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Showing 751 - 760 of 4973 results for "Limit"

Property trusts hit with stop orders

CHLOE WALKER  |  TUESDAY, 22 NOV 2022
MPG Funds Management Limited (MPG) has been banned from offering or distributing two of its property trusts to retail investors because of poor target market determinations (TMDs). The interim stop orders, implemented by ASIC, prohibit MPG from issuing ...

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
Link Group has sold 10% of its existing 42.77% shareholding in PEXA Group for $101.9 million, with the net proceeds to be used to pay down debt. The PEXA selldown was executed at $13.50 per share; settlement is expected to occur on November 23. The ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
APRA has released updated guidance on investment governance for superannuation trustees. The update, which comes into effect in January of next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... members, having the potential to magnify both gains and losses from fluctuations in asset prices. While in theory LRBAs limit recourse of lenders to a particular asset in the event of a default, in practice they can affect assets beyond those subject ...

Natixis takes on Investors Mutual distribution team

JAMIE WILLIAMSON  |  WEDNESDAY, 16 NOV 2022
The marketing and distribution capabilities of Natixis Investment Managers and Investors Mutual Limited have been combined, with a head of institutional and head of wholesale appointed. The enhanced distribution platform will provide additional resources ...

Advisers, non-relevant providers will not compete: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 16 NOV 2022
Financial advisers won't be competing with non-relevant providers to provide advice as they're occupying different worlds and serving different needs, Quality of Advice Review chair Michelle Levy says. Speaking to Financial Standard for an upcoming ...

ASIC suspends FTX Australia's licence

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
ASIC has suspended the Australian financial services licence of embattled crypto company FTX. FTX entered voluntary administration on November 11, and the AFSL is suspended until 15 May 2023. However, for the time being, FTX can continue to provide ...

UniSuper appoints Peter Warne

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
UniSuper has appointed Peter Warne as chair of its investment committee, also joining the fund's board as an independent non-executive director from January 2023. Warne recently retired as Macquarie Group chair after six years in the role, and 15 ...

Hopes for action at "implementation" COP27

RACHEL ALEMBAKIS  |  MONDAY, 14 NOV 2022
... meaning that participants will be held responsible for action - or lack thereof - on meeting the ambitious targets to try to limit global warming to 1.5 degrees. "We always knew this was going to be much more of a bread and butter COPP in a lot of ways," ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
The corporate regulator has placed interim stop orders on offers from Finnia Income (Finnia) in response to its flimsy target market determinations (TMDs). Finnia, an unlisted company, pursued a $20 million raise under a prospectus through the issue ...