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Showing 1061 - 1070 of 10516 results for "SET"

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
Super Members Council (SMC) has slammed the Coalition's plan for young Australians to use their super for a house deposit, saying new modelling shows it could cost taxpayers a cumulative $1 trillion. SMC said even a policy which capped super withdrawals ...

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
J.P. Morgan Securities Australia Limited (JPMSAL) has been hit with a $775,000 fine by the Markets Disciplinary Panel (MDP) following an investigation by the Australian Securities and Investments Commission (ASIC). The MDP found JPMSAL permitted suspicious ...

AFCA and CSLR sign MoU

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
The Australian Financial Complaints Authority (AFCA) and Compensation Scheme of Last Resort (CSLR) have signed a Memorandum of Understanding (MoU) setting out how they will work together to support a fair and efficient financial services sector. The ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... Funder's Entitlement." Corrs Chambers Westgarth led the class action on behalf of applicants. The settlement approval hearing is set to commence on August 29. In a statement to Financial Standard, an AMP spokesperson said: "AMP Financial Planning ...

Dexus completes $300m raising

ELIZA BAVIN  |  TUESDAY, 7 MAY 2024
... investor interest from domestic and international investors who believe that the current market environment offers the right set of circumstances for opportunity style investing," DREP fund manager Jason Howes said. Dexus said the capital raise attracted ...

Farewell TelstraSuper: Largest corporate fund explores merger options

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... said. TelstraSuper also said that it needs to move to a new custodial arrangement as its current contract with J.P. Morgan is set to expire in 2025, which is a "significant task" for the fund. "... again, a merger will facilitate the timely replacement ...

Charles River appoints new head of APAC

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
Charles River Development (CRD) has appointed Vinayak Bhat as senior vice president, head of Asia Pacific (APAC), where he will be responsible for all business oversight within the region and collaboration with State Street Alpha. Charles River, provider ...

Pinnacle backs fledgling UK boutique

KARREN VERGARA  |  FRIDAY, 3 MAY 2024
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 ...

Asset managers prioritising product quality: Northern Trust

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
... priority by 72% of respondents, while 70% chose improving the investor experience, and 60% selected expanding their product set. In contrast, only 46% of respondents identified controlling costs as their top strategic priority in the next two years. ...

Count upgrades synergy benefits after Diverger acquisition

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
... January. The Federal Court approved the deal on February 15. Meantime, former Diverger managing director Nathan Jacobsen is set to start a new role as Vital Business Partners chief executive later this month. Following the acquisition of Diverger, Jacobsen ...