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Showing 141 - 150 of 7568 results for %22June of%22

AFCA consults on advice, MIS compensation

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... publish its final approach in late December or early 2024. The Compensation Scheme of Last Resort (CSLR) laws, which passed in June, entitles investors who have not received their determination amount, compensation of up to $150,000. It does not cover ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... delays in obtaining compensation or access to moneys to which they were found to be entitled," ASIC said. In the year to June 2023, TelstraSuper received only 33 AFCA complaints. Only six cases were resolved in favour of the super fund. ASIC deputy chair ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... trimmed by $169 million; these revisions will be disclosed in financial reports for the periods ending 31 December 2023 and 30 June 2024. In a recent statement to the ASX, Link explained that while the company considered its preliminary accounting treatment ...

Licensees flout breach reporting regime: ASIC

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
... situations regime two years on. Of the 16,836 reports ASIC received from financial services and credit licensees in the year to June 2023, 17% took over one year to identify and commence an investigation into an issue after it first occurred. About 250 ...

MLC Life names operations, people chiefs

KARREN VERGARA  |  TUESDAY, 31 OCT 2023
... operating officer after serving as chief operating and people officer for the last nine months. Murray joined the life insurer in June 2020 as chief people officer. Prior to MLC Life, she held senior human resources roles at Estia Health, AXA, AMP and ...

Willis Towers Watson sheds more corporate super plans

JAMIE WILLIAMSON  |  TUESDAY, 31 OCT 2023
... RSE, Wycomp. "The TWSF has closed and all members are required to move their benefits elsewhere," the website reads. As at June 2022, it held $31.3 million.

Financial services firms hit with criminal charges

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... Securities and Brava Capital neglected to file financial accounts and auditor's reports for each financial year from 30 June 2020 to 30 June 2022. ASIC revoked the AFSL of APC Securities in July, coinciding with Sutton's permanent ban. ASIC found ...

Regal Partners, PM Capital confirm acquisition talks

CASSANDRA BALDINI  |  MONDAY, 30 OCT 2023
... remain unfinished. According to Rainmaker Information, PM Capital's total funds under management sat at $2.6 billion in June. In the same month, PM Capital reported its Australian Companies Fund had $98.7 million in net asset value (NAV). Meanwhile ...

Federal Court freezes assets of pension platform

CASSANDRA BALDINI  |  MONDAY, 30 OCT 2023
... position unclear. According to ASIC, Brite failed to lodge its statements and auditors report for the financial year ending 30 June 2022. Further, ASIC said the value of funds under management has not been reported by any entity within the Brite Group ...

Local fund managers lag global peers: FSC

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
... management industry boasts with $4.31 trillion in funds under management (FUM) as of September 2022 - an increase of 13% from June 2020. At the same time, however, the proportion of assets managed in Australia on behalf of overseas investors is only ...