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Showing 341 - 350 of 784 results for super kanika sood

Sargon Capital to be liquidated

KANIKA SOOD  |  THURSDAY, 9 APR 2020
Sargon Capital's creditors yesterday voted unanimously to wind up the company, starting a liquidation process that could last 12 months. Taiping Trustees, which is Sargon Capital's only known secured creditor for about $97 million and other ...

Wholesale property fund revises down valuations

KANIKA SOOD  |  TUESDAY, 7 APR 2020
This morning, GPT Group told investors in two wholesale funds of downward revisions to the book value, citing combination of drop of rental income and retail valuations post COVID-19. The GPT Wholesale Shopping Centre Fund recorded an 11% decline in ...

OneVue marks territory on Sargon sale proceeds

KANIKA SOOD  |  MONDAY, 6 APR 2020
OneVue is asserting its right to receive payments from the ongoing sale of Sargon's trustee businesses after a recent creditors' meeting. EY is currently running the sales process for the assets of eight Sargon subsidiaries which house its trustee ...

Super funds probed on liquidity, rental assistance measures

KANIKA SOOD  |  MONDAY, 6 APR 2020
Standing Committee on Economics chair Tim Wilson has written to superannuation funds seeking numbers on liquidity, unlisted assets and stimulus measures by April 29. In a letter sent to superannuation funds last Wednesday, Wilson has asked funds to ...

Chant West takes Zenith acquisition to court

KANIKA SOOD  |  MONDAY, 6 APR 2020
Chant West Holdings has filed proceedings in the Supreme Court of New South Wales after Zenith Investment Partners' subsidiary last week pulled out of a planned $12 million purchase of its superannuation business. CW Bidco Pty Limited (the Zenith ...

Is it time to lean on the Future Fund?

KANIKA SOOD  |  THURSDAY, 2 APR 2020
The government's $213 billion stimulus package is set to push up the country's total debt but experts say it is not reason enough to draw down on the sovereign wealth fund. The government has so far announced $213 billion in stimulus spending ...

Super fund transfer delayed amid COVID-19

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... superannuation clients, who previously decided to switch to another fund, citing current market volatility. Anglican National Super in October 2018 decided it would end its 14-year long relationship with AMP and move to Mercer. At the time, the fund ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation ...

Chant West sale hits roadblock

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in. On February 18, Chant ...

Sargon trustee businesses sale expected soon

KANIKA SOOD  |  THURSDAY, 26 MAR 2020
It's only a few days until the new ownership of Sargon's regulatory operating businesses is finalised, OneVue told its investors in ASX filings yesterday. The platform business said the sale is expected to complete by March 31 or soon after, subject ...