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Showing 1111 - 1120 of 7378 results for "System"

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... million to over $780 million. In a statement, government said the new package looks to bolster the integrity of the tax system, further empower regulators, and strengthen current frameworks so they are fit for purpose. "We're cracking down on misconduct ...

HESTA moves 10% of portfolio in-house

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
HESTA has significantly grown its in-house capability, resulting in the fund now handling nearly $7 billion or 10% of its portfolio internally. The news comes 18 months after the $74 billion super fund launched its internalisation strategy. In December ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... an equitable and sustainable way. Jones, who is also minister for financial services, added: "It strikes me as odd in a system which is about retirement income that a third of the cheques that are being written by superannuation funds by value, so a ...

ASX appoints former ASIC chair to lead advisory group

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... challenging and crucially important. The ASX initially flagged the replacement project in February 2015 and aimed for the new system to be live in the first quarter of 2021. The project instead suffered several delays and was dumped last November, writing ...

State Street brings Fund Connect ETF Portal to Australia

ANDREW MCKEAN  |  TUESDAY, 1 AUG 2023
State Street has introduced its Fund Connect ETF Portal to the Australian market, facilitating the creation and redemption of exchange-traded funds (ETFs), acting as a central platform for accessing issuers. State Street flagged in May last year that ...

New chief executive for retail super fund, platform

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... what we have achieved. We have launched our new market-leading products and are close to completing our transformative system upgrade project, which positions Acclaim perfectly for the next phase of our growth. Terry is the right person to navigate the ...

Aware Super details new term deposit option

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... deducted. In detailing the offering, Aware also outlined the tax benefits, being that interest on term deposits in the super system is taxed at a maximum of 15c per dollar, or not taxed at all for pension members. According to the Australian Bureau of ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... financial year event. The lack of PII is generally the reason advisers are not paying up, Singh said, and is telling of a system that is not working because once the decision is final, AFSLs must pay the complainant. "A financial advice firm will say ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
With the threat of cyber-attacks growing by the day, leadership teams in all areas of financial services are being urged to ramp up cybersecurity protections, with the regulators keeping a keen eye on their efforts. But while major institutions might ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
US and UK regulators have imposed fines of $575 million (US$388 million) on the bank for risk management and governance failures related to the collapse of Archegos Capital Management. The US Federal Reserve has issued Credit Suisse a $394.84 million ...