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| | | The consultation window for the exposure draft set to extend the ban on conflicted remuneration to listed investment companies and trusts is open, for a short period of time. Stakeholders have been given just one week to respond to the government's ... |
| | | | Commonwealth Superannuation Corporation (CSC) has named a new chief executive, hiring a former industry fund chief. Damian Hill, who was chief executive of Rest for 12 years, will now lead the $50 billion government fund. His appointment comes as CSC's ... |
| | | | Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal. The FPA wants to see AFSLs only responsible for the oversight of product compliance ... |
| | | | ... Retirement Fund only managed to pay out 34.8% of the 1915 requests it has had in five days. Meanwhile, SAS Trustee Corporation Pooled Fund paid out just 6.9% of early release claims within five days despite only having 134 requests amounting to $700,000. ... |
| | | | Keybridge Capital has launched legal proceedings against Wilson Asset Management, alleging WAM improperly transferred Keybridge shares into its own name. According to Keybridge's filing, it commenced proceedings in the Supreme Court of NSW in relation ... |
| | | | ASIC has cancelled the Australian financial services licenses of Western Australia-based, Personal Risk Management and Melbourne-based Australian Golden Securities ASIC said Personal Risk's cancellation took effect on 21 May 2020, after the company ... |
| | | | ... fill out its board with independent non-executive directors following its sale to Mitsubishi UFJ Trust and Banking Corporation last year. Tredenick, previously the chief executive of MLC's corporate superannuation business, also served as chairman ... |
| | | | ASIC first banned the three from providing any financial services for a period of five years in November 2019 but they appealed the decision. They applied for a stay of the decision and a confidentiality order preventing ASIC from publishing information ... |
| | | | ASIC has cancelled the ASFLs of two NSW-based financial service providers. Sydney-based financial services provider Squareknot's licence cancellation took effect on 6 May 2020. ASIC said the licence was cancelled after it found that Squareknot did not ... |
| | | | ... associate director Anita B. Bandy said. Ares Management LLC is a wholly-owned subsidiary of NYSE-listed Ares Management Corporation, which managed US $149 billion in assets under management at March end. In Australia, Challenger subsidiary Fidante Partners ... |
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