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Showing 1 - 10 of 5835 results for "Public"

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... Aggregate Bond Index Fund. On March 8, the indexing giant admitted to "engaging in conduct that was liable to mislead the public and that it had made representations that were false or misleading." Today, Justice O'Bryan found Vanguard broke the ...

Super fund expenditure to be exposed

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
APRA will publicly expose the way superannuation fund trustees are spending and investing members' funds later this year. The move comes after a consultation with the industry in which APRA sought feedback on proposals to treat most of the data it now ...

Best super fund products revealed

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... meanwhile not-for-profit funds constituted the lion's share at 71%, including 85 products from industry funds, 22 from public sector, and nine from corporate funds. The latest products to receive a AAA rating are: Australian Retirement Trust - QSuper ...

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
Platinum Investment Management flags it will lose at least $1.4 billion as a partial redemption from institutional clients over the next month, translating to an $18 million hit to revenue. One large client told the fund manager that it intends to rebalance ...

Jo Townsend named chief executive of NZ Super

ELIZABETH FRY  |  WEDNESDAY, 27 MAR 2024
... billion NZ Super. Townsend - chief executive of Funds SA for eight years - left the $42 billion institutional investor of public sector funds in mid-2023. She replaces Whineray who resigned from his role at NZ Super last May after 15 years with the super ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
The legislation housing the first tranche of financial advice reforms that promise to reduce red tape was introduced in parliament today. Some of the recommendations from the Quality of Advice Review (QAR) include amending ongoing fee arrangements (OFA) ...

Bitcoin investing is on the rise, but more regulation is needed

ELIZA BAVIN  |  WEDNESDAY, 27 MAR 2024
... encourage banks to revisit their crypto-allergy post-licensing of Crypto exchange. Amid greater market adoption and increased public scrutiny, Zeng said it was of the upmost importance for the cryptocurrency industry to prioritise security and data protection. ...

Director facing $13k fine in first of its kind action from ASIC

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
The Australian Securities and Investments Commission (ASIC) has commenced the first prosecution action against a director for failing to comply with the obligation to have a director identification number (director ID). ASIC did not name the director ...

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... administration, and insurance fees increase. AvSuper will join the $280 billion ART with its 2.3 million members on May 1. Public offer members will see administration costs change from $0.50 per week plus 0.19% p.a. of the account balance to $1.20 per ...

Funds SA asset allocation head to depart

ELIZABETH FRY  |  FRIDAY, 22 MAR 2024
Funds SA, the $42 billion public sector investment manager, has confirmed its asset allocation lead will leave the fund next month and take a short career break. Brendan Hallett said he wants to return to the east coast and and look for opportunities ...
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