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| | ... "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 ... |
| | | ... 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 ... |
| | | ... 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 ... |
| | | ... 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. ... |
| | | ... 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 ... |
| | | ... 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 ... |
| | | ... 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 ... |
| | | ... 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. ... |
| | | ... 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 ... |
| | | ... 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 ... |
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