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Showing 271 - 280 of 3206 results for "Scheme"

Bain, CC Capital up Insignia bids

ELIZA BAVIN  |  FRIDAY, 7 MAR 2025
... an independent expert concluding that the applicable proposal is in the best interests of shareholders; agreement of a scheme implementation deed with Insignia Financial on customary market terms; and final investment committee approval from either Bain ...

PM Capital confirms proposal to acquire Platinum funds

ANDREW MCKEAN  |  FRIDAY, 28 FEB 2025
... non-binding offers to snap up Platinum Capital Limited (ASX: PMC) and Platinum Asia Investments (ASX: PAI) by way of a scheme of arrangement. PGF said its proposals give shareholders in the Platinum funds the option to swap their holdings for its shares ...

Court acts against two with links to Shield Master Fund

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
The Federal Court has made orders against two individuals in connection to ASIC's investigation into the Shield Master Fund collapse. The $480 million Shield Master Fund collapse will likely see its 5800-plus investors cop significant losses, with the ...

Perpetual calls off KKR deal

KARREN VERGARA  |  MONDAY, 24 FEB 2025
... its recommendation in favour of the transaction that has now terminated with no break fee payable in accordance with the Scheme Implementation Deed (SID). "KKR has asserted that a break fee is payable and has reserved its rights to seek further damages. ...

SelfWealth juggles takeover bids

MATTHEW WAI  |  FRIDAY, 21 FEB 2025
... Meanwhile, in compliance with its contractual obligations, SelfWealth has commenced the statutory process for the proposed scheme of arrangement with BFG, including the publication of a detailed scheme booklet for shareholders. Despite Bell's being the ...

Colonial First State loses private markets manager

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
... senior analyst at BT Financial Group and Morningstar. Much earlier in his career, he worked at the London-based BT Pension Scheme Management, Credit Suisse and Schroders.

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA  |  THURSDAY, 20 FEB 2025
The Compensation Scheme of Last Resort (CSLR) levy could potentially catapult to $123 million in the 2027 financial year, new estimates from the Financial Advice Association of Australia (FAAA) shows. Following the bombshell that the 2026 CSLR levy ...

Life insurers enhance domestic violence response

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... life insurance and financial safety by design, as well as 20 member companies from CALI's network to understand the full scheme of challenges. CALI chief executive Christine Cupitt said it could be "overwhelming" for those who are suffering from domestic ...

Perpetual receives fresh KKR bid

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
... liabilities, if the transaction were to be implemented, meant that it wouldn't be able to form an opinion that the proposed Scheme of Arrangement is in the best interests of shareholders. Nevertheless, Perpetual said in an ASX announcement that itself ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... savings from a regulated fund and invest them, sometimes via an SMSF (self-managed super fund), into a high-risk property scheme or some other high-risk investment." ASIC will focus more effort on reviewing client advice files related to SMSFs being ...