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Showing 1011 - 1020 of 6580 results for "Review"

Class action commenced against IG Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... CFDs in March 2021. In the first three months of the order, ASIC reported average net losses reduced 94% to $22 million. A review by ASIC found 72% of retail investors who'd traded CFDs had lost money.

ASIC, APRA reviewer deprioritised by government

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... creation, the government is cutting the Financial Regulator Assessment Authority's funding, in a move that will see it only review the activities of ASIC and APRA every five years. The Authority, which commenced 1 July 2021, currently assesses the capabilities ...

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Operating a financial advice practice is set to become easier and cheaper under a raft of measures the federal government has introduced, which includes buffering the rising costs of power bills and reducing administration burdens. Federal treasurer ...

Mine Super to close Choice option

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... shuttering one of its Choice investment options that was recently highlighted by APRA as an underperformer. Following a review of its Super investment menu, Mine Super is closing its Conservative Balanced Choice option later this month. The option will ...

PwC chief exits over scandal

CASSANDRA BALDINI  |  TUESDAY, 9 MAY 2023
... legal. PwC chair Tracey Kennair acknowledged the immediate need for the firm to rebuild and enhance trust. "The independent review previously announced, in addition to the changes already made will help us meet this objective," she said. Following Seymour's ...

Liontrust, GAM to create $100bn fund manager

KARREN VERGARA  |  FRIDAY, 5 MAY 2023
... investment talent." GAM chair David Jacob said during 2022, "it became increasingly clear to the board that we needed to review whether our strategy was still appropriate and that the market backdrop, combined with the impact on our financial results ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
The regulator issued a warning to investment product issuers after a review found woeful compliance in meeting the design and distribution obligations (DDO). Since last July, ASIC has placed interim stop orders on 26 investment products from 18 issuers ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023
... performance." Jones said there are no proposals on the table at the moment as to what this might mean. "We conducted a review at the end of last year and that threw up a bunch of things we want to stress test," he told FS Sustainability. "We want to ...

FCA simplifies listing rules to attract global companies

ANDREW MCKEAN  |  WEDNESDAY, 3 MAY 2023
... despite being Europe's largest financial centre, UK listings have declined by 40% since 2008, as reported by The UK Listing Review. While a company's decision to list involves various factors beyond regulation, such as taxation policies and capital availability ...

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
... going to suffer a lot more as the list of things they're no longer able to afford will continue to grow. A more holistic review of inequality will not only result in better outcomes for society but can also reduce long term budget pressure by ensuring ...