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Showing 11 - 20 of 38006 results for "Australia"

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
Financial advisers, licensees, and superannuation trustees are facing the ire of ASIC after an investigation found they are profiting from boiler room tactics that convince members to switch funds. An overwhelming number of members are goaded into leaving ...

FSC launches digital advice group

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
The Financial Services Council (FSC) continues to expand into financial advice by taking on a digital advice association that flagged its formation one year ago. The Digital Advice Expert Group is now part of the FSC, founded by moneyGPS chief executive ...

Dexus completes $300m raising

ELIZA BAVIN  |  TUESDAY, 7 MAY 2024
Dexus announced it has successfully raised more than $300 million for a first close of its second dedicated real estate opportunity fund, putting it on track to raise up to $1 billion in equity. The Dexus Real Estate Partnership 2 (DREP2) fund is the ...

Fidelity to roll out more active ETFs

JAMIE WILLIAMSON  |  MONDAY, 6 MAY 2024
... listing of a class of units on either the ASX or Cboe. In a statement to Financial Standard, Fidelity International Australia managing director Lawrence Hanson confirmed it is looking to launch several strategies as active ETFs this year but was unable ...

Prime Super finds new chief executive

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... at ANZ Bank. Seales also worked as general manager of advice services and head of products and marketing at National Australia Bank. Seales succeeds Lachlan Baird, who left the role in December last year after 18 years in the top job. During the interim ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
ASIC has won a case against BPS Financial, following a Federal Court ruling that found the latter guilty of offering 'Qoin Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence ...

ATO flags key focus areas this tax time

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
The Australian Taxation Office (ATO) has announced it will be taking a close look at three key areas where taxpayers make common mistakes this tax season. Incorrectly claiming work-related expenses, inflation claims for rental properties and failing ...

Former APRA chair joins ASX board

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... secretary general of the Basel Committee on Banking Supervision. In his role as APRA chair, he served on the Reserve Bank of Australia's payment systems board and was a member of the Australian Council of Financial Regulators. Byres stepped down as APRA ...

UniSuper battles major system outage

JAMIE WILLIAMSON  |  FRIDAY, 3 MAY 2024
... secretary Nicole McPherson said. "We can clearly see what happens when we don't keep vital jobs in house and in Australia, which would minimise the risk of issues like this happening - this debacle reflects the true cost of outsourcing." The FSU ...

Asset managers prioritising product quality: Northern Trust

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
Investment managers are focused on the quality and accuracy of their products to enhance the investor experience and growing their distribution in the next two years, according to a recent survey of 300 global asset management firms conducted by WBR ...