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Private credit to play critical role in the economy: MA Financial

CHLOE WALKER  |  TUESDAY, 8 AUG 2023
... Australia's lending market, MA Financial managing director real estate credit Cathy Houston says. Talking to Financial Standard, Houston said she expects non-banks to increasingly assist major lenders in servicing the commercial real estate debt ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... all products seeking RIAA certification are examined for their practices and processes against Responsible Investment Standard, and when a breach is reported/revealed through self-reporting or other channels, we ascertain any practice gaps associated ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
The $2.7 trillion managed investment scheme industry is set for a shakeup as a new review is proposing changes that include amending financial thresholds, and liquidity and insolvency requirements. Assistant treasurer Stephen Jones has opened consultations ...

Mayfair 101 accuses ASIC of "suspicious" conduct over FOIs

JAMIE WILLIAMSON  |  FRIDAY, 4 AUG 2023
... within six hours of receiving it, and said more transparency is needed. ASIC declined a request for comment from Financial Standard, citing ongoing legal proceedings.

Australia a "most exciting place" for GQG: Barker

CHLOE WALKER  |  THURSDAY, 3 AUG 2023
... assets controlled by a relatively small number of decision makers - and Australia is just that. Speaking with Financial Standard on a visit to Australia this week, Barker talked to GQG's dedication to servicing the local business, which now has four ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... their needs and the design and distribution obligations are being met." In response, an eToro spokesperson told Financial Standard: "eToro AUS is considering the allegations filed by ASIC in these proceedings and will respond accordingly. There is no ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... particularly wanting deeper insight into how variable remuneration is rewarded. The prudential regulator has updated Prudential Standard CPS 511 Remuneration to reflect how it wants trustees to annually publish information on remuneration frameworks ...

More than $100k raised at FICAP RockStar

STAFF WRITER  |  WEDNESDAY, 2 AUG 2023
... Magellan, Montgomery Investments, NMG Consulting, Pendal, PIMCO, Profusion Group, Schroders, SQM, and Vanguard. Financial Standard is the official media partner of FICAP.

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
Fitch has downgraded the US's credit rating to AA+ from AAA, citing fiscal deterioration, a growing government debt burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates ...

Raiz increases portfolio fees

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... upped its fees on a range of its portfolios, with some increasing as much as 29%. The monthly maintenance fee for the Standard portfolios will increase from $3.50 to $4.50 for account balances of less than $20,000. For balances equal to or greater than ...