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Showing 91 - 100 of 594 results for %22Bank of Queensland%22

PYSP reunites $4.3bn of lost super

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
... individuals' active super accounts, and approximately 995,000 accounts worth $573 million paid proactively into individuals' bank accounts - a power that only the ATO has," the minister for superannuation, financial services and digital economy Jane ...

Former Wallaby departs Westpac for NAB

ANNABELLE DICKSON  |  WEDNESDAY, 17 MAR 2021
... Westpac and in his most recent role led a team of over 200 in New South Wales and Queensland. Prior to this, Waugh was the bank's head of COVID-19 response and was responsible for the design, implementation, delivery of government-initiated business ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
The new best financial interests duty (BFID) could see members pay higher administration fees as the record-keeping obligations ramp up, superannuation funds and industry experts warn. The reforms, which are part of the Your Future Your Super legislation ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... from Western Australia who was refunded $4369 for advice fees charged when advice was never received and Deanne from Queensland who got $8445 worth of advice fees refunded. The creation of such services has led some to question whether, when the institution ...

Senator calls for super funds to stop shorting

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
... clarified in its 2020 annual members' meeting that it previously had a securities lending arrangement in place with State Street Bank and Trust Company which ended on 27 April 2020. "Through this arrangement, QSuper acted as the lender, earning a fee ...

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
The corporate regulator has taken NAB to the Federal Court, alleging the bank wrongly charged customers fees for at least 12 years. The regulator yesterday filed initial documents with the Federal Court's Queensland registry, seeking orders that NAB ...

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
Bank of Queensland has acquired industry super-owned ME Bank for $1.325 billion. The move sees BOQ acquire 100% of ME Bank for $1.325 billion cash, funded by an underwritten capital raising of $1.35 billion. The price represents 1.15 times ME's ...

AMP Bank boss exits

KARREN VERGARA  |  THURSDAY, 21 JAN 2021
The managing director of AMP Bank has left after a little over one year in the role. Rod Finch, who was appointed to the post in November 2019 shortly after AMP chief Francesco De Ferrari stepped in, has accepted a role as transformation director at ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... ($46.5 million), J.P. Morgan Australia ($46 million), Perpetual at ($40 million) and WAM Capital ($24 million). Commonwealth Bank had the highest tax payable bill from the big four banks at $3.2 billion, followed by Westpac at $3 billion, NAB at $2.1 ...

Investec to close Aussie business

KANIKA SOOD  |  WEDNESDAY, 9 DEC 2020
... Investec Australia recently sold its property funds management business, and in 2014 sold its professional finance business to Bank of Queensland. "The decision was not taken lightly, and while unfortunate timing, we wanted to ensure we were as transparent ...