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Showing 311 - 320 of 1613 results for "Recommended"

Mainstream posts record quarter

KANIKA SOOD  |  MONDAY, 26 APR 2021
... outsourcing in areas such as unit registry (transfer agency), middle office and custody." On April 26, Mainstream's board recommended SS&C $286 million acquisition bid for the company. SS&C's proposal is to acquire 100% of Mainstream at $2 per share ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... time for stakeholders by eliminating consultation times and submissions. In early 2019, the Hayne Royal Commission recommended a review into the quality of advice in three years' time that should be conducted by ASIC. The review should be completed by ...

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
... consumers, AFSL holders must follow breach-reporting regulations when representatives engage in misconduct. Hayne recommended that significant breaches and investigations relating to suspected breaches must be reported within 30 days, and that criminal ...

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... it is really critical that the underperformers are captured from the outset," Campo said. In its submission, Cbus recommended that the commencement date of the performance benchmarking should be pushed back a year to 1 July 2022 and weed out the underperforming ...

Mercer calls for delay to super reforms

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... essentially being tested on the strategy they're putting in place," Boyfield said. In its submission, Mercer also recommended the introduction of a second test, saying it was concerned some funds may fail the test if they have taken certain decisions ...

REA Group to acquire Mortgage Choice

ELIZABETH MCARTHUR  |  MONDAY, 29 MAR 2021
... reported net revenue of $22.2 million and net profit of $4.1 million. The board of Mortgage Choice has unanimously recommended that shareholders vote in favour of the REA Group acquisition in the absence of a superior proposal. Mortgage Choice chief ...

AMP Capital spins off REIT

ANNABELLE DICKSON  |  MONDAY, 29 MAR 2021
... Capital Diversified Property Fund following a takeover proposal from Dexus. The fund's independent board committee recommended the merger go ahead however AMP Capital head of real estate Kylie O'Connor wants the fund to stay with AMP.

Kin Group bids to takeover McPherson's

ELIZABETH MCARTHUR  |  FRIDAY, 26 MAR 2021
... specifically to acquire the MCP. Kin Group is the family office established by Raphael and Fiona Geminder. McPherson's recommended shareholders take no action on the offer. "The board of MCP considers this offer to be utterly opportunistic and profoundly ...

Dexus plans merger with AMP Capital fund

ELIZABETH MCARTHUR  |  TUESDAY, 16 MAR 2021
... $5 billion AMP Capital Diversified Property Fund, but AMP Capital isn't necessarily on board. The merger has been recommended by the AMP Capital Diversified Property Fund independent board committee. Dexus said in an update to the ASX that the agreement ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
... Productivity Commission, Royal Commission, Retirement Income Review and Jeremy Cooper and David Murray's reviews) have recommended early release of superannuation for housing. Australia currently does allow people to use voluntary superannuation contributions ...