Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1231 - 1240 of 17564 results for "Report"

E&P Financial advances delisting

KARREN VERGARA  |  MONDAY, 4 NOV 2024
... referred the inquiry to the Wealth Management Companies to the Senate Economics References Committee, which will provide a report by the last sitting day of March 2025. The Financial Advice Association Australia (FAAA) secured the motion to investigate ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
The market regulator provided an update on its investigation into ANZ's role as joint lead manager and risk manager of the issuance of 10-year Australian government Treasury Bonds last year. The investigation, commenced April last year, is currently ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
The fine relates to several failures by J.P. Morgan Securities and J.P. Morgan Investment Management, including recommending more expensive mutual funds when almost identical ETFs were available much cheaper. J.P. Morgan Securities (JPMS) and J.P. Morgan ...

Macquarie reports $1.6bn net profit

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
Macquarie Group has posted a net profit of $1.6 billion for the half year ended September 30, marking a 14% increase from the previous corresponding period. Macquarie managing director and chief executive Shemara Wikramanayake said improved performance ...

Industry fund merger finalised; seven board exits confirmed

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
The merger between industry funds CareSuper and Spirit Super was officially signed, sealed, and delivered today, creating a $53 billion super fund. The newly combined fund, which operates under the banner of CareSuper, will, as previously revealed ...

Licensees pay $92m in compensation

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
... in the time taken for licensees to identify and commence an investigation into a breach during the reporting period, the report found. The overall median time taken was 73 calendar days and the average was 415 calendar days. Licensees took more than ...

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... offer any form of financial advice. OnePath's Retirement Portfolio Service, which had $32.9 billion in FY23, did not report advice-related payments, neither did the MLC Superannuation Fund, Australian Ethical Retail Superannuation Fund, and Future ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
AFCA's Annual Review revealed the ombudsman service received a record 104,861 complaints from consumers and small businesses in 2023-24, up 8% on the year before. Of those, AFCA received 7325 superannuation complaints, a 5% increase from the previous ...

Cbus implements senior redundancies

ANDREW MCKEAN  |  THURSDAY, 31 OCT 2024
... 900,000. Earlier this week, Morningstar highlighted turnover across Cbus' senior ranks remains an issue in an investment report, specifically noting the recent departures of former deputy chief investment officer Alexandra Campbell, head of total ...

UniSuper offers plenty to like, says Morningstar

ANDREW MCKEAN  |  WEDNESDAY, 30 OCT 2024
UniSuper's collaborative approach to capital deployment and sound governance makes it a solid choice, according to Morningstar. Morningstar said UniSuper's strong leadership and collaborative nature reflect a team that's aligned with a total ...