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Showing 61 - 70 of 839 results for "Settlement"

Colonial First State, AIA agree $140m class action settlement

JAMIE WILLIAMSON  |  WEDNESDAY, 5 NOV 2025
... Employer Super and Commonwealth Essential Super. Today, Shine Lawyers announced the parties have reached an in-principle settlement of $140 million, with the formal settlement deed still pending. The settlement is without admission of liability, it noted. ...

APRA to rejig non-traditional service providers framework

KARREN VERGARA  |  FRIDAY, 31 OCT 2025
... defines NTSPs as providers that are typically market-mandated, such as stock exchanges, payment schemes or clearing and settlement facilities. Arrangements with such providers often lack formal contracts or rely on standardised, non-negotiable terms. ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
... investors, or 60% of the Shield units - can accept a windfall from the ETF sale or leave the remaining ETFs in place. The settlement will include an end to the Keystone liquidation," he said. Chiodo is also proposing to push back the court-ordered mediation ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... Cbus' administrator, MUFG Retirement Solutions. While it denied being at fault, it has since reached an undisclosed settlement with Cbus in relation to the delays. ASIC's review also found delays in many cases where all the necessary and correct ...

AMP platform flows jump 61.6%

RIDDHIMA TALWANI  |  THURSDAY, 16 OCT 2025
... insurers and conclude the legal proceedings. It will receive a further $24 million, taking the total proceeds from the settlement of the claim to approximately $68 million.

MUFG 'sincerely apologises' to Cbus over claim delays

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
Cbus and MUFG Retirement Solutions have reached a settlement relating to "unacceptable delays" in the processing and payment of death benefit and insurance claims made by Cbus members and claimants. MUFG said it "sincerely apologises to Cbus and its ...

RBA says ASX has 'considerable work to do'

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
The Reserve Bank of Australia (RBA) has released its 2025 Assessment of the ASX Clearing and Settlement (CS) Facilities, slamming the market operator for continued failures. The RBA determined the ASX has "considerable work to do" to meet the central ...

Former Income Asset Management staffer embezzles $1.5m

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
... and a monthly portfolio holding report is sent for each account holder. IAM reconciles the cash versus security/asset settlement daily with PCT," IAM said. The bond administration and custody arrangements with PCT are not impacted. Consequently, some ...

MHC Digital partners to launch stablecoin platform

MATTHEW WAI  |  MONDAY, 22 SEP 2025
... Capital. Meanwhile, MHC will provide supporting capital, strategic expertise and infrastructure, including trading, settlement and liquidity rails through their trading platform, MHC Markets. The platform will include 1:1 reserves held in segregated ...

ASIC makes 'first-of-its-kind' exemption to broaden digital asset access

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... 2025/631, the instrument provides an exemption to intermediaries to hold separate AFSL, Australian market, or clearing and settlement facility licences when providing services related to stablecoins issued by an AFSL. The relief will take effect once ...