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Showing 581 - 590 of 1909 results for "Associated"

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... restrain Matthew Alan Beresford from continuing a financial services business and suspended the bank accounts and websites associated with Maxwell Financial Services and Asset Capital Holdings. Furthermore, the Court has ordered the winding up of Secure ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... bank flagged the massive loss ahead of releasing its full year 2020 results on November 2. Goodwill and intangibles associated with Westpac Life Insurance Service, auto finance business and software write downs totalled $568 million after tax. Westpac ...

NAB adds to wealth client remediation

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... said until the customer payments have been finalised, the bill for remediation is uncertain. Furthermore, all earnings associated with MLC Wealth will move off its balance sheet to discontinued operations from 2H20 with the earnings separation costs ...

IAPF to acquire management rights for $40m

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
... assets including the profits attributable to the assets," IAPF said. IAPF said the total consideration includes the associated transaction costs of around $6.7 million and will be funded via IAPF's existing debt facility. "The progressive investment ...

Man arrested over investment scam

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... The corporate regulator obtained orders from the Federal Court of Australia against the man including that websites associated with the alleged scam be suspended and that associated bank accounts be frozen. Victoria Police Finance and Cyber Crime Division ...

Keep spending and investing: Lowe

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
... accumulated financial buffers to spend and invest. "One of the many unique features of this recession is that it has been associated with a big increase in household saving," Lowe said. "Normally in a recession, income falls and many people draw on their ...

Australian Unity launches new fund

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
... and will enhance the wellbeing of Australians through investment in preventative and remedial healthcare and health associated businesses and assets." Chief investment officer, Australian Unity Wealth & Capital Markets, Joe Fernandes said the fund will ...

Transition away from LIBOR continues

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... derivatives contracts," ASIC said. "It is critical to the mitigation of both individual entity risks and systemic risks associated with the discontinuation of LIBOR." The new protocol will come into effect from 25 January 2021, institutions that use ...

Super's role in new $10bn infra spend

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... investors in long-term, nation building projects and their members stand to benefit from creation of construction and associated infrastructure roles," Rastogi said. "However, we expect the super funds to be cautious and selective investors as road ...

Funding for housing to decrease

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... announced changes to Australia's lending laws, which will support the flow of credit to housing, reducing the time and cost associated with accessing credit for consumers. The government acknowledged housing prices have softened as a result of COVID-19 ...