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Showing 91 - 100 of 475 results for "Discover"

Spirit Super investment bought out

ELIZABETH MCARTHUR  |  FRIDAY, 8 APR 2022
A company Spirit Super invested in and helped develop has been purchased by NASDAQ listed NetApp. Instaclustr was purchased by NetApp. Instaclustr is a platform for deploying and managing open-source data and workflow applications. Instaclustr was developed ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
The Federal Court has imposed combined penalties of $4 million on Statewide Super for providing members with misleading information regarding their insurance and failing to report the issue to ASIC in the time required. Between 2017 and 2020, Statewide ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
Members of Media Super have received an apology from the fund after it was discovered the information underpinning its benefit projection tool hadn't been updated since 2015. Media Super's Retirement Income Simulator was made available on its public ...

Economic recap: Week to November 26

BENJAMIN ONG  |  MONDAY, 29 NOV 2021
Out of (South) Africa Just when citizens of Planet Earth were beginning to enjoy their new-found freedom - through herd immunity, increased vaccinations and/or learning to live with Delta - comes a new kid in town. And it's name is Omicron. The discovery ...

Caddick's assets will be sold

ELIZABETH MCARTHUR  |  TUESDAY, 23 NOV 2021
The assets of missing alleged conwoman Melissa Caddick, including a Sydney home worth more than $6 million, must be sold to pay back victims. The Federal Court has found Caddick and her company, Maliver, carried out a financial services business without ...

Copia hires from BT

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
Copia Investment Partners appointed the former regional manager distribution for BT Open as distribution manager for Queensland. Greg Black spent around 15 years at BT in distribution roles including state manager at BT Wrap and national manager, network ...

MFS Investment Management launches new trust

ANNABELLE DICKSON  |  WEDNESDAY, 29 SEP 2021
The US$685.5 billion fund manager has opened a multisector, small and mid-market-cap equity trust to Australian and New Zealand investors. The MFS Global New Discovery Trust aims to generate alpha by selectively investing in high-quality companies within ...

Super funds to front committee hearing

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
... assets within Australian listed equities and unlisted assets, often across competing entities. The committee wants to discover whether such concentration of capital and common ownership structures causes negative outcomes for smaller retail shareholders ...

Breach reporting guidance released

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
... thing by consumers, and ultimately their firm and shareholders," she said. AFS licensees must report breaches that they discover after 1 October 2021, even if the breach occurred before that date. However, credit licensees do not have to report breaches ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
An ASIC survey of super funds about their preparedness for the new enforceable internal dispute resolution (IDR) obligations identified areas of weakness. The specific areas identified by the regulator as needing improvement include attention to governance ...