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

Search Results

Showing 281 - 290 of 923 results for "Administrator"

Sargon Capital to be liquidated

KANIKA SOOD  |  THURSDAY, 9 APR 2020
Sargon Capital's creditors yesterday voted unanimously to wind up the company, starting a liquidation process that could last 12 months. Taiping Trustees, which is Sargon Capital's only known secured creditor for about $97 million and other ...

OneVue marks territory on Sargon sale proceeds

KANIKA SOOD  |  MONDAY, 6 APR 2020
... Group. As a result, OneVue has asserted its vendors' lien over the sale of Diversa and CCSL. EY, as the voluntary administrator, has agreed not to distribute or deal with the total net proceeds of the sale until a further agreement is reached with ...

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
The founder of Charterhill Group, which collapsed in 2014, has been sentenced to 10 years imprisonment, and will serve at least six of these behind bars. Charterhill Group, run by George Nowak, provided a "one stop shop" for SMSF clients; providing ...

SS&C secures platform mandate

HARRISON WORLEY  |  MONDAY, 6 APR 2020
... provider SS&C has been awarded a mandate to manage the wealth management platform of a local third-party investment administrator. Xplore Wealth has selected SS&C's global wealth platform (GWP) to underpin the entirety of the firm's operations. The firm ...

Bigger balances, bigger blow: Elia

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
... that will not be impacted by this scheme," he said. Elia added that Hostplus has been working extensively with its administrator, Link, to ensure it is ready for the onslaught. However, speaking to Financial Standard earlier this week, Link chief executive ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... the speed and breadth of change that the early access changes will need to be implemented," McMurtrie said. The administrator is also currently working through the Protecting Your Super and Putting Members' Interests First reforms. Link hasn't ...

CareSuper leads super satisfaction

HARRISON WORLEY  |  MONDAY, 30 MAR 2020
... the highest current satisfaction rating among Australia's super funds, despite well-publicised issues following an administrator switch. According to February data from Roy Morgan's Superannuation Satisfaction Report, the industry fund improved its customer ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
The industry superannuation funds for those who work in clubs, hospitality and retail are facing a tough year and have moved to reassure impacted members. With close to or more than half of their members sitting in the millennial age range, the likes ...

AFSL suspended by ASIC

ALLY SELBY  |  MONDAY, 23 MAR 2020
... of Longhou Capital Markets for three months, expiring June 12 this year. It follows the appointment of voluntary administrator Worrells Solvency & Forensic Accountants in late February. According to its website, Longhou Capital Markets is a boutique ...