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Showing 1291 - 1300 of 3210 results for "Power"

Beware tech firms in financial services

ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
The Bank for International Settlements (BIS) has issued a warning about large technology companies entering financial services. The BIS said the entry of big tech into financial services presents new risks - not least of all, the competition these companies ...

Future Super to offer investment app

HARRISON WORLEY  |  FRIDAY, 21 JUN 2019
The $400 million superannuation fund is set to launch an investment app. Future Super is planning to open the doors to Array, an app allowing everyday Australians to invest in renewable energy for as little as $5. According to the Array site, the first ...

Facebook to launch own currency

HARRISON WORLEY  |  WEDNESDAY, 19 JUN 2019
The social media giant revealed plans for its first financial services product, a digital wallet and its own cryptocurrency. Facebook is set to launch its own digital wallet in 2020, to allow people to access and participate in the Libra network, Facebook's ...

New AFCA remit not enough: Law firm

KANIKA SOOD  |  MONDAY, 17 JUN 2019
... Commission are flawed and need urgent amendment. In February, the Federal Government expanded AFCA's remit to give it the power to review eligible financial complaints from 1 January 2008 onwards for the twelve months that start on July 1. AFCA chief ...

AMP Super, board slapped with licence conditions

KARREN VERGARA  |  FRIDAY, 14 JUN 2019
APRA announced this morning it is taking action on AMP's superannuation business and board, concerned they breached several areas of superannuation law. AMP Superannuation and N.M. Superannuation Proprietary, collectively known as AMP Super, were ...

Liquidnet acquires fintech

KANIKA SOOD  |  FRIDAY, 7 JUN 2019
The global network for institutional investors has acquired a firm that uses natural language processing to produce predictive market analytics for investment professionals. Liquidnet has acquired Prattle, the developer of a proprietary system that ...

MSCI adds former Aberdeen Standard distribution lead

JAMIE WILLIAMSON  |  TUESDAY, 4 JUN 2019
The former head of distribution for Aberdeen Standard Investments has taken on a leadership role with MSCI. Simone Bouch is now head of Australia and New Zealand client coverage at the research and technology provider. She will be responsible for growing ...

Legg Mason launches new fund

ELIZABETH MCARTHUR  |  FRIDAY, 31 MAY 2019
Global asset manager Legg Mason launched a new fund to meet growing market demand for investment options that incorporate environmental, social and governance (ESG) frameworks. The Legg Mason QS Investors Global Responsible Investment Fund will embed ...

British MPs prod own pension fund

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
UK members of parliament have backed a call to offload any fossil fuel investments held in the Parliamentary Contributory Pension Fund. More than 240 serving and former MPs have signed the 'Divest Parliament' pledge, calling on the fund's trustees to ...

Retail clients win under new ASIC powers: Lawyers

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
... financial and credit products by making orders to prohibit specified conduct related to the product. "The product intervention power gives ASIC a powerful weapon in its enforcement armoury. It also gives ASIC a new risk - that of being held accountable ...