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Showing 51 - 60 of 3453 results for "August"

Inflation still too sticky: Report

CHLOE WALKER  |  MONDAY, 13 NOV 2023
... quarter," the report said. "The year-on-year remains on a moderating trend, but at 5.4% was above the RBA's implied forecast in August of 5.25%." The report said domestic inflation remains sticky, and in particular, services inflation stayed persistently ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... shown through Facebook, Instagram, and in a webinar hosted on the fund's website, cited in various instances from 23 August 2022 to 18 July 2023. From August to October 2022, HESTA's social media adverts displayed an 8.87% average annual return ...

Wealth managers seek better data warehouse solutions: BNP Paribas

CHLOE WALKER  |  FRIDAY, 10 NOV 2023
... client interaction in a number of asset classes, but has transformed the execution experience, which is pretty cool." In August, BNP Paribas' Securities Services business launched its own virtual agent, NOA (NextGen Online Assistant) for Australia ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... proposed three-year phase-in would be "dangerous." Parents for Climate, which filed a claim against EnergyAustralia in August for false or misleading advertising over its branding of fossil fuel energy products as "carbon neutral", raised concerns about ...

Future Fund exposed to dangerous Chinese investments: Opposition

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
... nations such as Russia, Iran, and North Korea. According to an audit conducted by opposition senator James Paterson in August, the $200 billion sovereign wealth fund first forayed into Chinese markets in 2007, but its investment exposures grew as China ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... Group collapsed in 2019, people were unable to pay their rent, and many found themselves homeless. Before its downfall, in August 2017 ASIC issued an interim stop order on product disclosure statements (PDS) issued by Theta Asset Management (Theta) offering ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... from Rainmaker Information, legalsuper's MySuper balanced option yielded a 6.8% return over a three-year period ending August 31, which is below the median return of 7.2%. Separately, the fund continues its search for a new investment chief following ...

Wealth firm awards CFS Edge mandate

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... Viridian Advisory, which has $7 billion in funds under administration, will use CFS Edge. Having officially launched in August, Edge is the third platform CFS has on offer, together with FirstChoice and FirstWrap. CFS group executive Bryce Quirk said ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
Link Group amended its FY23 financial report that was released in August, following an ASIC review that identified potential "material misstatements." ASIC pinpointed discrepancies in the recorded value of Link's Fund Solutions business assets and provisions ...

E-commerce giant retreats from super

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2023
... Mercer to develop a new "no frills, ultra-low fee" superannuation fund. The product launched just shy of a year later in August 2019, drawing interest as an index-only superannuation offering. At the time, it said the fund would leverage Kogan's ...