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Showing 1291 - 1300 of 7677 results for "Deal"

GAM loses insto mandate

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... gifts and entertainment not disclosed appropriately. Both parties received a 30% discount on their fines for agreeing to deal with the matter in a timely manner, resolving it in December 2021. Editor's note: This story was updated at 4pm to reflect ...

Excise tax, super top budget worries

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... cutting the excise is no silver bullet. "The petrol excise is 44.2 cents a litre. Getting rid of it doesn't make a great deal of sense. It raises about $22 billion a year and that is earmarked for investment in roads and infrastructure. It's also the ...

APRA suspends IDII work, "disappointed" in industry

ELIZABETH MCARTHUR  |  FRIDAY, 25 MAR 2022
... Treasury reviews; seek to identify possible alternative ways to effectively address the risk of price being the only lever to deal with contract terms that are not sustainable; and strengthen engagement with financial advice bodies. APRA did acknowledge ...

Equity Trustees wins Hejaz mandate

CHLOE WALKER  |  THURSDAY, 24 MAR 2022
Hejaz Asset Management has appointed Equity Trustees as responsible entity of three new Sharia-compliant funds. The three funds are the Hejaz Equity Fund, the Hejaz Property Fund and the Hejaz Income Fund. The Equity Fund aims to match the returns of ...

Plans to remedy NALI, NALE issues welcomed

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
The industry has welcomed news that the government will consult on the appropriate operation of non-arm's length income and expense provisions. Announced yesterday, minister for superannuation Jane Hume said the government intends to reform the provisions ...

Dealer group faces anti-hawking charges

JAMIE WILLIAMSON  |  TUESDAY, 22 MAR 2022
A Brisbane-based financial advice business has been charged with anti-hawking offences after cold calling consumers and pushing them to roll over their super into a new product. National Advice Solutions appeared in Southport Magistrates Court in Queensland ...

ASIC issues warning to finfluencers

JAMIE WILLIAMSON  |  MONDAY, 21 MAR 2022
The corporate regulator has issued information for social media influencers who discuss financial products and the licensees who use them, warning they face substantial penalties if their content contravenes financial services law. The information sheet ...

ASIC opens CCIV licensing consultation

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
... application process - AFSLs wanting to apply and operate a CCIV and those seeking to provide financial product advice on and/or deal in CCIV securities. It also looks at the administration of licensee obligations that apply to CCIV corporate directors. ...

KKR acquires real estate manager

ELIZABETH MCARTHUR  |  FRIDAY, 18 MAR 2022
KKR will acquire one of the largest real estate managers in Japan, after signing a deal with Mitsubishi and UBS. KKR is acquiring all the outstanding shares of Mitsubishi Corp.-UBS Realty (MC-UBSR) from Mitsubishi and UBS Asset Management in an all-cash ...

Super mergers only beginning: J.P. Morgan

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
... we're a destination fund for some of the other funds to merge with is because we've got a track record now of getting the deal done and delivering on the promise of benefits to members. For example, for the VicSuper members who joined us last year, we've ...