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Showing 1 - 10 of 1461 results for "Light"

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... Australians from dodgy practices by retaining these protections," O'Halloran said. "It is good to see ASIC shining a light on poor practices. We expect ASIC to now follow up with strong enforcement action against trustees and advisers to deter future ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... expenses. He also doesn't expect much surplus capital to be retained for the asset management business, given its capital-light nature. The estimated cash proceeds to shareholders, along with details on transaction, separation, and tax expenses will ...

Court approves $16m DASS settlement

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... "each relevant complaint will be assessed by AFCA in accordance with the rules governing the scheme it administers, and in light of its specific circumstances," court documents show. "The Court has received evidence indicating that some persons who were ...

Sequoia chair steps down

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... $1.1 million, the bulk of which Sequoia said "comprises the deferred consideration that Sequoia did not issue Mr McGowen in light of the claims Sequoia has raised against Mr McGowen." On February 6, Sequoia sued McGowen in relation to its acquisition ...

Super fund expenditure to be exposed

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
... alternative strategy funds listed equity, and private equity. APRA deputy chair Margaret Cole said the new data will shed further light on how trustees are spending and investing the funds entrusted to them by members. "I am pleased to acknowledge that ...

GQG builds private markets unit on PAC stakes

KARREN VERGARA  |  MONDAY, 18 MAR 2024
GQG Partners is launching a private markets business by acquiring Pacific Current Group's stakes in three fund managers operating in the asset class for US$71.25 million ($108.7bn). The foundations of GQG Private Capital Solutions (PCS) will comprise ...

DASS settlement pending court approval, victims urged to claim

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... 2024, the federal court will decide if the conditional settlement announced on 14 November 2023 should be given the green light. The lawsuit led by Shine Lawyers alleged that E&P's financial advisers, when they were operating under DASS, gave unsuitable ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... advisers that they have a critical role to play in stemming misconduct in the SMSF sector more than ever. This comes to light at a time when the ATO and ASIC remain vigilant against the illegal early access of superannuation that is especially rampant ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
ANZ has had a significant legal win on appeal, with its proposed $4.9 billion acquisition of Suncorp's banking arm given the go-ahead. The decision to authorise the takeover was handed down this morning by the Australian Competition Tribunal (ACT) ...

Grok Ventures appoints new chief executive

RACHEL ALEMBAKIS  |  FRIDAY, 9 FEB 2024
Mike Cannon-Brookes' family office Grok Ventures has hired a new chief executive, recruiting a former BlackRock and Macquarie executive. Grok has named global funds management executive Tan Kueh as chief executive, while Jeremy Kwong-Law will remain ...
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