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Showing 71 - 80 of 312 results for "Tranche"

AMP to pay $100m to settle BOLR class action

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... Commission, and more than 90% since AMP first listed. The group said it will update the market before the end of the year on how tranche three of its capital return program is progressing, with the $50 million added to the settlement to have an impac ...

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2023
... Association Australia Congress this morning, Jones acknowledged feedback from the advice sector in relation to the first tranche of draft legislation to come out of the Quality of Advice Review, released last week. Upon its release, many lamented the ...

Paraplanners unfazed by QAR, AI: Survey

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... Statements of Advice (SoAs) should be replaced with an advice record that is more fit-for-purpose. However, in the first tranche of legislating some of the recommendations, overhauling the SoA was noticeably missing. Some paraplanners feared that their ...

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 ...