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Showing 161 - 170 of 816 results for "Settlement"

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... share price following allegations of misconduct by the Financial Services Royal Commission. Most of the $110 million settlement will come from AMP's available insurance proceeds. However, AMP said that it makes "no admissions of liability" in relation ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... under the plaintiff name of "Komlotex", while Slater and Gordon referred to its case as "Fernbrook". Commenting on the settlement, Maurice Blackburn said: "The trial was due to commence today but it has now been vacated. The settlement is subject to ...

Institutional investor pumps $750m into Qualitas fund

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... selection by applying an equity lens on our credit investments," he said. "Progress on deployment depends on the timing of settlement on investment opportunities that align with our risk framework and appetite." In May, Qualitas announced a $1 billion ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... business is expected to be sold to Waystone Group in October. Link said it expects to provide for about $390.9 million in settlement and redress costs in the second half of FY23, with a gain of $280.3 million expected when the sale completes in FY24. ...

ASX appoints former ASIC chair to lead advisory group

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... will serve as independent chair and lead the stakeholder group responsible for advising the ASX's clearing and settlement boards during their efforts to rectify the CHESS replacement debacle. The ASX said members of its advisory group will include ...

Review forces ASX to fix intra-group conflicts

KARREN VERGARA  |  MONDAY, 31 JUL 2023
... conflicting commercial interests among the parent company as a listed entity and its subsidiaries, ASX Clear and ASX Settlement, with respect to the current governance of CHESS and its long-drawn-out replacement. HSF was tasked by the Reserve Bank of ...

ASIC to host CHESS replacement roundtable

CHLOE WALKER  |  MONDAY, 17 JUL 2023
... bourse's choosing. ASIC proposed the group be independently chaired and "advise on significant strategic clearing and settlement issues relating to cash equities trading in Australian markets with a focus on CHESS replacement." The roundtable is ...

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
... customers' best interests," Slater and Gordon class actions practice group leader Kirsten Morrison said. It is the largest settlement achieved by the law firm in a group proceeding to date. The settlement, which is subject to court approval, was ...

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
Luci Ellis will join Westpac as its new chief economist after almost 15 years with the Reserve Bank of Australia (RBA), succeeding the long-serving Bill Evans. Ellis will join the bank in October while Evans will stay with the group and transition into ...

Selfwealth chief in sudden exit

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
The chief executive of online trading platform Selfwealth has left the ASX-listed firm with "immediate effect". Cath Whitaker vacated the top job she assumed in April 2021. Paul Cullinan, currently the interim chief financial officer, will assume the ...