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Showing 1 - 10 of 83 results for "Settlement of"

Centrepoint completes $3m client book acquisition

VINNY VUCAGO  |  THURSDAY, 2 JUL 2026
... Pinnacle Wealth further expanding its salaried financial advice business. The ASX-listed advice group confirmed final settlement of the transaction occurred July 1, following agreements announced earlier this year. The acquisitions were completed through ...

Deutsche Bank names head of platform sales in Australia

ELIZA BAVIN  |  TUESDAY, 26 MAY 2026
... and rates. Deutsche Bank said clearing is a critical part of financial market infrastructure, enabling the secure settlement of derivatives transactions and supporting clients in managing counterparty risk. Hair will be based in Sydney and report to ...

AMP profits fall as Alexis George prepares to step down

ELIZA BAVIN  |  THURSDAY, 12 FEB 2026
AMP's statutory net profit took a hit as a result of the settlement of legacy class actions and its continuing business simplification process, coming in at $133 million, down from $150 million in FY24. However, underlying net profit after tax (NPAT) ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... at the EBITDA (operating profit level)," Sequoia said. The ASX-listed firm also announced that it reached a final settlement of $980,000 with a receiver in relation to an advice matter affecting the now-defunct Libertas Financial Planning. Sequoia acquired ...

CalSTRS secures US$190m settlement against Meta

JAMIE WILLIAMSON  |  TUESDAY, 25 NOV 2025
... directors pay US$190 million directly back to the company to the benefit of shareholders. It marks the second-largest settlement of a derivative action in the Delaware Court of Chancery's history in a case of this nature, the pension fund said. As part ...

Colonial First State, AIA agree $140m class action settlement

JAMIE WILLIAMSON  |  WEDNESDAY, 5 NOV 2025
... Super and Commonwealth Essential Super. Today, Shine Lawyers announced the parties have reached an in-principle settlement of $140 million, with the formal settlement deed still pending. The settlement is without admission of liability, it noted. In ...

AMP platform flows jump 61.6%

RIDDHIMA TALWANI  |  THURSDAY, 16 OCT 2025
... insurers and conclude the legal proceedings. It will receive a further $24 million, taking the total proceeds from the settlement of the claim to approximately $68 million.

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... the balance to be met by insurance. AMP said in reaching a settlement, it makes no admission of liability. "The settlement of this class action is another important step forward for AMP, which means we can put this legacy matter behind us," AMP chief ...

AOF asset settlement delayed, on track for June delisting

KARREN VERGARA  |  TUESDAY, 22 APR 2025
The Australian Unity Office Fund (AOF) has delayed the settlement of its Brisbane asset to August but insists that it is on track to shutter its doors before June. The settlement of 150 Charlotte Street, Brisbane was originally set to settle in late ...

Australian Unity Office Fund to be wound up

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... return aggregate proceeds to unitholders of between $1.20 to $1.23 per unit," Australian Unity said. "This assumes settlement of 468 St Kilda Road, Melbourne for net proceeds of $41.75 million and includes the special distribution from the sale of 64 ...
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