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Showing 2741 - 2750 of 14210 results for "Interest"

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
A retail superannuation fund offered to customers of several small players in Australia's banking sector will close in March. Credit Union Building Societies Superannuation, known as CUBS Superannuation, is a retail offering overseen by Equity Trustees ...

Financial elder abuse programs launch

KARREN VERGARA  |  TUESDAY, 11 JAN 2022
Protecting Seniors Wealth has unveiled new programs for the financial services sector so that it can do more to help prevent financial elder abuse. The training provider is targeting superannuation funds, financial advice firms and investment managers ...

One million visits to YourSuper comparison tool

ELIZABETH MCARTHUR  |  FRIDAY, 7 JAN 2022
Minister for superannuation Jane Hume has lauded the government's YourSuper comparison tool as a success, with one million visits. "Australians are taking charge of their own super like never before thanks to reforms passed by the Morrison government," ...

AMP divests infrastructure debt platform

ELIZABETH MCARTHUR  |  TUESDAY, 4 JAN 2022
... will realise significant value from the divestment, as well as retaining our valuable sponsor investments and carried interest in the closed infrastructure debt funds. This will provide a strong revenue stream in coming years as we demerge PrivateMarketsCo ...

Link agrees to $3bn takeover

KARREN VERGARA  |  THURSDAY, 23 DEC 2021
... completing five weeks of due diligence. Carlyle offered $3 per share in cash and a pro rata distribution of Link's interest in PEXA to shareholders worth $2.38 per Link share. Link Group chair Michael Carapiet said the board has unanimously concluded ...

ASIC bans adviser for two years

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
ASIC has banned Sydney-based financial adviser Christopher Betalli from providing financial services for two years. Betalli has been banned from providing financial services for two years. Following a review by the corporate regulator, Betalli, who ...

Morningstar to buy Praemium for $65m

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
Praemium has agreed to sell its international business to Morningstar for £35 million (A$65.1 million). The international business includes Praemium's operations in the United Kingdom, Jersey, Hong Kong, and Dubai. The sale of its business will allow ...

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... November, which currently states: "You must not advise, refer or act in any other manner where you have a conflict of interest or duty." After reviewing 40 submissions, those representing consumer interests said that Standard 3 in its current form is ...

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... owes provable debts of more than $177 million and shows no evidence of being able to pay there; there is a strong public interest in protecting the public; and there was nothing inappropriate about ASIC seeking bankruptcy or that it did so without costs ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
Treasurer Josh Frydenberg announced reforms to proxy advice which includes forcing superannuation funds to disclose detailed voting records. Super funds exercising voting rights on behalf of their members will need to be more transparent with their ...