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Showing 501 - 510 of 2987 results for "ARRA"

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Five AMP companies will pay $14.5 million for charging close to 1500 superannuation members fees for no service over the course of about three years. The Federal Court handed the fine to AMP Superannuation, AMP Financial Planning, Charter Financial ...

Igneo adds Lal Lal Wind Farms to portfolio

JAMIE WILLIAMSON  |  FRIDAY, 9 SEP 2022
Igneo Infrastructure Partners acquired a 60% interest in Lal Lal Wind Farms Partnership (LLWF), marking its fifth deal in the sector. Igneo's Atmos Renewables purchased the stake from funds managed by InfraRed Infrastructure and from Macquarie's Green ...

Stock exchanges, industry pay tribute to Queen Elizabeth II

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  FRIDAY, 9 SEP 2022
Stock exchanges the world over have observed a minute's silence to honour Her Majesty Queen Elizabeth II, while several financial services organisations have also marked her passing overnight. The Royal Family announced early this morning that The ...

ABN AMRO Clearing pays $222k penalty

ANDREW MCKEAN  |  THURSDAY, 8 SEP 2022
ABN AMRO Clearing Sydney has paid a penalty of $222,000 to comply with an infringement notice given by the Markets Disciplinary Panel (MDP). The MDP found that in 2021, on three occasions, ABN AMRO registered block trades on the ASX24 Market in the ...

Kate Farrar's top tips when merging

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2022
Appearing as part of a panel at this year's Conference of Major Super Funds, Brighter Super chief executive Kate Farrar explained the process her team went through in merging with Energy Super, sharing the things she thinks they got right. Brighter ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
ASIC has told brokers to be careful about or to reconsider offering high-risk products and services to retail investors as an increasing number offer securities trading. ASIC said it has seen increased instances of brokers offering securities trading ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
A focus on providing 'good advice', the scrapping of general advice, and allowing superannuation funds to provide personal financial advice are just some of the proposed reforms contained in the Quality of Advice Review's consultation paper. ...

Ampol to sell 49% of Z Energy Properties to Charter Hall

CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
Ampol said Charter Hall's Retail REIT (CQR) will acquire a 49% interest in properties owned by its wholly owned subsidiary, Z Energy, for NZ$132 million. Z Energy will keep a 51% stake and the transaction is expected to complete in October. A statement ...

Perpetual to acquire Pendal

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2022
Perpetual will acquire 100% of Pendal, in a scheme of arrangement that's been unanimously endorsed by the latter's board. Under the agreement, Pendal shareholders will receive one Perpetual share for every 7.5 Pendal shares plus $1.97 per share ...

WA introduces new super laws for de facto couples

ANDREW MCKEAN  |  FRIDAY, 19 AUG 2022
Long-anticipated superannuation laws that allow de facto couples to split their super assets in the event of a relationship breakdown have finally passed in Western Australia. The Western Australia government said the new reform will mean the more than ...