KKR corrects record on credit income fund ASX statement error
bestnews If a correction to a company’s ASX statement needs a correction itself because the original notice was not, in fact, incorrect, what does that say about the care and diligence…
Financial Services
The buy and sell cycle chewing up ASX companies such as Orora and Healius
Companies deal their way into problems all the time – then they try to deal their way out. The problem is, it rarely works. They buy something questionable, sell something…
Small business says ‘nightmare’ payday super reforms are unworkable
Rosyln Van Welie agrees something needs to be done about companies that try to stiff workers on superannuation contributions. But she says Labor’s plan to make employers pay super along…
Next Capital warms up investors for SilverChef continuation fund
Six years after Next Capital snapped up SilverChef’s hospitality finance business, the mid-market buyout firm is asking investors for more time to allow the non bank lender’s North American expansion…
RBNZ to review capital requirements amid political pressure
New Zealand’s central bank will review its bank capital requirements amid pressure from the government and following the unexpected resignation of its governor. The Reserve Bank of New Zealand will…
Anacacia’s Force Fire sale to underpin final close for Core Fund IV
Anacacia Capital has agreed terms to sell its majority stake in Force Fire to ASX-listed Southern Cross Electrical Engineering for $53.5 million, a price the buyout firm says represents a…
The RBA and ASIC says they are ‘increasing concerned’ about the ASX
The Reserve Bank of Australia says the ASX is not complying with important standards that are meant to prevent market failures in an escalation of regulatory concern about the governance…
Goldman, Forsyth Barr launch Tower Limited block trade
Goldman, Forsyth Barr launch Tower Limited block trade
Big funds read riot act on slow death insurance, savings payouts
The corporate regulator says the country’s biggest superannuation funds are failing grieving families by making it extraordinarily difficult to access the savings and insurance benefits of customers who have died,…
Insignia Financial loses $6 billion in superannuation assets to rival funds like AustralianSuper, HUB24
Insignia Financial, the ASX-listed wealth group that owns the 138-year-old MLC brand, lost the most retirement savings to rival superannuation providers as customers moved to industry funds and into self-management.…