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Showing 651 - 660 of 2686 results for "Fair"

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... "Superannuation represents the future financial security of all Australians. We want to see funds operate in a way that is fair for members and promotes confidence in superannuation." Handing down his decision today, Justice Murphy found that CFS's ...

Maple-Brown Abbott hires for new strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 OCT 2021
... cash returns on capital, run by shareholder-oriented management teams, and purchasing them at a discount to our estimate of fair value."

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... changes we've made are sustained and continuously improved." However, the storm isn't over for the bank as it was the Fair Work Ombudsman (FWO) alleges CBA and CommSec contravened the Fair Work Act for failing to pay 7425 workers about $16.44 ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
The regulator is taking Diversa Trustees to court over failing to maintain oversight of a now banned financial adviser. Diversa is the trustee for $1 billion Future Super, Mason Stevens Super, ING Super and MAP Master Super - later known as OneSuper ...

Mainstream shareholders vote in favour of Apex

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... scheme." Mainstream appointed Deloitte Corporate Finance as its independent expert. Deloitte concluded that the scheme is fair and valued Mainstream shares between $2.17 to $2.64 per share. Apex's offer includes an enterprise value for Mainstream ...

Regulation, industry to curb greenwashing

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
The funds management industry, along with policymakers, must improve classifications of sustainable funds to prevent greenwashing, according to the International Monetary Fund (IMF). The IMF's Global Financial Stability Report said that $20 trillion ...

Energy leads top stock picks: Morningstar

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... as its picks from the sector. "Energy remains the only undervalued sector, with constituents trading on an average price/fair value estimate ratio of 0.84 as the higher spot oil price has yet to be fully factored in to share prices," Morningstar analysts ...

Milestone Group launches valuation tool

KARREN VERGARA  |  WEDNESDAY, 6 OCT 2021
BNY Mellon subsidiary Milestone Group has launched a back-office solution that aims to accurately value securities. Fair Value Control can be used by administration and compliance teams to help reduce operational risk, improve governance and provide ...

Industry calls for expanded CSLR

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
Professional associations and consumer groups have banded together to lobby for a stronger compensation scheme of last resort ahead of its expected legislation in the coming weeks. The Financial Planning Association of Australia, Association of Financial ...

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... Courts would also be empowered to approve or vary the proceeds that go towards members of the class action to ensure it is fair. "To further protect plaintiffs, the draft legislation would establish a rebuttable presumption that a return to the general ...