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Showing 11 - 20 of 2649 results for "Purchase"

Sequoia Financial chair resigns

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
Sequoia Financial chair Michael Ryan has stepped down from the embattled financial services firm, effective June 16. "Mr Ryan's resignation reflects the expansion of his other current board responsibilities, which impact upon the time available for ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
Major bank Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their ...

HUB24 expands retirement options with TAL

MATTHEW WAI  |  THURSDAY, 21 MAY 2026
... of an Innovative Retirement Income Stream (IRIS) and provides access to concessional Centrelink treatment when used to purchase a lifetime pension account. This adds to the current range of lifetime income solutions from other providers, including Allianz ...

CFS plots 'largest' retirement product expansion with new alliance

MATTHEW WAI  |  WEDNESDAY, 20 MAY 2026
... LifePath Paycheck in the US - an integrated target date strategy which provides eligible participants the ability to purchase a guaranteed income stream for retirement payable by third-party insurers selected by BlackRock. The rollout will begin with ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
Sequoia Financial has advised the payment date for the previously declared interim dividend will be delayed from May 15 to June 3. The interim dividend was previously delayed pending the proposed sale of InterPrac to Conquest Investment Partners; however ...

Former adviser jailed over $2m SMSF investment scheme

VINNY VUCAGO  |  WEDNESDAY, 13 MAY 2026
... never materialising. The corporate regulator alleged Arandez diverted some investor funds for personal use, including the purchase of property and a motorhome in his name. ASIC deputy chair Sarah Court said the sentence reflected the seriousness of the ...

Foreign investors housing ban extended

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
The federal government will extend its ban on foreign investors purchasing existing homes until mid 2029 as part of a sweeping housing and tax reform package aimed at improving affordability and lifting home ownership. Announced in tonight's 2026 ...

Pinnacle, National Pension Service of Korea up stake in Metrics

KARREN VERGARA  |  TUESDAY, 5 MAY 2026
... in funds under management. The National Pension Service of Korea (NPS), via a partnership with Townsend Holdings, will purchase a further 6.37% in Metrics. This will take its total ownership to 9.9%, should it be approved by the Foreign Investment Review ...

Cboe offloads local exchange to Canadian giant

RIDDHIMA TALWANI  |  THURSDAY, 23 APR 2026
... ASIC said the deal is subject to its regulatory approval and it will expedite assessment of the application. "Should the purchase go ahead, ASIC expects an orderly transition to new ownership with continuity of fair, orderly and transparent market operations," ...

Magellan shareholders say yes to Barrenjoey takeover

RIDDHIMA TALWANI  |  MONDAY, 13 APR 2026
... and long-term flexibility. He also addressed the disappointment among some shareholders on the scale-back in the share purchase plan (SPP) of $130 million to acquire an additional interest in Barrenjoey before the merger. The SPP was oversubscribed and ...