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Showing 1821 - 1830 of 6264 results for "DET"

Westpac extends chief executive's contract

ANNABELLE DICKSON  |  FRIDAY, 30 OCT 2020
The board of Westpac has amended chief executive Peter King's employment contract, removing the initial two-year term. King confirmed he has committed to a multi-year plan to turn the company around. His other contract terms remain unchanged. Chair ...

Link rejects revised offer

KARREN VERGARA  |  THURSDAY, 29 OCT 2020
Link Group has rejected another offer made by the consortium which increased its bid to $5.40. The consortium led by Pacific Equity Partners and Carlyle Group increased its offer price on October 26. After careful consideration, Link rejected the offer ...

ASIC's Chester spills Crennan truth

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
ASIC deputy chair Karen Chester brought to light discrepancies in Daniel Crennan's resignation statement in front of a senate hearing, clarifying the dates that he found out about the issues that led to his resignation. Former deputy chair Crennan said ...

ASFA proposes MySuper test

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
The Association of Superannuation Funds of Australia is suggesting an alternative one-off test to weed out underperforming default funds in place of the government's recent proposals. ASFA's Lifting the Bar proposal will examine MySuper products and ...

Russell launches new super product

ELIZABETH MCARTHUR  |  TUESDAY, 27 OCT 2020
Russell Investments has launched a new personalised super product, replacing its MySuper offering as it eyes mandates from other funds. The new offering is called GoalTracker and Russell says it is the first personalised superannuation product to launch ...

IOOF compensation bill soars

KARREN VERGARA  |  MONDAY, 26 OCT 2020
The former pensions and investments business of ANZ has exacerbated IOOF's client remediation bill, which has now topped $760 million. The provision for ex-ANZ P&I took the lion's share of the total remediation bill at $197.9 million. The firm ...

Chief economist update: A V, a W and an L

BENJAMIN ONG  |  MONDAY, 26 OCT 2020
The latest results from the monthly Markit Economics PMI (purchasing managers' index) draws a picture of the three shapes of the economic recovery or otherwise. The letter V. Masked or unmasked, the IHS/Markit flash US composite PMI continues to ...

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
ASIC chair James Shipton has stepped aside pending the outcome of a review into his remuneration arrangements. Tabling the 2019/20 ASIC annual report today and addressing the Senate Estimates committee, Shipton flagged certain relocation expenses incurred ...

IOOF fund operations lead departs

JAMIE WILLIAMSON  |  THURSDAY, 22 OCT 2020
IOOF's head of fund operations has farewelled the group after more than two decades. A spokesperson for IOOF has confirmed the departure of Steven Sorraghan, head of fund operations. His leaving marks the end of a lengthy career with the group, as Sorraghan ...

Bendigo and Adelaide Bank overstates liquidity

ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
The Australian Prudential Regulation Authority (APRA) has imposed an independent review into Bendigo and Adelaide Bank's liquidity after it failed to comply with liquidity standards. Bendigo and Adelaide Bank informed APRA last month of breaches to ...