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Showing 771 - 780 of 6071 results for "Commission"

Crestone to be acquired by LGT Group

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Crestone Wealth Management is set to be acquired by one of the world's largest privately owned wealth managers, LGT Group. Under the agreement, LGT Group will acquire 100% of Crestone for $475 million. "The proposed transaction would enable Crestone ...

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... Highlighting the conflicts on interests that exist in vertically integrated organisations as exposed by the Hayne Royal Commission, Jones said it would be naive to think that this only exists with advisers attached to retail funds. Hume agreed, saying ...

ASIC bolsters leadership

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
The corporate regulator is adding an executive director of operations, chief financial officer and chief people officer. Announcing the appointments today, ASIC said they are intended to strengthen its capability and effectiveness. Joining in January ...

FIRB reappoints Irvine as chair

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
The Morrison government has reappointed David Irvine as the chair of the Foreign Investment Review Board (FIRB) for a further two-year period. The former ambassador to China and high commissioner to Papua New Guinea was first appointed to the FIRB as ...

De Ferrari returns to Credit Suisse

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
... Suisse veteran took the reins at AMP on 1 December 2018 as the firm grappled with the fallout from the Hayne Royal Commission. De Ferrari was hired on a rolling contract with either party being able to terminate on six months' notice. Alexis George ...

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
Despite a flood of litigation following the Royal Commission, a new report from Herbert Smith Freehills says Joe Longo's ASIC is taking a less aggressive enforcement approach than its contemporaries. Herbert Smith Freehills' Global Financial Services ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... 'Breakfree' packages in conduct dating back more than two decades. In what is the last investigation to come out of the Royal Commission, ASIC alleges that between the mid-1990s and September 2021, ANZ failed to provide certain benefits. These ...

Sydney Airport takeover given green light

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
The Australian Competition and Consumer Commission will not oppose the acquisition of Sydney Airport by a consortium comprising IFM Investors, AustralianSuper and others. The Sydney Aviation Alliance, which consists of IFM Investors, AustralianSuper ...

Avanteos faces criminal charges over deceased super members

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... so. Avanteos has remediated all affected customers. Avanteos's conduct was the subject of evidence given at the Royal Commission in the context of fee for no service conduct in the financial sector. The maximum penalty for each offence, which occurred ...

Intergenerational transfer hits $1.5tn

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
... majority of their wealth, as some $1.5 trillion has been passed on to the next generation since 2002, the Productivity Commission finds. In 2018 alone, nearly 90% of the $100 billion transferred was in the form of inheritances passed on following death. ...