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Showing 1071 - 1080 of 3179 results for "ACTU"

Couple faces prison over ponzi-style scam

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
A ponzi-style investment scheme that defrauded Collingwood Magpies fans out of more than $800,000 has seen one man convicted on dishonesty charges while his wife is already serving time for fraud offences. Douglas Johnston was found guilty on nine dishonesty ...

Super fund divests companies with all-male boards

ELIZABETH MCARTHUR  |  THURSDAY, 9 MAY 2019
A growing superannuation fund has become the first to divest from every company in its portfolio that has an all-male board. Future Super has sold out of all companies that do not include a single woman on their board, saying they are not only failing ...

ACSI calls for ESG, stronger stewardship

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 MAY 2019
The Australian Council of Superannuation Investors is calling for significant reforms to Australia's framework for investment stewardship to encourage ESG integration. ACSI is asking APRA to revise its investment guidance to specifically reflect the ...

Australians lose record amount to scams

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
Older Australians, Indigenous Australians and those with a disability have reported record losses to scams in 2018, including more than $85 million to dodgy investments. Australians in total lost almost half a billion dollars to scams in 2018. However ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
APRA's new enforcement approach to cyber security may mean financial services firms have to conduct fire drills - where fake viruses or phishing attacks are deliberately spread in their systems - to work out the strength of their systems. APRA released ...

One third of Australians trust robo-advice

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
New research reveals about 30% of Australians would trust a robot to offer them financial advice over a financial adviser. According to research commissioned by think tank Thinque, about one third of Australians would accept robo-advice as their faith ...

Former Millennium3 adviser banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
A former Millennium3 and Beacon Financial Group adviser was banned by ASIC for failing to act in the best interests of clients by recommending insurance with unaffordable premiums. Gregory Forster received a five year ban for failing to take into account ...

Industry fund strengthens board

ELIZABETH MCARTHUR  |  TUESDAY, 16 APR 2019
... industry. Stuart Brades has also been appointed to the aviation industry fund's board. Brades is a nomination to the board by the ACTU. He is an air traffic controller in the Perth Tower and vice president of the Finance for the Civil Air Operations ...

Chinese investment in Australia down 36%

ELIZABETH MCARTHUR  |  MONDAY, 15 APR 2019
A new report from KPMG has revealed a 36.3% reduction in Chinese investments in Australia, from $13 billion in 2017 to $8.2 billion in 2018. The report was produced by KPMG and The University of Sydney Business School looking at a dataset covering investments ...

Australian fund caught in email scandal

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
The board of a $5 billion Australian government fund, run by several former investment bankers, has been admonished for using non-official email accounts to conduct business with political and commercial sensitivities. The Auditor General said some ...