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Showing 1301 - 1310 of 4000 results for "Administration"

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
... licenses and industry experts, we will continue to empower and better serve our clients." Sargon entered external administration at the hands of one of its Chinese creditors, Taiping Trustees, on January 30. Since then, Sargon has appointed voluntary ...

HUB24 also in line at Sargon

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... as first reported by Financial Standard. It has appointed KordaMentha as its advisers to oversee the voluntary administration process and has the right to appoint receivers and managers, according to the minutes. One of the eight companies, Sargon Services ...

Link's superannuation arm takes a hit

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... client losses and regulatory reforms impacted the segment. Reporting its half yearly results to the market today, administration and services giant Link Group posted 5.9% lower revenue from its retirement and superannuation solutions business than the ...

Sargon finds buyer for trustee business

KANIKA SOOD  |  THURSDAY, 27 FEB 2020
... administrators of eight Sargon companies earlier this month, after Sargon's Chinese lender forced it into external administration over missed payments on a loan. Yesterday, OneVue Holdings chief executive Connie Mckeage said the company understood ...

Queensland adviser barred from industry

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
... arranged for his clients to lend money to his various entities, including Belbrooke as trustee for the Belbrooke Administration Trust and the Belbrooke Mortgage Trust, and Ochkit as trustee for the Houwing Family trust. ASIC found there to be a conflict ...

Ethical super fund cuts fees

HARRISON WORLEY  |  WEDNESDAY, 26 FEB 2020
An ethical superannuation fund is set to cut its administration fee by 12 basis points as it looks to pass on scale benefits. Australian Ethical will drop the percentage-based administration fee it charges to members from 0.41% to 0.29% p.a. in April. ...

Freedom Insurance appoints liquidators

KANIKA SOOD  |  MONDAY, 24 FEB 2020
... all of the questions). Last April, Freedom said it planned to eventually cease operating and would offload its administration and financial advice businesses. Its troubles began in 2018 when a Royal Commission hearing revealed it had sold insurance to ...

Xplore Wealth outlines 2020 plans

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... access to unregistered schemes due to launch in February. In the third quarter, Xplore will launch a Third Party MDA administration solution, which will offer advisers an MDA provider licence and upgraded investment modelling tools. In the second-half ...

OneVue recoups $4.36m from Sargon

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
... other entities associated to Phil Kingston defaulted on a loan from a Chinese lender and were forced into external administration in late January, OneVue appointed its receivers and managers to SC Australian Holdings 1 Pty Ltd, against which it had a ...

Focus to acquire stake in MEDIQ

KANIKA SOOD  |  WEDNESDAY, 19 FEB 2020
... management fees earned by its partner firms. The remaining revenue comes from other services such as recordkeeping, administration service fees, commissions, distribution fees and fees from outsourced services. Between January and September last year ...