Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 296 results for "Ruling"

Court ruling reiterates need to comply with AFCA

CASSANDRA BALDINI  |  WEDNESDAY, 25 JAN 2023
A court ruling has reaffirmed that financial institutions must cooperate with the Australian Financial Complaints Authority (AFCA) or face penalties. The ruling came in a case ASIC brought against home finance companies, General Commercial and Eden ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
The superannuation offering of an ASX-listed fintech will merge with AMG Super later this month following a ruling by its trustee. Raiz Invest Super, the super solution offered by micro investing platform Raiz, will become a division of AMG Super on ...

Perpetual appoints head of equities

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... agreed to revise the cash and scrip considerations of the deal, with both to be reduced. Additionally, a Supreme Court ruling determined that a $23 million break free wasn't Pendal's exclusive remedy should Perpetual renege on the deal. The court ...

Pendal, Perpetual amend deal terms

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
... Pendal Group and Perpetual have confirmed the terms of their takeover deal have changed, in addition to the Supreme Court ruling that Pendal could rightfully seek more than a break fee if the deal goes south. Both parties have agreed to revise the cash ...

Vanguard Super reignites fee war with launch

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... unlisted investments could be trying, but said he is confident it's a high-quality product regardless. He's also not ruling out the addition of unlisted assets down the line. "Unlisteds go through cycles like most assets, but we don't inhibit ...

ASIC appeals CFS, CBA decision

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
ASIC is appealing the Federal Court's ruling in its conflicted remuneration case against Commonwealth Bank and Colonial First State. The case related to the Essential Super product, with ASIC alleging the two entities breached conflicted remuneration ...

Not ruling anything out: Insignia Financial

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
Having attributed its strong FY22 earnings to its recent acquisitions, Insignia Financial's Renato Mota is not ruling out future M&A opportunities to add scale. "We have undertaken two large acquisitions, I think that's provided us with tremendous ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
... stated. "It's also probable that adjustments to public sector wages policies and the upcoming Fair Work Commission ruling on new minimum and award rates would result in faster wages growth for affected workers in the period ahead." Even while measures ...

Barred adviser breaches ASIC order

ANDREW MCKEAN  |  MONDAY, 20 JUN 2022
... stated that he failed to understand what was required of him to comply with the best interest duty. A Magistrate's Court ruling disqualified Toledo until 5 September 2024; however it has since come to light that he continued to provide financial product ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... address issues with regulatory uncertainty. In the tax world, there is the option to go to the ATO to ask for a binding tax ruling. In the advice world, often when a licensee approaches ASIC, they will be advised to get their own legal advice. If a licensee ...