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Showing 1311 - 1320 of 3210 results for "Power"

Design and distribution law set to impact property funds

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... investors. The law in question is The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Power) Bill 2019 (Act), which was passed on April 5. It applies product intervention power immediately and says that the design ...

HESTA joins ESG social media fight

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
The $50 billion industry superannuation fund has joined a high profile group of international investors applying pressure to social media giants following the Christchurch terror attacks. HESTA announced it joined the campaign to force social media ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
APRA's new enforcement approach to cyber security may mean financial services firms have to conduct fire drills - where fake viruses or phishing attacks are deliberately spread in their systems - to work out the strength of their systems. APRA released ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
... to make our platform and investments as cost effective as possible for them," CFS acting executive general manager Kelly Power said. Fee cut details Businesswide, CFS is removing regulatory reform fee across all its products and reducing the investment ...

Industry welcomes tax cuts and surplus

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... Frydenberg extolled the Liberal Party for transforming a 12-year deficit to a long-awaited surplus. When the Liberals took power, it inherited a $55 billion deficit, he said, and promised 10 million Australians with a $158 billion tax relief. The tax ...

APRA to up the ante

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
APRA's new enforcement strategy will see it toughen up, but its safety-first approach will be retained. The prudential regulator released its new enforcement strategy alongside the enforcement review that commenced in November after its enforcement ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
APRA has confirmed it will hire around 100 more permanent staff after its funding boost. In a planned statement to the Senate Economics Legislation Committee, APRA chair Wayne Byres revealed the prudential regulator is looking to hire 100 more permanent ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019, which passed on April 4, strengthens APRA's power following criticisms it has not effectively regulated the superannuation industry as highlighted by the financial services ...

Powerwrap makes a move on IPO

KANIKA SOOD  |  FRIDAY, 5 APR 2019
Powerwrap is set to list on the stock exchange with a $73 million market cap after securing $15 million in commitments during its IPO. The offer was priced at 35 cents a share for 205 million shares. The 10-year-old platform has been privately owned ...