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Showing 611 - 620 of 2059 results for "BID"

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... examples of Best Interest Duty in life insurance. The report said ASIC included in RG 175 examples of the application of the BID in various circumstances, but there are no "useful examples" for life insurance. The report said the Taskforce considers ...

La Trobe completes half billion issuance

ELIZABETH MCARTHUR  |  FRIDAY, 25 SEP 2020
Blackstone owned La Trobe Financial has completed a $500 million residential mortgage backed security (RMBS) issuance. "We are pleased with the pricing this transaction achieved in a market that continues to carry significant uncertainty," La Trobe ...

ASIC, IOSCO report on debt capital raisings

ALLY SELBY  |  THURSDAY, 24 SEP 2020
The corporate watchdog has released a report into its findings on debt capital raisings following two years of surveillance of market practices. ASIC's 668 Report noted that while a properly functioning debt capital market (DCM) is vital for the real ...

MLC Wealth risk lead departs

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
... Sutherland has been chief risk officer (advice) at MLC Wealth for eight months. Pryor said on LinkedIn: "Right now, I want to bid farewell to my colleagues of the past 4.5 years at MLC. Thank you. It has been an amazing time during which I have forged ...

Praemium to acquire remaining Powerwrap shares

ALLY SELBY  |  MONDAY, 21 SEP 2020
... increase Praemium's funds under administration to over $28 billion. Praemium advanced a $55.6 million off-market takeover bid to acquire Powerwrap in early July, with chair Barry Lewin at the time noting the merger would be "an exciting opportunity ...

Contango approves new WCM strategy

ALLY SELBY  |  MONDAY, 21 SEP 2020
... this very strong endorsement of the new investment strategy will now be respected by all shareholders." It comes after WAM bid to manage the LIC, at the time arguing its proposal was far superior to that endorsed by the board of CIE. "Our proposal is ...

Geoff Wilson feels sorry for CLF shareholders

ANNABELLE DICKSON  |  FRIDAY, 18 SEP 2020
... WAM chair Geoff Wilson has said he feels sorry for CLF shareholders after Concentrated Leaders Fund has rejected a takeover bid proposed by WAM Capital. WAM chair Geoff Wilson told Financial Standard : "I actually feel sorry for CLF shareholders as it ...

Uniti ups bid to compete with First State Super

ALLY SELBY  |  TUESDAY, 15 SEP 2020
Telecommunications company Uniti Group has upped its bid for listed telco OptiComm, as it goes head to head with First State Super to take the company private. It comes as Uniti also secures a 19.5% stake in OptiComm shares though commitments from a ...

APRA, ACCC sign new MoU

ALLY SELBY  |  TUESDAY, 15 SEP 2020
... Regulation Authority and the Australian Competition and Consumer Commission have signed an updated memorandum of understanding in a bid to increase information sharing, coordination, and cooperation between the two regulators. The updated document comes ...

ASX-listed fintech to buy Wirecard

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
An ASX-listed fintech has launched a capital raising to acquire Wirecard's Australia and New Zealand business. Change Financial, a US-focused fintech company, announced it has entered into a binding agreement to acquire all of business assets or Wirecard ...