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Showing 81 - 90 of 6416 results for %22December 2014%22

More outflows for Platinum

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... Management reported another month of net outflows as the fund manager confirmed the start date of its new chief executive. In December 2023, Platinum recorded net outflows of about $235 million to finish the year with $15.4 billion in total funds under ...

Insignia Financial class action dismissed by court

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... the Royal Commission and other circumstances. The accusations were rejected by the Honourable Justice Anderson on 20 December 2023, saying: "The evidence as a whole, does not rise to the level of establishing a problem with IOOF's culture, systems ...

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... as SKR Private and Synergy Equities Group. ASIC has now cancelled this company's AFSL as well. The ban was effective 5 December 2023. According to ASIC's Financial Adviser Register, between September 2010 and January 2015, Pagliaccio jumped between at ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... avoid the policy. Nevertheless, Federal Court Justice Jackman dismissed all of ASIC's claims in a decisive ruling on 21 December 2023, exonerating Zurich of the alleged breaches. Post-verdict, ASIC deputy chair Sarah Court remarked that the regulator ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... in property developments, however, only a small portion was invested accordingly. Meanwhile, from 14 July 2016 to 23 December 2019, Naseeruddin further exploited his position as director of Secure Investments, extracting more than $550,000 from the company's ...

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... chief executive of Mine Super, to helm the merged entity. The two funds first announced they were exploring a merger in December 2022, saying "the two funds share a strong heritage of "member first values" as historically important profit to member industry ...

Federal Court appoints receivers to investigate Brite Advisors

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
... The receivers were subsequently designated as investigative accountants by the court and submitted a report to it on December 8. The court's decision to appoint them as receivers was based on serious and wide-ranging concerns identified by ASIC and the ...

Former adviser misled ASIC during investigation: Court

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... some $3.5 million invested was not approved by Shaw and Partners. He was banned from leaving the country in June. On December 14, Ridgway appeared at the Southport Magistrates Court in Queensland. He was charged on two counts of providing false or misleading ...

Mitsubishi UFJ Financial Group to acquire Link Group

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... share, which is inclusive of a $0.16 dividend. MUFG is paying a 33% premium based on Link's closing share price on December 15. Major financial firms have attempted but failed in their takeover of Link in recent years. Following a years' long ...

Boards unprepared for new workplace laws: Research

ROSE MARY PETRASS  |  THURSDAY, 14 DEC 2023
... concerned their boards aren't fully ready to meet new workplace sexual harassment laws introduced this week. Effective December 12, the Australian Human Rights Commission is now enforcing the Positive Duty under the Sex Discrimination Act, requiring ...