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Showing 231 - 240 of 6063 results for "Commission"

Vanguard fined US$106m for investors' massive tax bill

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
The Securities and Exchange Commission (SEC) charged Vanguard US$106.4 million for "materially misleading" investors in the Investor Target Retirement Funds (Investor TRFs) about their future tax liabilities. The failings relate to Vanguard dropping ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
More companies will divest their superannuation administration offerings in 2025, according to Finura, as super funds potentially move this service in-house amid tighter scrutiny from the regulators. ASIC suing Cbus for poor member claims experience ...

Grattan Institute renews calls for best-in-show super funds, partial annuitisation

KARREN VERGARA  |  MONDAY, 20 JAN 2025
The Grattan Institute is urging the government to mandate the partial annuitisation of Australians' superannuation and implement the 'best-in-show' list of funds to help simplify a "complex" system and allow retirees to spend their savings ...

MA Financial readies first LIT for launch

MATTHEW WAI  |  MONDAY, 20 JAN 2025
... MA Financial has today formally lodged a product disclosure statement with the Australian Securities and Investments Commission (ASIC). Ord Minnett and MA Moelis Australia Advisory have been appointed at the joint lead arrangers and joint lead managers. ...

ASIC names new chief executive

MATTHEW WAI  |  FRIDAY, 17 JAN 2025
The Australian Securities and Investments Commission (ASIC) has named a chief executive, following Warren Day's abrupt exit in June last year. Australian Competition and Consumer Commission (ACCC) chief executive Scott Gregson will join ASIC on March ...

FAAA accuses government of crucial CSLR failure

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... costs and benefits of the CSLR," FAAA chief executive Sarah Abood said. "Statements were made that the Hayne Royal Commission process was considered to be the equivalent of an Impact Analysis. "We believe that this decision is deeply flawed and inappropriate ...

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
... Blackstone, KKR, and Carlyle are among the private equity firms that will collectively pay the Securities and Exchange Commission (SEC) US$63.1 million for failing to keep appropriate communications records. They join a growing list of financial institutions ...

Research digs into HNW investment preferences

MATTHEW WAI  |  TUESDAY, 14 JAN 2025
According to new research from Praemium, high-net-worth (HNW) investors with stronger balances are typically tipping more into alternatives. The report comes as advisers eye the asset class along with artificial intelligence (AI) and technology as key ...

Insignia takeover heats up, Bain Capital ups bid

KARREN VERGARA  |  MONDAY, 13 JAN 2025
... hurt its ability to attract and retain client assets and improve profitability," Ler said. "These include the Royal Commission in 2018 and sharp rate rises of 2022-23. Margin expansion prospects are improving, driven by restructuring initiatives such ...

Traders left scrambling over ASX settlement outage

MATTHEW WAI  |  MONDAY, 23 DEC 2024
The Australian Securities Exchange (ASX) suffered another glitch last week that disrupted two days' worth of trades. The ASX said it detected a "technical issue" on its CHESS Batch Settlement last Friday, forcing trade settlements on December 18 ...