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Showing 1 - 10 of 181 results for "Signature"

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
Several major superannuation funds such as UniSuper, Aware Super, and Equip Super continue to invest in global weapons companies despite growing concerns among members, particularly as the Israel-Hamas war escalates. This includes France's Thales ...

AMP names new group insurer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
AMP has named a new default insurance provider for its superannuation offering to replace Resolution Life. TAL is the new group insurer for AMP Super Fund, which includes its flagship product SignatureSuper. Commenting on the transition, AMP general ...

Former AMP adviser banned by ASIC

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
ASIC has prohibited former AMP Financial Planning (AMPFP) adviser Darron Mink from providing financial services or engaging in credit activities for five years. Mink, who was also the sole director of Newcastle's Pinnacle Financial and Investment ...

Spatium Capital selects trustee, administrator for small caps fund

CASSANDRA BALDINI  |  TUESDAY, 28 NOV 2023
... follows requests from financial advisers and SMSF trustees who want easier, cleaner digital access via applications and signature protocols. True Oak has operated for 40 years and was recently spun out of Future Super after the super fund acquired a ...

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... a direct financer to companies in the technology and healthcare industries. The stunning failures of Credit Suisse, Signature Bank, First Republic Bank, and Silicon Valley Bank have left a void in the traditional banking space, with fixed income giant ...

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
A former financial adviser who doubles as a comedian has had his assets frozen and been barred from leaving the country as the regulator investigates fees charged to client superannuation accounts. Last month, David Mario Valvo of Sydney was ordered ...

ASIC permanently bans former financial adviser

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
Former financial adviser John Wertheimer has been banned by the regulator after he was convicted of using the Netwealth platform to access client accounts and make unauthorised transactions. In May 2020, Wertheimer made 48 unauthorised transactions ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... Valley Bank, the largest US bank failure since Washington Mutual in 2008, and then continued with the failure of New York Signature Bank. Previously, JBWere chief investment officer Sally Auld pointed out that Silicon Valley Bank had a highly concentrated ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
A BlackRock subsidiary has been tasked with disposing the mortgage-backed assets of Silicon Valley Bank and Signature Bank that collectively amount to US$104 billion ($156.2bn). The Federal Deposit Insurance Corporation recently announced that it retained ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... Alecta was let go by the fund as it looks to recover from large losses resulting from investments in Silicon Valley Bank, Signature Bank and First Republic Bank. Overnight, Magnus Billing was axed as chief executive with immediate effect. He has been ...
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