Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1641 - 1650 of 12383 results for "May"

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... the investment product to those offered by various banks. ASIC explained that in this time, Bobbob made representation that may have led consumers to believe the crypto-asset linked investment product was approved or licensed by the regulator. Further ...

EQT launches new wholesale fund down under

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... strategies. It will also co-invest in companies alongside EQT's funds. Following its successful launch in the Nordics in May, Australia is the second market to go live in a global rollout. EQT head of capital raising Australia Martin Donnelly said ...

Former adviser lands in jail

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... contacted the police. According to ASIC's Financial Adviser Register, Sebo was licensed under MCA Financial Planners between May 2014 and September 2018. Between January 2009 and April 2014, he was at Sentry Financial Planning. ASIC cancelled Platinum ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... pay affected clients. ASIC found examples of prescriptive approaches, such as a predefined number of contact attempts, which may be insufficient in certain circumstances. ASIC did not name the licensees it investigated but has written to them about its ...

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... said: "Customers deserve clear and accurate information about available funds in their accounts and what fees and charges may be applied." "Many ANZ customers relied on the account information displayed by the bank and were charged fees that were inconsistent ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... this month, citing higher operating costs and increased complexity due to regulatory changes. It had just 125 members. In May, Mercer confirmed it would take on the Holden Employees Superannuation Fund (HESF) after the latter flagged cost pressures associated ...

NextGen Financial Group forced into liquidation

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... peril. "Not only does failure to satisfy a determination give ASIC a clear basis for cancellation of an AFS licence, but it may also lead to a loss of control of a company through the placement of it in the hands of liquidators," she said. "Liquidators ...

Nanuk hires from Ellerston

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... fuelled by heightened demand from investors and advisers seeking deeper engagement with sustainable investments," he said. In May, the sustainable and responsible investment manager added a currency hedged unit class to the Nanuk New World Fund to provide ...

HMC Capital reaches first close on fund

CASSANDRA BALDINI  |  MONDAY, 25 SEP 2023
... leased to leading Australian operator, Healthscope. The fund successfully settled on $474 million of Healthscope hospitals in May. UHF will settle the remaining $470 million with third-party institutional capital in early October. According to HMC Capital ...

Josh Frydenberg takes over as Goldman Sachs chair

CASSANDRA BALDINI  |  THURSDAY, 21 SEP 2023
... pleased to have made the appointment. "Please join us in wishing Josh continued success in his expanded role," he said. In May last year, Frydenberg abandoned his political career following his election defeat to member representative Monique Ryan. He ...