Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 261 - 270 of 922 results for "Administrator"

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... IDPS product issued by Asgard and seven super products for which BT was trustee and Asgard served as custodian and administrator. These include the Asgard Infinity eWRAP Pension Account, the Asgard Infinity eWRAP Super Account, the Asgard Superannuation ...

iProsperity accused of being a Ponzi scheme

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
The administrator appointed to embattled investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments. The report suggests investor money was misappropriated by iProsperity ...

Platform business in administration

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
IFM Investors and Regal backed Spitfire has appointed administrators, as it looks to restructure the group after a shareholder reneged on promised funding. Olvera Advisors' Damien Hodgkinson and Kate Barnet were appointed as joint and several voluntary ...

HESTA awards three-year mandate

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
HESTA has awarded a three -year mandate to an administrator following a competitive tender process. Link Group has been reappointed to provide the $53 billion super fund with retirement and superannuation solutions. The mandate is for an initial three ...

Boutique launches multi-asset fund

KANIKA SOOD  |  MONDAY, 10 AUG 2020
... equities and up to 30% in listed property. Equity Trustees is the responsible entity, NAB acts as the custodian and administrator, while UBS will act as the prime broker and Mainstream Fund Services will provide the unit registry. Milord manages about ...

Bain Capital begins restructure reckoning

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
Virgin will cut 3000 jobs, discontinue budget airline Tigerair, suspend long-haul international flights and simplify its fleet, as Bain Capital begins to restructure its new aviation group. The restructure reckoning focuses on six key areas; overhauling ...

ASIC suspends OTC derivatives issuer

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
The corporate regulator has suspended the Australian financial services licence of Union Standard International Group. The Sydney-based retail over-the-counter derivatives issuer operating as USGFX is suspended until September 23 under 915B of the Corporations ...

Administrators appointed to iProsperity

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... from COVID-19, resulting in administrators being appointed to the group. Cor Cordis has been appointed voluntary administrator to the companies in the iProsperity Group but their appointment does not extend to the underlying investment of funds managed ...

Administrators appointed to IPO Wealth

ELIZABETH MCARTHUR  |  TUESDAY, 23 JUN 2020
Voluntary administrators have been appointed to IPO Wealth, one of the main investment vehicles for embattled Mayfair 101. Darryl Kirk, Barry Wight and Rachel Burdett of turnaround and restructuring advisory firm Cor Cordis have been appointed as voluntary ...

Life insurance salary guide for 2020

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
A new salary guide has outlined what those in the life insurance industry can expect to get paid this year, as it's revealed many claims assessors are looking to move sideways due to a perceived lack of career growth. Profusion Group's June 2020 insurance ...