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Showing 321 - 330 of 4153 results for "Action"

Regal slashes holdings in Opthea over insolvency concerns

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
... outcome may become known." Opthea added that it is currently relying on the "safe harbour" provisions in taking course of action reasonably likely to lead to a better outcome for the company in section 588GA of the Corporations Act 2001.

Perpetual Private awards $60m mandate

ELIZA BAVIN  |  FRIDAY, 21 MAR 2025
Perpetual Private has added the Osmosis Resource Efficient Core Equity Fund to its multi-asset, multi-manager programme, with an initial allocation of $60 million. The Osmosis Core Equity Fund targets a better risk-adjusted return than the MSCI World ...

Super fund consolidation to accelerate: Mercer

ANDREW MCKEAN  |  THURSDAY, 20 MAR 2025
Australia's superannuation industry is poised for accelerated consolidation, with most existing funds set to disappear, according to a Mercer report. The report noted that during the 2023/24 financial year, the number of APRA-regulated super funds declined ...

Active Super fined $10.5m for greenwashing

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... outcome, and we will continue to keep greenwashing in our sights." ASIC has also been successful after taking greenwashing action on Mercer Superannuation Australia and Vanguard.

UK regulators abandon DEI reporting push

JAMIE WILLIAMSON  |  THURSDAY, 13 MAR 2025
... diversity and inclusion, they wanted to avoid duplication with already planned reform agendas, including in relation to gender action plans, and disability and ethnicity pay gap reporting. Rathi added that the regulators continue to support voluntary ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... made aware of a backlog in death benefit claims in November 2020 but, ASIC said, "failed to take prompt and appropriate action to prevent and redress the backlog, including by its failure to... terminate its arrangements with Link... cease charging monthly ...

IAM mandate grows to $130m

KARREN VERGARA  |  MONDAY, 10 MAR 2025
... employees. BGC is seeking damages and costs from IAM. The employees and the company deny the allegations and have defended the action, and the parties have progressed into confidential mediation," IAM said. "In the meantime, IAM continues to incur legal ...

Gender parity in financial services an economic imperative

KARREN VERGARA  |  MONDAY, 10 MAR 2025
... made modest inroads with gender parity, and closing the wealth and financial literacy gap, but the reality is accelerated action is needed from the government and private sector to tackle entrenched inequalities as an economic imperative. This year's ...

Bain, CC Capital up Insignia bids

ELIZA BAVIN  |  FRIDAY, 7 MAR 2025
... that either proposal will result in a transaction at this time. "Insignia Financial shareholders do not need to take any action in relation to either proposal," the board said. The $5 per share offer proposed by both bidders also considers the value ...

Treasury responds to CHESS replacement inquiry

ELIZA BAVIN  |  TUESDAY, 4 MAR 2025
Treasury has released its response following the Parliamentary Joint Committee on Corporations and Financial Services report, Competition in clearing and settlement and the ASX CHESS Replacement Project: The CHESS Replacement Project is too important ...