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Showing 641 - 650 of 3232 results for "April 2016"

Hostplus, Statewide formalise merger

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
The two industry superannuation funds will progress merging after signing a Successor Fund Transfer deed. The SFT, due to take place on 1 April 2022, will see Statewide Super transfer its members and investments to Hostplus, effectively creating a $85 ...

Kelly Partners acquires in NSW

KARREN VERGARA  |  MONDAY, 6 DEC 2021
Kelly Partners Group acquired a financial advice and accounting firm based in Sydney's Northern Beaches. The unnamed wealth management firm is expected to generate between $910,000 and $1.3 million for its new owner. When the transaction finalises in ...

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
APRA is consulting on two new prudential standards aimed at strengthening how entities, including superannuation trustees, respond to financial crises. CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900) are the ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
An industry group for independent financial advisers and lawyers have come out criticising Westpac over the six cases brought against it by ASIC. Slater and Gordon Lawyers is calling on Westpac to 'walk the talk', after Westpac's chief executive Peter ...

Next Macquarie chair announced

CHLOE WALKER  |  THURSDAY, 2 DEC 2021
Glenn Stevens has been appointed the next chair of Macquarie Group and Macquarie Bank following the retirement of Peter Warne. Stevens' appointment and Warne's retirement as a voting director on both boards will be effective in May 2022, following the ...

Courtenay House director faces court for alleged fraud offences

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
ASIC brings criminal charges against former Courtenay House director and contractor for an alleged $196 million Ponzi scheme. Tony Iervasi and Athan Papoulias have today appeared in the Downing Centre Local Court charged with criminal offences for their ...

Industry fund chief steps down, successor named

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
The longstanding chief executive of $26 billion industry superannuation fund Spirit Super will step down in the new year, with a QSuper executive to take up the role. Spirit Super's Leeanne Turner will step down as chief executive in early 2022 ...

Economic recap: Week to November 26

BENJAMIN ONG  |  MONDAY, 29 NOV 2021
Out of (South) Africa Just when citizens of Planet Earth were beginning to enjoy their new-found freedom - through herd immunity, increased vaccinations and/or learning to live with Delta - comes a new kid in town. And it's name is Omicron. The discovery ...

Adviser jailed for illegal super access

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
A former financial adviser was sentenced to jail for facilitating the illegal early access of clients' superannuation to the tune of $1.5 million. Victoria-based Ahmed Saad operated Saad Wealth Management between 10 April 2012 until 16 October 2017 ...

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
Not taking a hike "It's not time to make a change Just relax, take it easy..." -Cat Stevens, Father and Son The curse du jour that is rising inflation has raised volatility in the bond and equity markets by virtue of the anticipated central bank ...