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Showing 191 - 200 of 1588 results for "Majority of"

AMP loses management of ACRT

JAMIE WILLIAMSON  |  MONDAY, 5 SEP 2022
... external entity following a decision by unitholders. On Friday, AMP notified the ASX it had received notice from the majority of unitholders in the ACRT of their intention to move management elsewhere. AMP said the decision to change manager doesn't ...

CSLR establishment is critical: FPA

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
... schemes," Abood said. "This would leave financial planners to foot most of the bill for a scheme that would have left the majority of affected consumers unprotected." At present there is $3.7 million in unpaid AFCA determinations relating to financial ...

Tax exemptions overwhelmingly benefit the wealthy: OECD

CHLOE WALKER  |  FRIDAY, 22 JUL 2022
... some of the upward pressure on house prices, while continuing to exempt capital gains on the main residence for the majority of households," it said. It also said "caution should be exercised" when handing out tax incentives to encourage people to buy ...

Latest AFCA data shows big shifts in complaints

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
... Complaints about account administration errors also increased slightly, with 506 recorded in FY22 versus 487. The majority of other complaints received about super funds focused on delays in claim handling (737), denial of claims (438), and claim amounts ...

Mirvac to become trustee of AWOF

ANDREW MCKEAN  |  TUESDAY, 19 JUL 2022
... Capital and Dexus putting forward a combined proposal to retain management of AMP's Capital Wholesale Fund, a requisite majority of the investors approved a resolution to replace the current trustee with Mirvac. AMP said its "compelling proposal" to ...

Super funds are ready for RIC: Data

CASSANDRA BALDINI  |  TUESDAY, 28 JUN 2022
... believe they are well-prepared to meet their RIC obligations," it stated. "However, while senior executives in the majority of super funds believe they have a well-articulated strategy to comply with the RIC, product managers and those responsible for ...

Blackstone one step closer on Crown deal

ANDREW MCKEAN  |  FRIDAY, 10 JUN 2022
... the regulatory green light has accelerated the manager's proposed acquisition of Crown; a move that an overwhelming majority of Crown shareholders voted in favour of at a May 2022 meeting. Having attained regulatory approval in both NSW and Victoria ...

AFCA adopts user pays funding model

CASSANDRA BALDINI  |  TUESDAY, 31 MAY 2022
... Adopting a 'user pays' model, the Australian Financial Complaints Authority's new funding model will see the vast majority of financial services firms pay the same or less than they have previously. The new funding model follows extensive consultation ...

AGL abandons demerger, leadership resigns

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
... to set Paris-aligned targets for the proposed demerged entities, the board of AGL ignored a fundamental demand of a majority of shareholders less than a year ago, and they've now paid the price." AGL said the board will review the company's strategic ...

What the election result means for ESG

CASSANDRA BALDINI  |  FRIDAY, 27 MAY 2022
... portfolios. Chair of Frontier's responsible investment group Joey Alcock said whether the Albanese government can secure a majority of seats in the lower house or not, the message delivered on climate change importance is very clear. "We have been advocating ...