Federal Court for several alleged breaches of the Corporations Act 2001. Between 26 October 2015 to 27 August 2018, ASIC alleges that Equiti FS paid three advisers bonuses worth $164,750 for property purchases made ...

UBS AM chief steps down

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... stepped up to oversee the Australia and New Zealand region in the interim. Bryce Doherty led the asset management unit from October 2013 and was the head of wholesale prior to his promotion. The firm said Doherty will leave in June to "pursue new challenges ...