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Showing 1401 - 1410 of 6264 results for "DET"

ACCC on financial services priorities

CASSANDRA BALDINI  |  WEDNESDAY, 1 JUN 2022
ACCC chair Gina Cass-Gottlieb has said the regulator is focused on promoting effective competition, investigating allegations of anti-competitive conduct, and protecting the interests of consumers in the financial services sector. Speaking at an AFR ...

AGL abandons demerger, leadership resigns

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
Following shareholder opposition underscored by ESG concerns, AGL will no longer pursue a demerger; a move that sees the departure of its chief executive Graeme Hunt and chair Peter Botten. Today, AGL board of directors announced the company would withdraw ...

Spirit Super member data exposed after security attack

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
A Spirit Super data incident has resulted in approximately 50,000 member records from 2019/2020 being compromised. The data breach occurred on 19 May 2022 when a Spirit Super staff member's email account was caught up in a broad phishing attack campaign. ...

ClearView consolidates super, pension plans

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
ClearView undertook an intra-fund transfer last week, closing a more than 30-year-old superannuation and pension offering. The transfer occurred on May 19 and saw all ClearView Superannuation and Roll-Overs and ClearView Pension Plan members transferred ...

US Fed indicates several more half-percentage rate rises

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
At the latest Federal Reserve meeting most participants agreed that 50 basis point increases would likely be implemented in the coming months. As has been the case in prior meetings participants again agreed that the economic outlook was highly uncertain. ...

HESTA opposes AGL demerger

JAMIE WILLIAMSON  |  WEDNESDAY, 25 MAY 2022
The industry fund will not back the proposed demerger, saying it will not adequately support decarbonisation efforts and therefore wouldn't serve its members' best interests. HESTA said it has engaged with AGL and decided to vote against the demerger. ...

Challenger details future strategy, plans JV

JAMIE WILLIAMSON  |  TUESDAY, 24 MAY 2022
After announcing a restructure last week, Challenger has provided further detail on how it plans to diversify, including flagging its intention to enter a joint venture with SimCorp and naming a chief executive to lead it. Hosting its Investor Day today ...

AWOF unitholders to vote on trustee

JAMIE WILLIAMSON  |  MONDAY, 23 MAY 2022
AMP has confirmed it has received a letter from shareholders requesting AMP Capital be removed as trustee of its Wholesale Office Fund. In a statement to the ASX this morning, AMP said certain unitholders have requested a meeting to vote on a change ...

How AMP plans to bounce back

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
AMP's chair has explained how the group intends to improve its financial performance, while Alexis George outlined how the 173-year-old company will be transformed, with a strong focus on the retirement space. Kicking off the company's annual ...

Super home buyer scheme fails to move the needle

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
At first glance, the government's superannuation plan for homebuyers seemed a compelling proposition, but concrete analysis has revealed that at best it's only a marginal measure. The Financial Planning Association of Australia (FPA) has applauded both ...