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Showing 301 - 310 of 3204 results for "Scheme"

Insignia rejects Bain Capital takeover proposal

ANDREW MCKEAN  |  WEDNESDAY, 18 DEC 2024
... contingent on several conditions, including the completion of due diligence on an exclusive basis, execution of a binding scheme implementation agreement, a unanimous recommendation from the Insignia Financial board of directors, and approval of Bain ...

AI can improve super fund value chain: CFA Institute

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
Superannuation funds and the broader global pension system can benefit from artificial intelligence (AI) in every corner of the value chain to ultimately provide efficient, personalised services to members, new research from the CFA Institute found. ...

Perpetual takeover 'not in the best interests of shareholders'

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
... liabilities, if the transaction were to be implemented, mean 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 ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... advice, the adviser failed to obtain or consider the client's superannuation assets in the Public Sector Superannuation Scheme (PSS) pension fund. Consequently, the client needed to withdraw $120,735 from the super account and pay a tax bill on the associated ...

ISPT joins IFM Investors

ANDREW MCKEAN  |  MONDAY, 16 DEC 2024
... IFM Investors, with its chief executive, Chris Chapple, to take on a new leadership role. The two businesses, following a Scheme of Arrangement, came together last Friday. The deal was finalised after IFM Investors put forward a binding offer of transaction ...

Bain Capital bids for Insignia Financial

KARREN VERGARA  |  FRIDAY, 13 DEC 2024
... to several conditions, including satisfactory completion of due diligence on an exclusive basis, execution of a binding scheme implementation agreement, unanimous recommendation from the board and commitment from all directors to vote in favour of the ...

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... Economics Committee inquiry into wealth management companies, highlighting financial advisers' concerns around the Compensation Scheme of Last Resort (CSLR). Specifically, the FAAA highlighted "deep flaws" surrounding the Dixon Advisory scandal that ...

UniSuper names product head

ELIZABETH FRY  |  TUESDAY, 10 DEC 2024
UniSuper has appointed a new head of product following Ian Lorimer's decision to step down after 13 years with the superannuation fund. The superannuation fund has confirmed that Darren Williams has been promoted to the head of product role. "Darren ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... taxpayers. For example, its research shows that a 30-year-old who withdrew $20,000 through the COVID-19 early release of super scheme, could retire with $93,000 less in superannuation, resulting in "taxpayers picking up the tab for higher pension payments." ...

Perpetual-KKR deal hits tax bill snag

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
... withhold sufficient funds to cover the asserted corporate tax liability amount from any shareholder proceeds under the scheme until completion of that process, which would be protracted, would only commence once Perpetual was assessed and there would ...