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Showing 1801 - 1810 of 6264 results for "DET"

Court rules insurers to cover COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
The NSW Court of Appeal has ruled pandemic exclusions are invalid, and insurers will have to cover COVID-19; a ruling that has seen IAG go into a trading halt. IAG entered a trading halt on the back of the news, with the ruling possibly meaning insurers ...

Shipton's tax bill under scrutiny

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
The Australian National Audit Office (ANAO) has answered questions in regards to the remuneration of ASIC chair James Shipton and former deputy chair Daniel Crennan. At the parliamentary joint committee on corporations and financial services, chair ...

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
A former financial adviser has pleaded guilty to misappropriating $2.9 million of client funds by transferring the money to his own accounts for personal use. Ross Hopkins from NSW, appeared at the Downing Centre Local Court, where he pleaded guilty ...

ASIC opens consultation on scaled advice

ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
The Australian Securities and Investments Commission (ASIC) is calling on financial advisers to provide feedback to its consultation paper on affordable scaled advice. As previously announced last month, ASIC's latest consultation paper, Promoting access ...

Clime to wind up Australian value fund

KANIKA SOOD  |  TUESDAY, 17 NOV 2020
The 14-year-old fund is headed for the door as asset growth falters. The Clime Australian Value Fund was set up in 2006 (wholesale units followed in 2011) and had $79 million in total assets at June end. It targeted capital growth and a growing level ...

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
A $65 billion industry fund is now home to the members of a corporate super plan after a successor fund transfer, which had been delayed, was completed. The IAG & NRMA Superannuation Plan first announced it would merge with Sunsuper in February 2019. ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
Senator Jane Hume is cracking down on how superannuation funds spend members' money and subjecting them to the same stringent reporting and disclosure requirements as publicly-listed companies. The Minister for Superannuation, Financials Services ...

ASX market outage lasts all day

ELIZABETH MCARTHUR, KANIKA SOOD  |  MONDAY, 16 NOV 2020
The ASX equity market paused trading this morning, and will not open until tomorrow morning. The market will not open again until 10am tomorrow as the ASX works to fix the issue. Today was the go-live for the refreshed ASX Trade system, which is the ...

Perpetual gets green light for acquisition

ELIZA BAVIN  |  FRIDAY, 13 NOV 2020
Perpetual has been given the green light for its acquisition of a US-based asset manager. Perpetual announced in July it was seeking to acquire a 75% stake in $64 billion Barrow, Hanley, Mewhinney & Strauss (Barrow Hanley). The remaining 25% interest ...

ESG push not going anywhere

ELIZA BAVIN  |  FRIDAY, 13 NOV 2020
Close to 90% of investors globally are asking their fund manager for environmental, social and governance (ESG) products, according to the 2020 EY Global Alternative Fund Survey. According to the survey, allocators are increasingly focused on ESG products ...