Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 431 - 440 of 2477 results for "Deputy"

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... ASIC's claims in a decisive ruling on 21 December 2023, exonerating Zurich of the alleged breaches. Post-verdict, ASIC deputy chair Sarah Court remarked that the regulator pursued the case to clarify the steps that an insurer must reasonably take before ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... these property companies. Sadly, these investors were taken advantage of and their funds were used dishonestly," said ASIC deputy chair Sarah Court. "Today's criminal outcome sends a strong message that dishonest conduct by directors will be investigated ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... downward pressure on ANZ's share price. He added that the fine was needed to "deter similar actions." Meanwhile, ASIC deputy chair Karen Chester said the fine confirms the paramount importance of continuous disclosure. "The penalty and remarks from ...

Mercer Super investment chief departs

ELIZABETH FRY  |  FRIDAY, 8 DEC 2023
... just $12 billion of assets under management. The investment head of Mercer Super and Multi-Sector - who also served as deputy chief investment officer at Mercer Australia - will be effectively replaced by James Kerr. However, while Kerr - the firm's ...

VFMC selects new chair

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2023
... interim basis. Now, she has been named McKenzie's permanent replacement. In taking up the role, she vacates the seat of deputy chair. "On behalf of the executive team and our people at VFMC, we extend our congratulations to Lisa on her appointment as ...

'Should have known better': AAT tells auditor

JAMIE WILLIAMSON  |  FRIDAY, 1 DEC 2023
... detail and meaning of the independence requirements to her attention"; an argument the AAT described as "untenable". The AAT deputy president Bernard McCabe rejected her arguments, stating that her level of experience suggests "she should have known ...

Macro environment trumps inflation for asset owners: Research

KARREN VERGARA  |  FRIDAY, 1 DEC 2023
... portfolios rose an average of 3.7%; some 21% of asset owners have recovered their losses from 2022. OMFIF managing editor and deputy chief executive Clive Horwood said many funds had a difficult 2022, but "it should not be forgotten that the mission ...

CPI cools to 4.9%

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... accompanied by a 5.9% rise in transport expenses and a 5.3% increase in the prices of food and non-alcoholic beverages. AMP deputy chief economist Diana Mousina said the data doesn't provide any new information that would force the Reserve Bank of ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... and issuing letters of apology. OnePath was also ordered to publish a notice on its website regarding the breaches. ASIC deputy chair Sarah Court recently announced that member service failures and misconduct leading to the erosion of superannuation ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... improve performance or whether they should advise their members to move to better performing products," APRA said. APRA deputy chair Margaret Cole said the regulator is committed to increasing transparency around superannuation performance as a tool ...