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Showing 1021 - 1030 of 7371 results for "System"

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
More than $17.4 million has been made in compensation payments to retail clients affected by legal breaches by eight retail OTC derivative issuers, $13 million of which was paid by Binance alone. ASIC said the payments have been made to more than 2000 ...

Centrepoint Alliance acquires Financial Advice Matters

CASSANDRA BALDINI  |  THURSDAY, 9 NOV 2023
Centrepoint Alliance has entered into a binding agreement to purchase 100% of Brisbane-based financial advice firm Financial Advice Matters Group (FAM). Centrepoint Alliance said the transaction, subject to the fulfilment of closing conditions, should ...

VanEck launches AUD-hedged equity ETFs

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
VanEck is launching three new AUD-hedged international equity ETFs, prompted by increasing demand from financial advisers and investors. The investment manager's new ETFs, scheduled for a November 9 debut on the ASX, will leverage VanEck's existing ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
The corporate regulator is taking TelstraSuper to the Federal Court for allegedly failing to comply with internal dispute resolution requirements. ASIC alleges that 40% of the corporate superannuation fund's responses to complainants during a specific ...

Macquarie appoints Byres, half-year results decline

KARREN VERGARA  |  FRIDAY, 3 NOV 2023
... after serving as chair for more than eight years. Byres was also a member of the Reserve Bank of Australia's Payments System Board during that period. He is currently an adviser with the International Monetary Fund. Byres is one of three bank-only ...

Licensees flout breach reporting regime: ASIC

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
ASIC warned it is taking tougher action on licensees as they fail to comply with the reportable situations regime two years on. Of the 16,836 reports ASIC received from financial services and credit licensees in the year to June 2023, 17% took over ...

MLC Life names operations, people chiefs

KARREN VERGARA  |  TUESDAY, 31 OCT 2023
MLC Life Insurance made two executive appointments who will each lead the operations and human resources departments. Jane Murray has been named chief operating officer after serving as chief operating and people officer for the last nine months. Murray ...

NAB commits to $1bn of lending to boost First Nations businesses

CASSANDRA BALDINI  |  TUESDAY, 31 OCT 2023
NAB is ramping up its support of First Nations businesses, setting a $1 billion lending target over the next three years. The commitment will see NAB's funding of First Nations businesses and community organisations jump by 140% from its current ...

Cost-of-living crisis puts young members at risk: Rest

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
... that funds can't do it all, Doyle urges her industry peers to seize every chance to create a fairer, more equitable super system for the future of young members, citing recent initiatives like the removal of the $450 monthly income threshold and the ...

Clime IM doubles down on strategy, taps into AI

ANDREW MCKEAN  |  MONDAY, 30 OCT 2023
Clime Investment Management is recalibrating to become a full-service private wealth business, anticipating a rise in advisory fee revenues as it contends with a decline in funds under management (FUM). Last week, the ASX-listed wealth company reported ...