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Showing 881 - 890 of 9451 results for "Made"

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... individual retirement accounts (IRA), or take out lines of credit. Instead of delivering the returns promised, the parties made Ponzi-like payments to investors, the SEC alleges. This was because Burkhalter was actually using the money invested to fund ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... IPOs, and stricter regulations. But despite the growth of private markets and the resulting product innovation, which has made the sector more accessible to individual investors, comprehensive market research remains scarce, BT said. "The partnership ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... members, but rather use the data they have to meet their members' needs. She added that it was disappointing that complaints made by members to AFCA about delays in claims doubled between 2022 and 2023. "We are particularly concerned about delays in ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ASIC has alleged statements made in ASX announcements on 10 February 2022 that the project remained "on-track for go-live" in April 2023 and was "progressing ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... transformation strategy has resulted in $42 million of cost savings or $67 million annualised and realised in FY25. Bravura made "good progress on resetting the business, right sizing our cost base and focusing on our clients and our people, with the ...

Wages grow 0.7% in June quarter

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... Government employees saw their pay adjust on March 14. "This led to a larger increase in the contribution Commonwealth jobs made to public sector wage growth. Pay rises for these jobs had previously been paid at different times across quarters depending ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... fees, $63 million in other remediation matters and utilised $29 million for program costs," the bank said. "The group has made all customer refunds in relation to ongoing service fees remediation and continues to engage with ASIC in relation to remediation ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... the best interests of members, affirming that "our directors meet the requisite standards" and all third-party payments are made on commercial terms, aimed at maximising value for members. "We don't waste members' money on sponsoring sporting ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... and chief executive Nick Hamilton said the firm had delivered a very strong performance, executed on its growth strategy, made strategic investments around the customer and the capability to support long-term sustainable growth. "Our Life business performed ...

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... and private clients. Nearly 3800 financial intermediaries are using the Netwealth platform. Netwealth's client base is made up of 61% retail investors, 22% are HNWs, 10.2% are ultra HNWs and family offices, and the remainder are institutional. Rainmaker ...