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Showing 2461 - 2470 of 28255 results for "NOT"

Insignia Financial flags more remediation ahead

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... based on past experience." A further $41 million has been provisioned for a "small number of advisers" whose assessments are not yet completed. Insignia Financial said the assessment is based on "assumptions updated for the recent Quality of Advice detriment ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... address governance, accountability, and risk management deficiencies. This included the need to compensate any members who were not transferred to a MySuper product in a timely fashion. OnePath has already paid $1.46 million in fines for a total of 125 ...

Reconsider the home as a retirement income pillar: Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... 65 to 74 live in their own home, with retirees holding an estimated $1.3 trillion worth of housing equity. However, many do not consider their home a financial asset that could be actively managed, aside from potentially covering future aged care costs ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... secured creditor of New Quantum Holdings with $50 million invested, said the appointment of receivers or administrators does not directly affect New Quantum, Morrison Securities, or the other subsidiaries, which have independent management, and will ...

Rest awards private equity mandate to TowerBrook Capital

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
Rest has awarded a US$75 million ($112.15 million) mandate to transatlantic investment manager TowerBrook Capital Partners, for its Delta private equity impact fund. The Delta fund will invest in mid-sized private companies that are expected to generate ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... events, which may prompt a trustee to conduct a fit and proper check of an implicated director. While these directors might not be directly implicated, their association with a "tainted organisation" could affect their standing. Moreover, the process ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... into depositing and trading with more funds than they intended. "ASIC has reason to believe that Zakhaim and Anderson are not fit and proper, nor adequately trained or are not competent to provide financial services, act as an officer of, or control ...

Boutique ESG fund manager folds

KARREN VERGARA  |  FRIDAY, 19 JUL 2024
... know we have been able to have on ESG, human rights and sustainability in the ASX-listed company sector." Robyn Parkin did not provide a reason but went on to thank clients for and "for partnering with us in driving forward the conversation on responsible ...

Wealth managers rev up for Lifeline, Starlight

KARREN VERGARA  |  FRIDAY, 19 JUL 2024
... help us deliver an unparalleled experience while raising much-needed funds for Lifeline and Starlight Foundation." "It's not just about showcasing the impressive cars but also about creating a space where people can come together, meet new people ...

Perpetual global head of distribution exits

ELIZABETH FRY  |  FRIDAY, 19 JUL 2024
... independently. A person familiar with the matter said the decision to eliminate Quaife's role and streamline distribution is not a complete surprise, given the sale of Perpetual's corporate trust and wealth businesses to KKR. He noted that other ...