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Showing 931 - 940 of 4602 results for "RAISE"

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
The Federal Court yesterday made orders in ASIC's December 2019 case against TAL, which stems from a Royal Commission case study. The matter relates to a TAL income protection customer, who in January 2014 made a claim on her policy after being ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
The prudential regulator has acknowledged concerns over "quasi-mergers" raised by Senator Andrew Bragg. In a letter provided to Financial Standard, Bragg contacted APRA in February to express concerns over the "quasi-merger" between Maritime Super and ...

OpenMarkets raises $10m, moves up ranks

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
OpenMarkets is set to list later this year, having secured $10 million in a pre-IPO fund raise as it overtook CMC Markets as second-largest retail broker in Australia. Now trailing only CommSec, OpenMarkets says feedback from investors in the oversubscribed ...

Perpetual promotes on Aussie equities team

KANIKA SOOD  |  TUESDAY, 9 MAR 2021
... and Perpetual International Share Fund. In July 2020, Perpetual said it would pay $465 million (about 40% via an equity raise, 50% via a debt facility and about 10% via cash) to buy 75% interest in Barrow, Hanley, Mewhinney & Strauss from BrightSphere ...

Celebrating women in financial services

STAFF WRITER  |  MONDAY, 8 MAR 2021
... holding themselves back from answering a question, struggling to feel comfortable promoting their contributions, asking for a raise or applying for a stretch role. Q: What is your earliest memory of being treated differently to your male colleagues? ...

Chief economist update: More manna from UK Treasury

BENJAMIN ONG  |  FRIDAY, 5 MAR 2021
... total fiscal support from this Government over this year and next amounts to £407 billion." According to Sunak, this will raise the UK's budget deficit to £355 billion this year (17% of GDP) - the highest level since WWII - with another £234 billion ...

Aged care RC unveils 148 recommendations

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
... The Health Services Union commented that "Medicare-style levy can transform aged care" with a 0.65% rise in the levy can raise $20.4 billion over four years. "With a guaranteed and sustainable funding stream, we could increase the size of the workforce ...

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
ASIC has commenced civil proceedings against CommSec and AUSIEX in the Federal Court. CommSec overcharged brokerage fees to customers on 120,933 occasions totalling $4,352,194 between August 2010 and February 2020, ASIC alleges and CommSec has admitted. ...

ACCC merger reforms may impact super industry

ELIZA BAVIN  |  FRIDAY, 26 FEB 2021
The competition watchdog has accelerated merger activity in the superannuation sector in its sights as it becomes increasingly concerned about lack of competition in financial services. Australian Competition and Consumer Commission (ACCC) chair Rod ...

Remains of Melissa Caddick found

ELIZABETH MCARTHUR  |  FRIDAY, 26 FEB 2021
A foot in a shoe has been identified as belonging to missing woman Melissa Caddick, the woman who claimed to be a financial adviser and is the subject of an ongoing ASIC investigation. The human remains were discovered on a beach on the NSW South Coast ...