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Showing 11 - 20 of 51 results for "CES"

ASIC consults on refreshing PDSs, FSGs

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
ASIC has opened consultations on remaking the relief contained in product disclosure statements and financial services guides. Under Consultation Paper 358 Remaking ASIC relief on PDSs, superannuation dashboards and FSGs, the corporate regulator is ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... won the mandate to provide investment services to CFS' FirstChoice Employer Super (FCES) and Commonwealth Essential Super (CES) following a formal tender process. CFS will continue to set the investment strategy, oversee investment decisions and manage ...

EQT Group dumps Iress bid

ANNABELLE DICKSON  |  FRIDAY, 17 SEP 2021
The European private equity firm has abandoned its plans to acquire Iress with both parties unable to agree to a transaction. Last week Iress granted EQT a further 10 days to complete its due diligence after an initial 30-day access on August 11. EQT's ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
Australian regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021. ASIC, APRA and the Reserve Bank of Australia have reiterated the importance of ensuring a timely transition away from the London Interbank Offered ...

ASIC sues CBA, CFS over RC case

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
... the Corporations Act relating to the arrangement between CFSIL and CBA for the distribution of Commonwealth Essential Super (CES)," the bank said. "CFSIL and CBA are reviewing ASIC's claim and will provide any further update as required."

Flamingo AI acquisition scrapped

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
ASX-listed Flamingo Ai's proposed sale of its assets to Rymamay Investments has been scrapped after due diligence by the latter, as the parties couldn't agree the terms of the share sale agreement. Flamingo's board has now set itself a 30-day timeline ...

2020 MAX Awards finalists named

STAFF WRITER  |  WEDNESDAY, 13 MAY 2020
The finalists for the 2020 Financial Standard MAX Awards have been named and voting is now open. Now in their 25th year, the Financial Standard MAX (Marketing, Advertising and Sales Excellence) Awards recognise individuals, teams and organisations in ...

AIOFP launches fresh campaign, criticises FPA

ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
In launching its latest campaign to retain commissions, the industry body has accused the Financial Planning Association of Australia of taking money from the big banks in return for support. Writing to members, Association of Independently Owned Financial ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%. Members of Crescent Wealth Super, Members of Defence Bank, Bankfirst and ...

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
Australia's financial regulators stand ready to take a range of actions to ensure the effective operation of financial markets, including the relaxation of some regulatory requirements and the acceleration of outstanding customer remediation. As ...