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Showing 361 - 370 of 816 results for "Settlement"

What will super funds get from the ASX CHESS replacement?

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
As the ASX ticks along in switching from its legacy settlement service to a blockchain based solution, how will Australia's $2.8 trillion pool of superannuation assets benefit? That's a question ASX chief executive Dominic Stevens addressed ...

IRESS partners with bank

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
Financial technology provider IRESS has partnered with one of Australia's newest banks for a streamlined mortgage offering. A new partnership between IRESS and Volt will see IRESS' mortgage software, MSO, rolled out to Volt's mortgage customers. One ...

Swiss Re to manage Freedom remediation

KANIKA SOOD  |  TUESDAY, 30 APR 2019
... as the third party to which it is transitioning its policy administration services. Swiss Re will pay Freedom a net settlement consideration of $5 million when its policy admin services transition is complete. Under the agreement, Swiss Re, AIA Australia ...

IFM settles UK sexual harassment case

KANIKA SOOD  |  MONDAY, 15 APR 2019
... settled for £270,000 or roughly $493,000. "IFM Investors and a former employee, Nathalie Abildgaard, have reached a settlement agreement in relation to Ms Abildgaard's Employment Tribunal claim including her claims for sexual harassment, constructive ...

J.P. Morgan still the top custodian

KANIKA SOOD  |  FRIDAY, 12 APR 2019
... contract to contract. While the total assets fell during the period, the transaction volumes picked up. Total Australian settlement transaction volumes rose 5.3% in the period while total Australian unlisted unit trust registry transaction volumes rose ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
In the second half of last year ASIC brought criminal proceedings against nine individuals on 76 charges, with four people imprisoned as a result and $12.7 million imposed in civil penalties. ASIC also disqualified 28 directors and there were 72 instances ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
... will cover the lawsuit's costs including Quinn Emanuel's fee. In return, it will take a 27.5% cut of the total settlement, according to the guidance provided to IOOF shareholders. However, the actual amount will be the court's decision. Scattini ...

Saxo launches digital access to Chinese bonds

JAMIE WILLIAMSON  |  WEDNESDAY, 6 MAR 2019
... simple 'click to trade' functionality. Investors will have access to 127 bonds with CNH (offshore Chinese yuan) as the settlement currency. "With options to invest in, for example Chinese onshore government bonds and central bank paper, institutional ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... year on year, boosted by the sale of the corporate trust business ($34m), recovery amounts received from a litigation settlement ($25m) and goodwill impairment of Perennial Investment Partners ($28m). The first half was also strengthened by the transition ...

J.P. Morgan introduces digital currency for instos

JAMIE WILLIAMSON  |  FRIDAY, 15 FEB 2019
... between J.P. Morgan's institutional clients. It is redeemable for the equivalent amount in US dollars, thereby reducing settlement times, the bank said. J.P. Morgan said it will begin using the coin for a fraction of the $8.45 trillion it moves for institutions ...