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Showing 1541 - 1550 of 9061 results for "Part 23"

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
Westpac has reached a $29.95 million settlement in a class action relating to the bank's subsidiaries, BT Funds Management Limited and Westpac Life Insurance Services Limited. Tens of thousands of Australians may receive compensation following the ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
Industry groups, consultants and research houses have reacted to findings about Australia's best and worst performing super funds. APRA heatmaps for MySuper products were released yesterday, exposing many sub-par products, but some in the industry ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
Amid a year of economic turbulence and soaring inflation, Financial Standard's most read stories reveal attention was once again focused on the evolving superannuation sector. The worst performing super products and funds underscore the majority ...

Centuria buys $70m tomato farm

CHLOE WALKER  |  FRIDAY, 16 DEC 2022
Centuria Agriculture Fund (CAF) has secured one of South Australia's largest glasshouse assets for $70 million in an off-market transaction. As part of the deal, CAF will enter a 20-year sale and leaseback arrangement in respect of the property with ...

Market manipulator sentenced

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
Benjamin Cooper has been sentenced for conspiring to manipulate the share price of Quantum Resources, now known as Nova Minerals Limited. Cooper was sentenced to 15 months imprisonment, to be released immediately after paying $6000 and undertaking a ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
ASIC thinks regulatory intervention has improved lenders target market determinations (TMD), but it still harbours concerns over product descriptions. ASIC Report 754 focuses on small amount credit contracts (SACCs) due to the overrepresentation of ...

Apollo increases Challenger stake

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
Apollo Global Management has taken a further stake in Challenger, it now has 19.1% voting power in the ASX-listed investment manager. As previously reported by Financial Standard, last year, Will Vicars' Caledonia sold its 15% stake in Challenger to ...

ASIC proceedings name Pendal board member

ANDREW MCKEAN  |  TUESDAY, 13 DEC 2022
ASIC has started civil penalty proceedings against 11 current and former directors and executives of Star Entertainment Group, including a Pendal Group director. ASIC deputy chair Sarah Court argued that the Star's board and executives failed to ...

More alpha gains through ops

ELIZABETH FRY  |  TUESDAY, 13 DEC 2022
Growth in fund complexity and managing assets in-house has triggered intensive efforts by pension funds to beef up their operational and support functions. JANA principal consultant and head of operational consulting, Jo Leaper, says there is a growing ...

PPS Mutual unveils new income protection product

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
PPS Mutual has launched a new income protection (IP) insurance product while bolstering its existing offering. The life insurer's new product, IP Prime 70, will allow professionals to cover up to 70% of their income, depending on their income level. ...