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Showing 471 - 480 of 3206 results for "Scheme"

Diverger shareholders welcome Count takeover

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... landslide voting result. An overwhelming 99.97% of shareholders voted in favour of Count taking over the company at yesterday's scheme meeting. In the lead up to casting votes, Diverger non-executive chair Peter Brook urged shareholders to vote in favour ...

Super fund satisfaction improves: Roy Morgan

CHLOE WALKER  |  WEDNESDAY, 24 JAN 2024
... also higher than at any time prior to the pandemic, which saw record high satisfaction amid the Early Release of Super scheme. Roy Morgan chief executive Michele Levine said the improvement in recent months has been driven by impressive increases for ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... in alternatives and a 24.8% holding in fixed interest. Qantas Super is a hybrid defined benefit and defined contribution scheme. It has more than 26,000 members. Parent company Qantas estimates that it will pay $66 million of normal employer contributions ...

Pension Protection Fund appoints chief executive

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
The UK's Pension Protection Fund named a new chief executive, formerly on the executive team at PSP Investments. Michelle Ostermann will succeed Oliver Morley as chief executive of the $62.8 billion fund, which oversees the defined benefit entitlements ...

Former UniSuper chief appointed to CSLR board

ANDREW MCKEAN  |  TUESDAY, 16 JAN 2024
Former UniSuper chief executive Kevin O'Sullivan has been appointed to the Compensation Scheme of Last Resort (CSLR) transitional board as a non-executive director. O'Sullivan steps into the CSLR board role effective immediately, succeeding June Smith ...

2024 to be a watershed year: FAAA

JAMIE WILLIAMSON  |  THURSDAY, 11 JAN 2024
... which impact on members' costs of doing business, including the ASIC levy, and the implementation of the Compensation Scheme of Last Resort (CSLR)," Abood said. "Another key area of focus will be the use of technology in financial planning, where ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... included failing to obtain member approval for related-party loans, and exercise care and diligence. In 2019, the registered scheme operated by Endeavour and the unregistered scheme operated by Linchpin - both called the Investport Income Opportunity ...

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... of 200-plus properties in 2019. In early 2020, ASIC froze Mayfair's assets and operations over concerns it was a Ponzi scheme. Many of the properties were handed over to receivers who have since sold them. Now, according to CoreLogic, the three main ...

AFCA reports unprecedented complaint spike

ANDREW MCKEAN  |  TUESDAY, 9 JAN 2024
... unable to resolve disputes with financial firms in 2023. This marks the first time Australia's financial dispute resolution scheme crossed the 100,000-complaint threshold in a single year, reflecting a 23% increase from the previous year's figures. This ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
The board of the Compensation Scheme of Last Resort (CSLR) estimates $241 million will be needed to fund claims lodged with the Australian Financial Complaints Authority (AFCA) between November 2018 and September 2022. The CSLR is set to begin receiving ...