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Showing 2151 - 2160 of 14210 results for "Interest"

Regulator issues interim stop orders

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
Deficiencies in its target market determination has seen interim stop orders placed on the Pivotal Diversified Fund offered by Vasco. Vasco Responsible Entity Services is prohibited from issuing interests in, providing a product disclosure statement ...

AMP, Dexus deal delayed

CASSANDRA BALDINI  |  MONDAY, 9 JAN 2023
... announced the condition precedent for the transaction's completion relates to the transfer of AMP's ownership interest in China Life AMP Asset Management (CLAMP) from entities being acquired by Dexus. Dexus explained the parties agreed to extend ...

Former adviser sees ban reduced

CHLOE WALKER  |  MONDAY, 9 JAN 2023
The Administrative Appeals Tribunal (AAT) reduced the period and scope of the ban imposed on former financial adviser Ashok Sherwal. Sherwal, who was an authorised representative of six different licensees over the past seven years, was originally banned ...

Cbus stalwarts retire, union leader returns

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... passion for supporting migrant workers and culturally diverse communities to the superannuation sector." "She has a keen interest in governance through her work at the AMWU, her experience from service on government and NGO boards, and her insights and ...

NZ sovereign wealth fund, Northern Trust extend relationship

CHLOE WALKER  |  TUESDAY, 20 DEC 2022
New Zealand Superannuation Fund (NZ Super Fund) has extended its longstanding asset servicing and custody relationship with Northern Trust, following a review process earlier this year. Northern Trust will continue to provide the $58.7 billion super ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
Amid a year of economic turbulence and soaring inflation, Financial Standard's most read stories reveal attention was once again focused on the evolving superannuation sector. The worst performing super products and funds underscore the majority ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
ASIC has commenced the first ever court case against a financial product distributor for alleged breaches of design and distribution obligations (DDO). The regulator commenced the civil penalty action in the Federal Court against Firstmac Limited following ...

Infratil sets up Aus focused renewable energy platform

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... company will invest in Mint Renewables alongside the Commonwealth Superannuation Corporation (CSC). Infratil owns a 73% interest in Mint Renewables, with CSC owning the remaining 27%. The investment involves initial capital commitments of $300 million ...

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
Mine Super and TWUSUPER have signed a preliminary non-binding Memorandum of Understanding (MoU) to merge. If undertaken, a merged entity would create a combined fund managing nearly $20 billion for over 150,000 members. Mine Super chair Christina Langby ...

Pathzero completes Series A fundraising round

ELIZABETH FRY  |  WEDNESDAY, 14 DEC 2022
... and common language required for joint decarbonisation actions." "Since the roll-out of Navigator we have seen immense interest from the market and have closed some cornerstone deals," said Pathzero chief executive Carl Prins. "This interest reflects ...