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| | | Commonwealth Bank of Australia (CBA) has increased the limit of indemnity provided to Countplus, from $300 million to $520 million. CBA said the purpose of the increased limit was to cover certain remediation activities that were identified at the time ... |
| | | | The Financial Planning Association of Australia (FPA) has said the Australian Law Reform Commission (ALRC) should prioritise advice regulations in its ongoing review of financial services law. In its latest submission to the ALRC review of the Legislative ... |
| | | | Centuria Industrial REIT is partnering with an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI). The partnership, known as the Centuria Prime Logistics Partnership (CPLP), will see the MSREI vehicle acquire a roughly 50% ... |
| | | | A local subsidiary of TPP Global Investments is the target of ASIC's latest court action. The regulator commenced Federal Court action against Provide Nominees, which trades as Provide Capital, seeking the court's intervention under s70 of the ASIC ... |
| | | | North has launched its new managed portfolio offering, Buy, Badge, Build, for advisers and their clients. Buy, Badge, Build will allow advice practices to choose from North's menu and customise their own branded managed portfolios. North explained ... |
| | | | Almost two years since pooling their assets, the two funds have officially signed a successor fund transfer deed. Expected to take place in September 2023, the merger will see Maritime Super members transferred to Hostplus and all Maritime Super assets ... |
| | | | Colonial First State (CFS) has significantly expanded its FirstChoice menu, adding a range of ETF exposures, fixed interest, and sustainability strategies. Following the addition of the 17 new funds, the FirstChoice platform has reached the largest ... |
| | | | New data has highlighted the roles within banking and financial services that will receive pay rises in excess of inflation and those that won't. According to the latest Robert Walters Salary Survey, those who can expect a median increase are wealth ... |
| | | | ASIC named and shamed more responsible entities in need of improving their oversight of investment managers' marketing practices, raising concerns over five funds totalling about $705 million in assets. Ongoing ASIC surveillance identified concerns ... |
| | | | Another multi-billion crypto exchange bites the dust, BlockFi has filed for Chapter 11 protection, commencing a restructuring proceeding to stabilise its business. As part of its restructuring, BlockFi will focus on recovering all obligations owed to ... |
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