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| | | J.P. Morgan Securities Australia Limited (JPMSAL) has been hit with a $775,000 fine by the Markets Disciplinary Panel (MDP) following an investigation by the Australian Securities and Investments Commission (ASIC). The MDP found JPMSAL permitted suspicious ... |
| | | | ... provide compensation to eligible consumers, where the consumer has a determination issued by AFCA, the financial firm has not paid the consumer in full in accordance with the determination, and the consumer has otherwise been unable to recover the compensation. ... |
| | | | ... project costs (including $11,343,317.94 in legal fees and disbursements) in the class action. The Federal Court said it is "not possible, at this stage, to state the total of the Funder's Entitlements" as it depends on several matters that include ... |
| | | | Platinum Investment Management's funds under management took a $1.65 billion hit to finish at $13.5 billion at the end of April. Most of the outflows came from an unnamed institutional investor walking away and product rationalisation initiatives ... |
| | | | ... take on more risky investments and increase its allocation to equities. "Consequently, the Conservative investment option has not provided the level of product differentiation required to warrant keeping it in its current form and we see greater opportunity ... |
| | | | ... Aird said despite the potentially rocky road ahead, the bank is still anticipating the next move will be down. "The board did not reinstate its hiking bias and maintained the neutral stance it shifted to at the March board meeting, as we anticipated," ... |
| | | | AMP is launching a new investment solution to provide bespoke access to global private debt investments in developed markets. AMP said the total volume of institutional assets under management allocated to private debt is estimated to be around US$1.7 ... |
| | | | ... teams are working around the clock to "progressively get our systems back online," but said restoration of services would not commence until Thursday, May 9. During that period, some services will remain limited, he added. UniSuper expects members will ... |
| | | | ... financial services laws. Super trustees that gain new members via these tactics should review their processes to ensure they are not benefiting at their expense. "This does not mean trustees need to check every SOA, but it means they should have processes ... |
| | | | ... merger will facilitate the timely replacement of our current custodial arrangements," the fund said. TelstraSuper said it "will not rush," but if a suitable merger partner is found, a decision will probably be made this year, with a potential merger ... |
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