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Showing 1211 - 1220 of 8722 results for "Regulator"

ASIC issues warning over scammers using fake AFSLs

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
... impersonating little-known legitimate financial services businesses, often those without a website or digital footprint. The regulator said scammers are mirroring real businesses' disclosure documents, addresses, International Securities Identification ...

Poor investment governance costly for asset owners, members: KPMG, Frontier

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
Most asset owners estimate that poor investment governance could increase portfolio costs by 1% or more annually, according to a joint report by KPMG and Frontier Advisors. The report, which surveyed 22 asset owners in the local investment industry ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
Treasury is promising to make Australia a better investment hub for foreigners as it lays out comprehensive reforms to make the system "stronger, more streamlined, and more transparent". Treasurer Jim Chalmers today released an updated foreign investment ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... on Corporations and Financial Services today. When questioned over its capacity to respond to people who approach the regulator seeking litigation against a company or person, Longo said ASIC does not have the resources to investigate every claim. Longo ...

AFM Investment Partners brings new feeder fund to Australia

ELIZA BAVIN  |  MONDAY, 29 APR 2024
German renewable infrastructure specialist KGAL Real Investments has joined forces with AFM Investment Partners to bring Australian investors access to two impact funds. The feeder fund will give Australian investors access to KGAL's two impact funds ...

Link shareholders approve takeover

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
Link Group shareholders have voted in favour of the proposed acquisition by MUFG's subsidiary Mitsubishi UFJ Trust & Banking Corporation (The Trust Bank). MUFG made the $1.2 billion takeover bid in December last year. MUFG will pay $2.26 cash for every ...

FSC expands financial advice membership

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
The Financial Services Council (FSC) is expanding its remit into the financial advice sector by adding six licensees to its network of members. Count, Fortnum Private Wealth, Infocus, Otivo, Rhombus Advisory, and WT Financial Group have joined FSC's ...

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
The proposed 30% tax on large superannuation balances must clarify the confusion surrounding legacy pensions and reserves, and how they should be calculated, according to the SMSF Association (SMSFA). The SMSFA is calling for an amnesty for legacy pensions ...

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... rectified. It suggested the consequences for failing the test for choice options could instead require trustees to provide to regulator an action plan to address the underperformance. The Institute also supports the removal of barriers to consolidation ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
Almost 90% of surveyed auditors do not support the government's requirements to implement mandatory climate reporting and assurance on private companies, not-for-profits and companies limited by guarantee, according to a new survey. The survey was conducted ...