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Showing 101 - 110 of 575 results for "Directed"

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
Of the 97 products to fail this year's superannuation performance test, 96 are trustee-directed products - 75% of which are issued by the same four trustees. Released this morning, the 2023 performance test marks the first time trustee-directed ...

Millions of Aussies investing in collectibles

CASSANDRA BALDINI  |  MONDAY, 28 AUG 2023
... displayed a preference for sneakers (30%), tickets (28%), trading cards (22%), and art (21%), while female investors directed their investments towards sneakers (39%), tickets (30%), and handbags (27%). "During the boom at the peak of the pandemic many ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... that they were reassured by executives in May 2018 that the terms would be unchanged. At the time, AMP was seen to have directed compliance staff in the lead up to cutting valuations to begin looking into historic BOLR agreements, specifically targeting ...

Performance test excluding retirement products is "crazy": Podcast

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... significant failing," he said. Linden said he is also concerned any further extension of the test will only include trustee-directed products. "That will leave out a whole range of other Choice investment options, which we know from the banking Royal ...

Dealer group adopts profit-for-purpose model

CHLOE WALKER  |  THURSDAY, 29 JUN 2023
... time, Spark Financial Group chief executive and founder Arthur Kallos said all profits from its management fees will be directed to charitable benefactors.

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... continue to reflect full cost recovery. "The government also supports ASIC taking action to implement the recommendations directed to it, to improve its engagement with industry and to streamline its reporting arrangements, particularly through its Cost ...

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... Rules on six occasions between October and November 2021. Specifically, On October 27, a client of Morrison inadvertently directed six orders to buy or sell securities to the Chi-X market, instead of the ASX closing auction. The six orders were recognised ...

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... said. In the UK a "pro-innovation devolved regulatory model" has been floated, while China and Canada are proposing laws directed at regulating uses of AI. A study by McKinsey estimated that generative AI could add between $US2.6 trillion to US$4.4 trillion ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... products to adjust for flag cost considerations. Trustees must therefore take into account the nature of different trustee-directed products (TDPs) Jones is introducing changes to representative administration fees and expenses or RAFE for platform TDPs. ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed to a MySuper product despite no directive having been given by the member as to where the money should be invested. This ...