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Showing 61 - 70 of 25536 results for "NOT"

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... "To respond to this, we took the decision to moderate the loan book growth in the near term. In the current conditions we do not anticipate a major change from this strategy," she said. Next year, AMP Bank will launch a new digital small business banking ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... proceedings yet, ASIC's investigation into the NGS companies and their directors is ongoing. The NGS companies are separate and not connected in any way to NGS Super. NGS Super said: "NGS Super has also had prior litigation in the Federal Court of Australia ...

Global Alternative Funds names managing director

ELIZABETH FRY  |  MONDAY, 15 APR 2024
... establishment, GAF has grown its assets under management from $12.5 million to $1.2 billion. She further points out that GAF is not a fund of funds manager nor a capital raising firm, but an investor across the alternative asset classes spectrum, of ...

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... 2019, when the fund was suspended. LFS failed "to act with due skill, care and diligence", the FCA said, adding that it did not properly oversee Woodford Investment Management (WIM) or sufficiently ensure that concerns about liquidity were acted on. ...

Schroders welcomes new head of intermediary

ELIZA BAVIN  |  FRIDAY, 12 APR 2024
... held for five years. Prior to that he spent four years as national sales manager at Paradice Investment Management. This is not the first time Fernandez has worked for Schroders, having worked with the company for almost 10 years from 2005 to 2015. Schroders ...

Proxy advisors have 'undue influence': Jamie Dimon

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... upon which they are relying is accurate and relevant. However, many companies would argue that this information is frequently not balanced, not representative of the full view and not accurate," Dimon said. He said while almost all asset managers receive ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... issue appropriate risk disclosure documents and develop appropriate target market determinations to ensure that consumers are not sold inappropriate products," Court said. "We allege that Finder Wallet failed to do this, potentially putting their customers ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... charged an upfront fee of $5000 plus between $2500 and $3000 in monthly ongoing fees. In court, Lanterne admitted that it did not have any risk management systems or processes in place and was reliant on CARs self-reporting issues of non-compliance. ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... less innovation can result from weakened competition. Stronger merger laws are critical to ensure anti-competitive mergers do not proceed. These proposed changes are significant and will reinforce public confidence in Australia's competition laws," Cass-Gottlieb ...

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... increase in the number of code breaches during 2022-23, rising 9% and amounting to 12,314. Four life insurers, which the LCCC did not name, account for 90% of the breaches. Breaches of section 8.15 of the code, communicating claim decisions, was the ...