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Showing 61 - 70 of 194 results for "Separation"

MLC Wealth appoints chair

ELIZA BAVIN  |  TUESDAY, 2 JUN 2020
... forward to working with Geoff Lloyd and his newly formed and highly experienced executive team who are leading the separation of MLC Wealth." Lloyd, the current chair of the NWMSL board is managing director and chief executive of MLC Wealth, will remain ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... by 64% to 30 cents per share. As part of its plan to soften the impact of COVID-19, NAB said it is accelerating the separation of MLC Wealth as a priority to ensure it is well positioned for divestment. In the half-year to March 2020, MLC Wealth contributed ...

SMSF auditors come under fire

ALLY SELBY  |  THURSDAY, 23 APR 2020
... auditors. Ronald Cuthbertson was suspended for "deficiencies in auditing the valuation of fund assets, compliance with separation of fund and trustee asset ownership, compliance with related party and arm's-length requirements, and compliance with personal ...

NAB remediation bill grows

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
... NAB warned of a delay in the offloading of MLC Wealth and said that due to the "challenging business environment" the separation could be delayed beyond financial year 2020. Meanwhile, the NAB announcement also indicated that MLC Life is facing tough ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... The most common SMSF contraventions the ATO took action on last year were loans (21.1%), in-house assets (18.5%) and separation of assets (12.7%). Current compliance risk focus areas for the ATO are illegal early super release promoters, non-lodgement ...

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
National Australia Bank in its quarterly update flagged another delay to the separation of MLC Wealth. NAB said that due to a challenging business environment, the separation of MLC Wealth may be delayed beyond financial year 2020. "Work on operational ...

MLC Wealth hires technology chief

JAMIE WILLIAMSON  |  MONDAY, 13 JAN 2020
... transformation across technology and operations in financial services organisations," he said. "As we continue to prepare for separation, Darren's deep experience across technology and operations will enable us to deliver strong capability to support ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... legislation," Patterson said. FASEA's interpretation of the code is irrelevant because FASEA won't be enforcing the code: Separation of powers, he explained, does not lessen the relevance of FASEA. The code has too many areas of uncertainty: Patterson ...

Berkshire to chase growth for InvestSMART

KANIKA SOOD  |  FRIDAY, 25 OCT 2019
... Management, as the private debt manager left Kapstream. Berkshire principal Nelson Lam also worked on Pengana's separation from NAB in 2017 and the transaction between Hunter Hall and Washington H. Soul Pattinson. "Given the current Australian economy ...

First State Super enters global equities partnership

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2019
... out its own international shares capability. HSBC said the terms of the partnership are unique as there is a clear separation between the mandate and R&D support despite being run in parallel. Ross Barry, head of systematic and impact investing at First ...