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Settlement reached in Caddick class action

ELIZA BAVIN | MONDAY, 9 DEC 2024

... total. While the settlement amount is still confidential, lead lawyer for the class action Michael Chapman told Financial Standard it is a great outcome. Financial Standard understands the settlement amount should return to each member about half of ...

Sally Auld to take on chief economist role at NAB

ELIZA BAVIN | TUESDAY, 3 DEC 2024

... placed to take on a new role within JBWere following the departure of Maria Lykouras as JBWere chief executive. Financial Standard understands that under the changes, announced in November, Lykouras' role was made redundant with two new roles created ...

AMP completes advice licensees sale

KARREN VERGARA | MONDAY, 2 DEC 2024

... contracts were offered to employees where they could have made a choice to leave and 103 accepted," he told Financial Standard. "We spent many hours with the practices 12 months ago, showing them what the pathways were and getting their feedback. What ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI | MONDAY, 2 DEC 2024

... during the final parliamentary sitting of the year. Neo Super head of SMSF technical services Nicholas Ali told Financial Standard that the election result will influence the outcome. "There is every chance the Labor government will either lose the next ...

JBWere restructures, chief executive exits

ELIZA BAVIN | WEDNESDAY, 20 NOV 2024

... chief investment officer Sally Auld in an expanded capacity and the bank is looking to hire for the other. Financial Standard understands that Lykouras' role was made redundant during the restructure, and she opted not to take another role within ...

Cbus confirms CFMEU nominations to board

ELIZA BAVIN | TUESDAY, 19 NOV 2024

... to the board, and Cbus has confirmed its nominations of Crumlin, O'Mara, and Weber have been accepted. Financial Standard understands that the new directors will commence soon, with tenure and committee appointments to be settled. The nominations ...

QIC backs Virescent Ventures

KARREN VERGARA | TUESDAY, 19 NOV 2024

... centre. QIC sold Westpoint to Haben and US investment manager Hines, both of which will take a half stake. Financial Standard understands the final sale price was $900 million.

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA | THURSDAY, 14 NOV 2024

... contract, but under a disguise, so that you're avoiding tax and employer labour laws and so forth," she told Financial Standard. Cornelissen has seen instances of the Australian Taxation Office (ATO) pursuing businesses involved in offshoring on ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN | WEDNESDAY, 13 NOV 2024

... impacted, 4366 of which took more than 12 months to be resolved and only 830 were resolved within 90 days. Financial Standard understands that around 7500 member claims have been impacted by the days in processing since September 2022 through to this ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN | TUESDAY, 12 NOV 2024

... alleging members were impacted by delays to death and TPD claims processing, some waiting more than 90 days. Financial Standard understands that about 7500 member claims have been impacted by the delays in claims processing since September 2022 through ...

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Settlement reached in Caddick class action

ELIZA BAVIN | 12:27PM

Lawyers leading the class action said they feel the settlement is a "great outcome" for the applicants.

Platinum, Regal put acquisition talks to bed

JAMIE WILLIAMSON | 12:16PM

After completing due diligence, Regal Partners says it is no longer interested in acquiring Platinum Asset Management. It comes as the latter confirms its first deal under the new Platinum Partner Series initiative.

Australian Retirement Trust appoints new chief risk officer

ANDREW MCKEAN

Australian Retirement Trust (ART) has appointed a new chief risk officer that's set to start in March 2025.

Funds SA appoints chief investment officer

ANDREW MCKEAN

Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025.

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