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Showing 1311 - 1320 of 3712 results for "Order"

AMP class actions consolidated

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
The NSW Supreme Court has ordered only one of several class actions launched against AMP can proceed. In a judgement late last week, the NSW Supreme Court ordered only one of the five class action lawsuits filed against AMP in the wake of its Royal ...

Major instos hit with cartel class action

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
... the banks used chat rooms with names such as 'The Cartel', 'The Bandits' Club' and 'The Mafia' to talk to each other in order to coordinate the manipulation of FX benchmark rates, control the pricing of spreads and to trigger client stop loss orders ...

Former Beacon adviser banned

KANIKA SOOD  |  FRIDAY, 24 MAY 2019
... shows. The corporate regulator banned Bruni from providing any financial services permanently earlier this month. The banning order was made under the Corporations Act 2001 sections 920A(1) and 920B(2). Section 920A gives ASIC the power to ban a person ...

Chief economist update: It'll hurt me more than it hurts you

BENJAMIN ONG  |  FRIDAY, 24 MAY 2019
... capacity developing," it said. "Flash Services PMI down 2.1 points to 50.9 (est. 53.0). Slowest expansion since Mar-16. New order growth slowed for third-straight months, while employment growth fell to 25-month low. Initial claims down 1K to 211K (est. ...

ASIC bans adviser over super theft

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
... employee to construct a back-dated Statement of Advice which was presented to his licensee, the now defunct AFS Group, in order to attempt to defend a complaint that was being investigated. It was reported some of McSweeny's clients lost between ...

APRA flexes new muscles

HARRISON WORLEY  |  WEDNESDAY, 22 MAY 2019
APRA has invoked its new powers for the first time, directing IOOF and its superannuation entities to implement and maintain an Office of the Superannuation Trustee (OST) within the group or risk facing a financial penalty. The move comes after IOOF ...

Calastone blockchain goes live

KANIKA SOOD  |  TUESDAY, 21 MAY 2019
The global funds network that has transacted for over 1100 funds in its Australian network has gone live with blockchain-powered infrastructure. Calastone has migrated 1800 customers from 41 markets to the new distributed market infrastructure (DMI). ...

Industry super fund appoints new chair

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... in several non-executive directorships and Catholic Church welfare organisations. In 2012, he was awarded a Member of the Order of Australia. "I would like to thank the board, management and members of the fund for their support over the past 12 years. ...

Super funds grapple with PYSP deadline

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... refund obligations; Applicability of the requirements to retirement or pension phase products; and Implementation of second-order impacts, such as increases in group life insurance premiums. These challenges highlight the importance of thorough industry ...

Insurtechs improve life insurance inefficiencies: Report

KARREN VERGARA  |  THURSDAY, 9 MAY 2019
... "The research found that only 18% of insurtechs believe incumbents are currently doing enough to collaborate with them in order to truly drive industry innovation," he said. Over 2019, Australia's insurtech ecosystem grew by 53%. Contributing to this ...