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Showing 1 - 10 of 353 results for "Subsequently"

Deloitte eyes more mergers and product innovation

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
... activity will continue, resulting in the development of larger funds and mega-funds with assets exceeding $100 billion. Subsequently, the number of market participants is expected to shrink, and up to 12 mega-funds are expected to emerge in the coming ...

'ASX Wolf' Tyson Scholz bankrupt in ASIC crackdown

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... He was ordered to pay $456,296.64 in legal costs, but after failing to do so, ASIC issued a bankruptcy notice and subsequently filed a creditors petition. Unperturbed, Scholz, who boasts 116,000 followers on Instagram, has recently flaunted his lavish ...

SimCorp names new country manager for Australia

ANDREW MCKEAN  |  TUESDAY, 16 JAN 2024
... services, covering front, middle, and back-office operations for Australian asset managers and owners. Artega has subsequently onboarded several specialised investment managers into its services, such as Alphinity Investment Management, OX Capital Management ...

Federal Court appoints receivers to investigate Brite Advisors

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
... action taken by ASIC in October 2023 to obtain interim asset preservation orders against Brite. 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 ...

Former AMP adviser banned by ASIC

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
... and member of the Finance Brokers Association of Australia. In June, ASIC issued banning orders against Mink, who subsequently challenged these decisions at the Administrative Appeals Tribunal, seeking review and confidentiality orders. However, earlier ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... $48,600 for displaying past performance figures in a way that implied better returns than what was actually the case. Subsequently, HESTA acknowledged the regulator's concerns and said that it's improved internal processes.

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... Medium Term Notes (A$MTN), raising $275 million. The funds raised from the issuance will be allocated to repay and subsequently retire a $250 million bank debt tranche, which is scheduled for maturity in May 2024. Australian Unity healthcare property ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... purportedly publishing false or misleading performance figures about one of its investment options. The industry fund subsequently incurred a $48,600 fine for its claims regarding its Balanced Growth investment option, which boasted a 10-year performance ...

XTBs to be delisted following collapse

CASSANDRA BALDINI  |  TUESDAY, 7 NOV 2023
... 2023, Alan Walker and Glenn Livingstone of WLP Restructuring were appointed as external administrators to ACBC and, subsequently, the XTBs were suspended from trading on Cboe," EQT said. "It was resolved at a meeting of creditors of ACBC on 5 October ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... the majority of its approximately 42,000 members are invested - annual fees and costs will be 0.62%, up from 0.52%. Subsequently, the fund's total expense ratio will rise from 1.09% to 1.19%. Legalsuper chief executive Luke Symons told Financial ...
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