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

Search Results

Showing 761 - 770 of 2532 results for "Legal"

Managed accounts FUM inch to $100bn

KARREN VERGARA  |  FRIDAY, 12 MAR 2021
... account services at $38.9 billion (up 28% year on year). Potter said the significant increase in SMA assets reflect a one-off legal transition of a large platform's FUM from the "other services" category as it changed the legal structure under which ...

Frontier zeroes in on poor culture

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
... any discrepancies being raised with the board," Rafe said. "There appears to be a paradox between ethical expectations and legal restriction. Simply complying with the law does not necessarily mean executives' action is right for customers. The evidence ...

AMP Capital Ethical Leaders dropped by another super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
Another super fund has axed AMP Capital Ethical Leaders Balanced Fund as the sole manager of its socially responsible option, citing liquidity concerns and negative press. Mercy Super has made the decision to drop AMP Capital Ethical Leaders as the ...

Mainstream to be acquired for $170m

ELIZA BAVIN  |  TUESDAY, 9 MAR 2021
... is received, the settlement amount will be paid within five days of receiving court approval. This matter did not involve legal proceedings against the US subsidiary," the fund administrator said.

Westpac exec goes part-time

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
... contribution. "For the past decade as general counsel, Rebecca has played a pivotal role in navigating the company through various legal and regulatory challenges, including BBSW, responsible lending, the Royal Commission and AUSTRAC," King said. "Importantly ...

Women-led super funds outperform

KARREN VERGARA  |  MONDAY, 8 MAR 2021
New research shows superannuation funds with females holding an executive position continue to outperform male counterparts. Of the 50 super funds analysed in Rainmaker's annual W-Index, one-third of leadership roles such as chairs of the board ...

Dover, McMaster hit with $1.4m penalty

KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... the firm intentionally misled clients in a number of ways to either misstate, exclude, limit, restrict and/or dilute their legal rights against Dover. On 22 November 2019, O'Bryan upheld ASIC's claims that from around 25 September 2015 to around ...

Clime, Bristow to face court

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... entitlement offer fund raising. Golowenko claims Bristow issued an oral directive in words to the effect of: "Clime has no legal obligation to inform our clients of this entitlement." Following the meeting, Golowenko complained that Bristow was putting ...

ASIC takes action against Rest

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
... transfer their full balance out. In a statement the super fund said it is disappointed with ASIC's decision to launch legal action over a matter that was self-reported by the fund and for which members are being remediated. The fund said the proceedings ...

State Street loses Fearless Girl replica claim

KANIKA SOOD  |  TUESDAY, 2 MAR 2021
... industries including professional services, accountancy, property, energy, superannuation, private health funds, retail banking, legal, education, construction, and other industries. The cost of the full-sized replica of the statue was about US $250,000 ...