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Showing 61 - 70 of 299 results for "Tranche"

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON | MONDAY, 20 NOV 2023

... Accumulate Plus and those with defined benefit (other than lifetime pension) entitlements, has been completed. The second tranche is the transfer of the fund's 3700 lifetime pension members, representing about $2 billion, and is expected to occur ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN | TUESDAY, 14 NOV 2023

... million. The funds raised from the issuance will be allocated to repay and subsequently retire a $250 million bank debt tranche, which is scheduled for maturity in May 2024. Australian Unity healthcare property general manger Chris Smith said this outcome ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA | TUESDAY, 14 NOV 2023

... Interests Duty and the overhaul of the Statement of Advice (SoA). Released today, the proposed legislation is the first tranche of the Delivering Better Financial Outcomes package of reforms and is open for consultation until December 6. Treasury Laws ...

Wealth managers seek better data warehouse solutions: BNP Paribas

CHLOE WALKER | FRIDAY, 10 NOV 2023

Wealth managers are increasingly demanding better ways to access and utilise data from their custodians and expect advances in artificial intelligence (AI) to make this possible, according to BNP Paribas. "They want to know what we know and what we ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON | THURSDAY, 9 NOV 2023

More than $17.4 million has been made in compensation payments to retail clients affected by legal breaches by eight retail OTC derivative issuers, $13 million of which was paid by Binance alone. ASIC said the payments have been made to more than 2000 ...

Will HNW firms re-enter retail advice?

KARREN VERGARA | WEDNESDAY, 1 NOV 2023

... Lykouras said that it puts JBWere in a "strong position now to focus and support the Quality of Advice Review". The first tranche of reforms stemming from the QAR will ease regulatory and administrative burdens, such as abolishing the Safe Harbour Steps ...

AMP settles class action for $110m

KARREN VERGARA | MONDAY, 21 AUG 2023

... settlement amount will be met by available insurance proceeds," AMP said. "This settlement does not impact the current second tranche of capital return to shareholders and we remain committed to updating the market on the third tranche of capital return ...

AMP provisions $50m in response to class action

ANDREW MCKEAN | THURSDAY, 10 AUG 2023

... judgment and other litigation matters, we are taking a prudent approach with our capital and liquidity and will pause tranche three of the capital return. We will review the decision to pause tranche three by no later than the end of the year." In July ...

Sequoia expands professional services arm

CASSANDRA BALDINI | WEDNESDAY, 12 JUL 2023

... consideration of up to $3.15 million is payable in cash and shares over a period of two years post completion. The final tranche is subject to a performance hurdle payable in July 2025, Sequoia said. "The acquisition will be funded from Sequoia's strong ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI | THURSDAY, 6 JUL 2023

... gap highlighted by APRA was the inadequate definition and execution of control testing programs. Findings from the first tranche revealed that entities' testing programs were incomplete, inconsistent, lacked independence and did not provide adequate ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI | 12:34PM

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI | 12:17PM

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA | 12:29PM

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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